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Words: | Submitted: Mon Jun 19 2006
... level with risk. Multi month task forces are the buggy whips of leadership. Today, failure to decide and act quickly can preempt options altogether. However, business decisions are frequently made on input information that is either biased or manipulated. Input bias is defined as the systematic misuse of input information in judgments of outcome quality. While researchers note that the quality of a decision is often "positively related" to the quantity of the inputs used to make that decision, the relationship between input quantity and output quality is not automatic. In many cases, inputs are misused, misrepresented or even negatively related to outcome quality. Other common flaws noticeable in decision making include: a) Poor Framing: This involves allowing a decision to be "framed" by the language or context in which it is presented. Often times, in making a decision, the whole system or situation surrounding the problem or opportunity needs to be carefully ...
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