My friend Rob Lamarre is working on his MBA and shared some notes from Decision Traps. (Thanks Nicole for sending them over!) The summary alone was great stuff. I can only imagine how helpful the book is. Although it’s an oldie, it’s most definitely a goodie.
You don’t need an MBA to avoid these common mistakes; you just need awareness.
- PLUNGING IN | Gather information before thinking about the root of the issue…
- FRAME BLINDNESS | Set out to solve the wrong problem by losing sight of most important objectives…
- FRAME CREEP| Define the problem from one perspective or unduly define it by too many…
- OVERCONFIDENCE | Fail to collect factual information because you are too sure of your own assumptions…
- SHORTSIGHTED SHORTCUTS | Rely on most convenient information without questioning if it fits the situation…
- SHOOTING FROM THE HIP | “Wing it” with final choice rather than follow systematic process…
- GROUP FAILURE | Assume smart choices automatically follow smart people and allow group to self-manage…
- FOOL YOURSELF | Fail to interpret outcomes of past decisions for what they really say or rewrite history to protect your ego…
- DON’T KEEP SCORE | Assume experience is obvious and there is no need to track results or look for lessons…
- LACK OF AUDIT | Pay attention only to the pieces without evaluating how the parts affect the whole…
This week alone, number 1, 2 and 5 totally owned me. Doh!
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