Four tests McKinsey authors Andrew Campbell and Jo Whitehead ask managers and leaders to do before engaging in an instinct-based decision making process. Doing a Familiarity, Feedback, Measured-Emotion and Independence tests do trigger events that would allow the human mind to be more conscious! The article does not specify what types of instinct based decisions should be scrutinized by such tests, They’ve been offered as a general framework to follow. Decisions that are to be taken promptly are the high risk ones that if a leader does not train or fine tune his guts-decision making, then, consequences will be unexpected as well miscalculated.
Leaders should try Campbel and Whitehead tests and monitor the quality of their decisions over time. I urge you to read the full article at McKinsey Quarterly site here.
… Very interesting Q&A session with Mr.Beer on his High Commitment High Performance concept. A must read article. Mouaz. “With many companies battered by the economy, commitment from leaders and employees might seem like increasingly precious resources. Yet commitment and
” Financial metrics are useful and necessary, but they only tell part of a story. Number-crunching analysts love financial metrics because they measure results clearly, but as a manager, it’s your job to influence the inputs that drive those results.
” “Accountability” is a favorite word to invoke when the lack of it has become so apparent – such as now, with the global financial crisis. It is also a loaded word and political football in major sectors crying out
‘… Harvard talks candor, Jack Welch repeatedly stress on candor. However, we barely witness it in practice! Academia and Practice are full of failures and frauds in Enron, Lehman Brothers … But where are the successful role models which instill
[BusinessWeek] It’s important for directors to understand the risk culture because it influences the decisions of management and employees, even unconsciously