Guide to Decision Making

The Economist

De: Helga Drummond

Narrado por: Karen Cass

An invaluable guide to arrive at better business decisions. We make decisions, and these decisions make us and our organisations. And in theory, decision-making should be easy: a problem is identified, the decision-makers generate solutions, and choose the optimal one - and powerful mathematical tools are available to facilitate the task. Yet if it is all so simple why do organisations, both private and public sector, keep making mistakes - the results of which are borne by shareholders, employees, taxpayers, and ultimately society at large?

This guide to decision making, by leading decision science academic Helga Drummond, aims to improve decision-making in organisations. It explores how and why decisions go awry in the first place - and offers practical advice on what decision-makers can do to counter the psychological, social, and other forces that can undermine individual judgment and pull organisations off course. Full of examples of good and bad decision-making from around the world, it will make listeners think more clearly about decisions big and small.

©2012 Helga Drummond (P)2013 Audible Ltd

Mixed feelings

I would subtitle this, "a free-ranging compendium of aphorisms and rules of thumb about decisionmaking, mixed wilth plenty of little capsule stories of decisionmaking gone awry, wilth tons of 'wisdom' of hindsight, hindsight, hindsight, but without much really actionable." Much of the lore of recent headlines is here in abbreviated form, which is alright as a light listen. All this never coheres into some disciplined way to get traction. It seems to be repeating iln various ways, "you don't really know anything," "hidden risks lurk everywhere," "your methods often prove unreliable." Yes, there are irreducible risks, and any big project can, in a short time, turn out to be a fiasco. And some do, and I don't mind hearing about it. And isn't hindsight wonderful for enabling an author to convey a knowing sort of tone and post hoc interpretation. But in a world where resources ARE risked and committed as part and parcel of the game, I want traction: some rational way to discern the signal from the noise, the little blip from the catastrophe. That's what I'm paying for here, and to an extent, being promised. And (alongside the entertainment and the nice narration job), that is what I keep struggling to find here. Some of the precautions are useful, and should be on anyone's checklist. So there is some merit to this work. But I don't think it really lives up to its billing.

review

have seen bosses and friends all walk down this road made it and blows up. or succeed and keep on pushing forward till BOOM!

Informative

I will use what I learned in order to make better decisions. That is all.

Great quick reference on risks

This will be my go to guide for risks, decision examples and my thought checklist. Well done!
Loved the content & the delivery.
I recommend this book.

Really insightful and mind opening...

I loved the slew of real life company examples...f*, I'm more globally aware now. Really helpful for later references..and sounding smater