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9 decision-making traps

If you are about to take a serious decision make sure you don’t fall into one of these traps:

• Hurrying: Making a decision hastily, without taking all the necessary information into account.

• Disorientation: Having difficulty in prioritizing needs and assessing relevant data.

• Lack of definition: Inability to define a problem or listen to other people’s opinions.

• Overconfidence in our judgment: Failure in examining real evidence due to the overconfidence in our judgment.

• Dependency on "empirical rules": such as unreserved trust to the available information or excessive persistence on convenient facts.

• Team failure: Hypothesizing that a team of many intelligent people will come to the right decision automatically, and therefore, the process of managerially working together to make a decision is overlooked.

• Failure in understanding the facts of previous results as to their true meaning either by being selfish or by setting wrong targets.

• Lack of observation: The hypothesis that experience has automatically taught a lesson, thus, systemically following and analyzing results deriving from the implementation of a decision is unnecessary.

• Lack of decision-making process control: Avoiding to systematically assess and understand the way you make decisions, thus being suspectable to falling in the 9 traps mentioned above.

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