Making an important decision is never easy, but making the right decision is even more challenging. Effective decision-making isn’t just about accumulating information and going with what seems to make the most sense. Sometimes, internal biases can impact the way we seek out and process information, polluting the conclusions we reach in the process. It’s critical to be conscious of those tendencies and to accumulate the sort of fact-based and unbiased inputs that will result in the highest likelihood that a decision actually leads to the desired outcome. In this video, Michael Mauboussin, Credit Suisse’s Head of Financial Strategies, lays out three steps that can help focus a decision-maker’s thinking.
LegacyYour significance in this world is not measured by what you have attained, or what you have left behind; rather, it is realized by what continues on without you.
Quality DeliverablesThe quality of a team's output is in direct relationship to their leaders' willingness to encourage, empower, and embrace their input. (Graphic)
Leader or Manager?An analysis of whether your most essential assets are anything other than your employees will be evidence of whether you are a leader or simply a manager.
The Key …Behind every storm cloud, there is a bright tomorrow. The key is in knowing how to find tomorrow, today. (Graphic)
PerspectiveOur perception is greatly based upon our point of view. Create a new perspective, by changing your POV. (Graphic)
By ExampleWhy would we ask our employee’s to perform a task that we ourselves are not willing to do?
Where is your passion?Our passions originate from experiences which have altered our perception …
Staff MotivationYour staff is not motivated by how much you know, but by how much you know, they know. (Graphic)
Control & PowerIf control and power is what you cherish, you will be no good to those under it. (Graphic)
Patience often surrenders to time, and dreams go unfulfilled… act as if time is fleeting, as it is.
No matter how hard you try, you can never be something that you’re not.