Tag Archives: decision making

September 30

Leadership hack 011 – Rules are for the obedience of fools and the guidance of wise men (and women)

We have rules for a reason.  They keep us safe.  You would not get onto a flight if you knew that the pilot was going ignore the aviation air rules during takeoff or landing.  However, what if something happens, something that is not in the rule book?  Or what happens if someone else breaks the rules? […]

September 09

Leadership hack 008 – there are only ever three business problems

You face a huge variety of problems every day.  Understanding the type of problem you face helps you determine the best way approach and solve it. Most problems can be distilled down to: Diagnosis – not knowing what to do Alignment – not being aligned on what to do Execution – not being able to do […]

June 12

What you could learn from ‘Think like a Freak’ by Stephen Dubner and Steven Levitt (2015, 211 pages)

Questioning perceived wisdom is a high stakes game.  If you are wrong, then you can be laughed at or vilified.  If you are right, then people may not listen.  If you are very lucky and enough people accept that you are right, you can transform the world. Steven Levitt and Stephen Dubner now have a reputation […]

June 06

What could you learn from ‘Decisive’ by Chip and Dan Heath (2014, 252 pages)

You make thousands of decisions each day.  Some are more important than others.  Research by many academics (for example, Daniel Kahneman, Gary Klein and Amos Tversky) has shown that the way you think, and your emotional state, play an enormous role in your decision-making ability. In their latest book,’Decisive’ Chip and dan Heath argue there four reasons […]

May 04

Staying on the leading edge – part 2. My top leadership and philosophy podcasts by Max Eskell

Leaders are required to make difficult decisions involving trade-offs between equally good or equally bad options, always under time pressure and rarely with complete information.  Therefore, leadership is as much about thinking, as it is about doing.  The corollary of this is that thinking is central to what leaders do and how they add value, and […]

April 26

Optimal stopping theory – how maths can help you maximise your decisions by Max Eskell

In life and business, there are many problems where the main issue is that there is a high number of available choices.  In business, these could be finding deciding on a primary contractor, choosing a joint venture partner or even recruiting key individuals. Optimal stopping theory possibly provides help.  Briefly, optimal stopping theory suggests that you should reject […]

April 15

Prioritization, how you could move from urgent to important by Max Eskell

Time is getting more and more precious each day.  Deciding where to focus your most valuable resource is getting harder and harder.  One solution is to get more efficient.  If you improve the speed at which you work, you can get more done.  While this works great in the short-term, there is a risk that […]

April 12

What can you learn from ‘Nudge’ by Cass Sunstein & Richard Thaler (2009, 312 pages)

In their book ‘Nudge’, Thaler and Sunstein are among the first to set out the arguments for using behavioural insights to change (‘nudge’) people’s behaviour. By changing the context of a decision, they argue it is possible to reduce unhealthy or undesirable decisions. Their main arguments stem from making sure that choices are presented in […]

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