Groupthink is the term used when decision-making groups make hasty and premature decisions without doing the critical evaluation work required for making well-thought-out and good decisions.

When you have a tough business problem to solve, you likely bring it to a group. After all, more minds are better than one, right? Not necessarily. Larger pools of knowledge are by no means a ...

A few years ago, I read “Six Thinking Hats” by psychologist Edward de Bono. The core idea is simple: each hat represents a distinct way of thinking about a problem. While the framework is often ...

Values-based decision making differs substantially from more traditional, top-down models of decision making in that everyone in an organization has a part to play in establishing and maintaining the ...

Making the right decision can make or break your career. It can mean the difference between advancing in an organization or getting demoted or even fired. If you agree with that sentiment, great — and ...

A fair percentage of leaders, especially in startups, professional groups and not-for-profits, pursue the holy grail of decision making by consensus. But it’s usually a bad idea, leading often to ...

Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.

In today’s fast-paced business environment, making well-informed decisions quickly is a crucial skill for leaders. Understanding different models of decision-making can provide you with the tools to ...