Hasty decisions can backfire. Popular-vote decisions can take everyone down the wrong path. Unilateral decisions invite resistance. Decisions that address symptoms instead of root-cause problems are a waste of time. And ill-informed decisions are a gamble, one that can ruin your reputation if the negative outcomes were avoidable.
That’s a lot of pressure!
Making quality decisions is a discipline. It includes being aware of knowing how to avoid common decision traps like:
• Groupthink
• Confirmation Bias, Familiarity Bias, and other unconscious biases
• Over-Confidence
• Fundamental Attribution Errors
• Anchoring and Framing Errors
• Sunk-Cost Fallacies
• Risk Aversion
In this presentation, we’ll also discuss group decision-making for including all voices, hearing all input, and tapping into team members’ strengths. Your decision quality will improve and you won’t be feeling the pressure once you learn to avoid these common decision traps.
Part 7 in the video series "Why Wait to Be Great?"