MY Insight

Learn From Your Mistakes 

The next time you have a decision to make, listen to those who can contribute valuable information.

Ariño, Miguel Angel

Date: Third Quarter 2015

Tags: decision-making, decision science, Fortune 500, Why Decisions Fail, Paul Nutt

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Managers grossly overestimate their own abilities, dictating how everything must be done. Good decision-makers, on the other hand, consciously consider the stakes, and trust their colleagues enough to seek their contributions. These are essential conditions for effective management.

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