Reinhard Selten
It can be proved through experiments that people are not conscious of the reasons why they make a decision…People do not know what has influenced their decision and often invent reasons for their choice afterward. Only a small part of decision making reaches the conscious mind, while most decision making, just as most thinking, is below this threshold of consciousness. You know what you are … [ Read more ]
Content: Quotation | Source: strategy+business | Subjects: Decision Making, Thought
Alvin Toffler
I don’t think the issue is too much information. More important is decision overload. We believe that every person, or organization, can only make so many competent decisions in a given amount of time. Up until the point that we change our biology, there are some fixed limits on the speed by which we individually process information. However, there are enormously powerful tools by which … [ Read more ]
Content: Quotation | Source: Business 2.0 | Subjects: Decision Making, Information
Daniel Kahneman
If I had one wish, it is to see organizations dedicating some effort to study their own decision processes and their own mistakes, and to keep track so as to learn from those mistakes. I think this isn’t happening. I can see a lot of factors acting against the possibility of that happening. But if I had to pick one thing, that would be it. … [ Read more ]
Content: Quotation | Source: strategy+business | Subjects: Decision Making, Management
Dr. Larry Allums, director of the Dallas Institute
It’s better to choose and to choose wrongly than not to choose at all. Fence-sitters of this world have the worst of every fate.
Content: Quotation | Source: Fast Company | Subject: Decision Making
Clayton M. Christensen
The problem with the way we teach is that if a student makes a comment in class that isn’t grounded in the data in the case, the instructor is trained to crucify her right on the spot. And so we exalt the virtues of data-driven decision making. And then many of the students go to work for consulting firms where they carry data-driven analytical decision … [ Read more ]
Content: Quotation | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Decision Making, Innovation
Antonio Damasio, head of neurology at the Universi
Emotions get decision-making started, presenting the conscious, logical mind with a short list of possibilities. Without at least a little intuition, then, the decision process never leaves the gate.
Content: Quotation | Source: Business 2.0 | Subject: Decision Making
Admiral Radford
A decision is the action an executive must take when he has information so incomplete that the answer does not suggest itself.
Content: Quotation | Source: CEO Refresher | Subjects: Decision Making, Management
Henry Kissinger
High office teaches decision-making not substance. It consumes intellectual capital; it does not create it. Most high officials leave office with the perceptions and insights with which they entered; they learn how to make decisions but not what decisions to make.
Content: Quotation | Source: CEO Refresher | Subjects: Decision Making, Leadership
W. Douglas, US Supreme Court
90% of any decision is emotional. The rational part of us supplies the reason for supporting our predilections.
Content: Quotation | Source: CEO Refresher | Subjects: Decision Making, Personality / Behavior