Does risk-taking scare you?
I was recently having a discussion with a client about risk-taking, and I was reminded of an old Indian folklore story my mom told me many years ago. It was about a farmer who was asked whether he planted wheat
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Category: risk management
Watch for the negative impact of self-serving bias in decision-making
The self-serving bias is a concept that has been extensively studied in social psychology. Essentially, it is people’s tendency to attribute positive events to their own character but attribute negative events to external factors. It’s a common type of cognitive
Worrying won’t help you solve problems or make decisions
A couple of years ago, I wrote a short series on decision-making here on the blog, and I was reminded of that recently when I read the following quote about worrying: “Worry is like a rocking chair: it gives you
Waiting for all the facts … and making decisions
“We need to wait until we have all the facts …” is something I hear many managers and supervisors say. It’s often in response to an issue that needs to be dealt with or an unexpected problem that has occurred.
Don’t just seek advice, pay attention to what you hear
Last year, I wrote a short series of posts on specific techniques you can use as a leader to improve the quality of your decision-making. This story about a Swedish warship from the early 1600’s emphasizes not only the importance