What Does Intuition Mean In Business Decision Making?
Posted on08 Oct 2018
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Intuition has an everyday role in our lives. It does in business too. What does intuition mean in business though? What Does... Read More
Importance Of Probability In Business Decision Making Process
Posted on20 Nov 2017
Tagsdecision-making process, statistics, storytelling, uncertainty, unknown, vagueness, bell curve, probability
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The importance of probability in business decision making can’t be understated. Too many just don’t see its impact. Granted, statistics strike fear... Read More
Familiarity Meets Failure Often Without People Knowing Why
When it comes to music, we lean to the tunes we know. When it comes to solutions, we lean to the ones... Read More
Why Problems Occur (Alert #4): Known over Unknown
Posted on15 Jul 2013
Tagsillusion, Iraq, knowledge, perspective, prevention, project management, unknown, warfare, Why Problems Occur Series, Donald Rumsfeld
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The fourth alert I heed as a warning problems might occur is when the known prevails over the unknown. I first experienced... Read More
The Seduction of Rankings
Posted on02 Jan 2012
Tagscomplexity, Google, Greek mythology, knowledge, numbers, quantify, rankings, sirens, statistics, unique, unknown
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Even though rankings are extremely subjective, they seduce us as strongly as the sirens did sailors in Greek mythology. Consequently, we often... Read More
Accounting for Unconscious Biases in Your Decision Making?
Posted on16 Dec 2010
Tagsabilities, behavioral economics, budgets, Dan Lovallo, decisions, dissent, diversity, economics, leadership, management, McKinsey & Company, Olivier Sibony, optimism, self-interest, uncertainty, unknown
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The article, The Case for Behavioral Strategy, (PDF) by Dan Lovallo and Olivier Sibony* from the March 2010 McKinsey Quarterly states: Once... Read More
The Rise of Intuition
Posted on09 Sep 2010
Tagsadvancements, biotechnology, BNET Blog, cognition, communications, decisions, emotions, feelings, illusion, Influence, intuition, knowledge, leadership, management, nanotechnology, Psychology Today, rationale, sales, scientific, sensors, uncertainty, unknown, wants
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The other day a colleague forwarded this link to the BNET blog speaking to intuition. Embedded in it was a link to... Read More
5 Knowledge States To Assess Facts and Information Better
Posted on19 Jun 2010
Tagsaction, awareness, decisions, knowledge, perspective, poker, prevention, problem solving, prove, quantify, reason, unknown, warfare
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While helping a non-profit, a board member said, “We can only deal with a problem if we know there is one.” Here,... Read More
