Archive | decision support

Bias For Action

I have a bias for action. When a problem crops up, I quickly gather information and compare potential solutions. I use decisions-making tools to avoid paralysis by analysis. To no surprise to anyone who has worked with me before, I want to do something. My bias for action can be a strength when others are…

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The Myth of the Seven-Eleven Rule

Ever heard about the Seven-Eleven Rule? Neither had I. The seven-eleven rule is based on the belief that people make eleven decisions about a person in the first seven seconds after meeting them. Apparently, the eleven conclusions you make are the following: Education Level Economic Level Perceived Credibility, Believability, Competence and Honesty Trustworthiness Level of…

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How to Make Better Decisions

I always ask aspiring business people: How do you beat Bobby Fischer, the renowned chess champion of the 1970’s? The Answer: Play him at anything but chess. This excerpt is from the second chapter of Seymour Schulich’s book, Get Smarter: Life and Business Lessons. Schulich is a self-made billionaire and one of Canada’s greatest philanthropists, having…

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