by Jule | Aug 2, 2023 | Decision making, Strategy
Daniel Kahneman, a Nobel laureate in Economics, comprehensively explores human thought processes in his book Thinking, Fast and Slow. Drawing on decades of psychology and behavioural economics research, Kahneman delves into how we make decisions, form judgments, and...
by Jule | Jul 16, 2023 | Decision making, Problem solving, Root cause analysis
Root cause analysis (RCA) is a systematic problem-solving approach used to identify the underlying causes of an issue or problem, rather than just addressing its symptoms. The key aspects of root cause analysis include: Definition: RCA is a method for identifying the...
by Jule | Jul 12, 2023 | Decision making, Software Development
This blog explores the essential data types a small software company needs, the challenges in managing this data, and approaches to overcome these obstacles. Web Site Analytics Website analytics provide insights into how visitors interact with a company’s...
by Jule | Jul 12, 2023 | Decision making, Software Development, Strategy
The Cynefin framework, developed by Dave Snowden in 1999 while at IBM, is a conceptual tool designed to aid decision-making. Cynefin, a Welsh term meaning “habitat” or “place of multiple belongings,” categorises problems into five distinct...
by Jule | May 19, 2023 | Decision making, Strategy
Strategic misrepresentation is the deliberate and systematic distortion or misstatement of information for strategic purposes. It can occur in project planning, budgeting, and other organizational contexts, where individuals or groups intentionally provide false or...
by Jule | Nov 2, 2022 | Bias, Decision making
The report, titled “Delusions of Success: Comment on Dan Lovallo and Daniel Kahneman,” by Bent Flyvbjerg, examines the issue of biased forecasting in business decisions, particularly the “planning fallacy.” Flyvbjerg praises Lovallo and...
