by Jule | Aug 8, 2024 | Decision making, Problem solving, Process
The Actionable Framework for Decision-Making is a structured approach to making effective decisions. Here are the key components and steps of this framework: Core Elements Driver The Driver is responsible for managing the decision-making process from start to finish....
by Jule | Jul 16, 2024 | Bias, Critical thinking, Decision making
Daniel Kahneman identified several key cognitive biases in his book “Thinking, Fast and Slow” that affect our decision-making processes. Here are some of the main biases and how they impact our choices: Key Cognitive Biases Anchoring Bias This is the...
by Jule | Jul 12, 2024 | Bias, Decision making, Strategy
The commitment fallacy, also known as escalation of commitment or commitment bias, is a psychological tendency where individuals or groups continue to invest time, money, or effort into a decision or course of action, even when faced with increasingly negative...
by Jule | Jul 10, 2024 | Bias, Decision making, Ideas generation, Strategy
Have you ever made a snap judgement based on limited information? If so, you’ve likely fallen prey to WYSIATI, a cognitive bias that profoundly influences how we interpret the world around us. WYSIATI, which stands for “What You See Is All There Is”,...
by Jule | Jun 21, 2024 | Decision making, Problem definition, Problem solving
Process for Problem Definition: Identify the issue Gather information Engage stakeholders Analyse root causes Frame the problem Review and refine Template for Problem Definition: Problem Statement Template 1. Issue Overview [Briefly describe the observed issue or...
by Jule | Jun 17, 2024 | Decision making, Structured thinking frameworks
Structured thinking frameworks are systematic approaches to problem-solving and decision-making that help organise thoughts and break down complex issues into manageable components. Here are some examples of structured thinking frameworks: MECE Framework MECE stands...