How to Optimize Decision Making During Disruption

As a leader, do you recognize and try to avoid biases that can disrupt your decision-making process?

Tip of the week comes from Vistage Research Officer Joe Galvin. He provides #leaders with suggestions that can help them make important decisions in compressed time while minimizing errors.  How to Optimize Decision Making During Disruption

Galvin addresses the issues surrounding adaptation to the new radical shift in behaviors within our society. Many are struggling to adjust.

We should not anticipate that change is going to slow down. Leaders must get comfortable with being uncomfortable. Learning to make better decisions in the midst of discomfort and disruption is the only way forward. ~Galvin

 What can leaders do to make better decisions?

He explains the need to be aware of factors that are influencing your own behaviors and decisions. You shouldn’t be basing your decisions solely on how you feel.   Optimized decision-making occurs when reliable information such as data, best practices, experience, and knowledge are combined into the process.

Compressed Versus Optimized Decision Making     

He provides some good advice and incorporates a challenge for leaders to test themselves with. To help leaders avoid critical errors of judgment or cognitive biases, Galvin draws on research from Dr. Gleb Tsipursky, and his “five primary cognitive biases that CEOs tend to exhibit”.

Galvin breaks down each of Tsipursky’s five primary cognitive biases and helps the reader to gain perspective into the pitfalls and traps of a “world of accelerated disruption”.

How conscious are you of your own subconscious thoughts? How does that affect your leadership?

It’s a worthy read. How to Optimize Decision Making During Disruption