Balancing Bias for Better Decision Making

bcgd bal WEB SML

Executives and CEOs make many decisions every day. It is impossible to give each of those decisions any deep analytical attention. We make some decisions under stressful conditions. We make other decisions with no real precedent as a guideline. We make other decisions because someone “wants it done that way.” Complicating decision making even further is the fact that we all make decisions with both logic and bias – even strategic decisions. Sometimes a decision has so much input that we’re not even sure what we were trying to solve in the first place. Oftentimes, it’s at this point that inaction rings the death knell for that issue and no decision comes forth. Is there a better way to make decisions?