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Eight-Step Decision-Making Process for Making the Most Quality Decisions

Baseball is ahead of business in its decision-making process

Gleb Tsipursky
Tue, 11/09/2021 - 12:03
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Body

It’s too bad that so many rely on their intuition for their decision-making process. From former President Donald Trump, to Steve Jobs, and even allegedly Mark Twain, gut reactions are viewed as something almost magical, acquired either by hard-earned experience or possessed by a select few young genius CEOs who deserve a top-notch pay package. Top gurus reinforce such beliefs with their advice.

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Yet research in behavioral economics and cognitive neuroscience shows that even one training session can significantly improve the quality of one’s decision-making ability.

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Comments

Submitted by knowwareman on Tue, 11/09/2021 - 17:03

4-Sigma is the best you can do with gut-feel

The best data I've seen in healthcare about a 1% error rate (4-sigma).

That's as far as you can get with gut-feel, common sense and trial-and-error.

To achieve Zero Harm and 6-sigma, you will need control charts, Pareto charts, histograms and fishbone diagrams.

Pledge allegiance to science and evidence. It will make your life a lot simpler and easier to manage. And it only takes a little more rigor, not a lot more.

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