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.
How fundamental governance changes within corporations can enhance accountability and increase investor confidence
More than one in eight risk managers believe that they are ignored by their employer, according to data from Whitehead Mann, the City headhunter.
The firm spoke to more than 50 professionals involved in compliance and internal audit at companies in the FTSE 100 and found that half of them did not believe that they had sufficient influence to manage risk properly at their organisation.
Turning around failing projects … faltering organizations … struggling industries … a challenged economy … for CEOs and CPOs, it’s a great opportunity to put the logic of project management into play. Where old-school management and processes have failed us, it’s time to put some new thinking in place. That should be every leader’s game plan for 2009.