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Risk instinct and decision making: Deciding our way through life

Business Psych Blog

PCL’s Geoff Trickey was thrilled to share his insights on how we can optimise our decision-making abilities, for Research Features. Take a look > The post Risk instinct and decision making: Deciding our way through life appeared first on Psychological Consultancy (PCL).

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Business decision-making: 4 common mistakes and how to overcome them

Insperity

Examples include: Widescale layoffs Major hiring decisions in recovery mode Change in processes, strategic direction or even business model Realignment of job responsibilities Handling a major industry shift or disruption Introduction of a new competitor Dealing with natural disasters or pandemics. Decisions must be made deliberately.

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How leaders can unblock the bottlenecks disrupting decision-making 

Work Life

A 2018 McKinsey survey of 1,200 global business leaders indicated that “inefficient decision-making costs a typical Fortune 500 company 530,000 days of managers’ time each year, equivalent to about $250 million in annual wages.” Compelling decisions To avoid bottlenecks in decision-making, you need compelling decisions.

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How maturity impacts your decision-making process at work 

Work Life

You knew that you were not supposed to take on these external consulting assignments, but this one looked super easy and the money was good. You began wracking your brain to see what you had done that might get you in trouble. Maybe it was something that came up when you were working on that outside project last month.

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Your ultimate decision-making guide to help you make better choices faster

Work Life

We make hundreds of tiny and monumental decisions in our lives—from what coffee drink we want from the seemingly endless menu to what careers we should pursue. Too much information, too many choices, and a deep fear of making the wrong decision can cause you to ruminate for hours. Decision-making is one of them.

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Risk types & team decision making…

Business Psych Blog

The different dispositions of these individuals will potentially have a far-reaching impact on other aspects of their lives as well as on any decisions they are making at work. Just like the two friends above, our decision-making propensities come naturally, just a part of our make-up – we take it for granted.

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AI-Led Meetings: From Taking Notes To Driving Decision-Making

Fellow

You can consult these resources yourself instead of waking up your teammate on another continent to ask questions. When you use automated meeting agendas that keep people on track, you streamline all your decision-making. Today’s digital age has made communication easier than ever, so why not take advantage of that?