Walter Frick
To make a good decision, you need to have a sense of two things: how different choices change the likelihood of different outcomes and how desirable each of those outcomes is.
Content: Quotation | Author: Walter Frick | Source: Harvard Business Review | Subjects: Decision Making, Management
Are Successful CEOs Just Lucky?
It’s safe to say that CEOs are, overall, a talented bunch, but that’s not what separates them from other professionals, nor is it the main reason their firms succeed or fail. Certainly it doesn’t come close to explaining why they’re so well paid. Put another way, CEOs matter, just less than many people think. Instead, luck, and yes, bias, play a far larger role in … [ Read more ]
Content: Article | Author: Walter Frick | Source: Harvard Business Review | Subject: Corporate Governance