We all have a few BIG decisions that we have to get right, setting the course of our company and our life. How do we make them wisely? How do we make great decisions? Simply stated, our success as business leaders equals the sum total of all the decisions we make.
I am always looking for a different perspective, or a new lens to examine key issues. Today I look at this NY Times article by best-selling author Steven Johnson that details the research behind making better BIG decisions. Quotes Johnson:
“The ultimate limitation of the pros and cons list is that we are merely transcribing our existing understanding of the decision at hand and not seeing it with fresh eyes. “One thing a person cannot do, no matter how rigorous his analysis or heroic his imagination,” the economist and Nobel laureate Thomas Schelling once observed, “is to draw up a list of things that would never occur to him.”
So what do you do instead of a pros and cons list in decision-making?