good leaders make bad decision.ppt
DESCRIPTION
organization behaviorTRANSCRIPT
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How the Brain worksPattern RecognitionEmotional taggingRed Flag ConditionsSafeguarding against
biases
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Depends on two processesPattern recognitionEmotional tagging
Both normally reliable and part of evolutionary advantage
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Integrates information from as many as 30 different parts
Makes judgment based on previous experience
Can also mislead us.
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Emotional information attaches itself to the experiences
This information tells us what sort of action to be done
Any damage to the part that control emotions can lead to slow and incompetent decisions
Can mislead as well Eg : Wang Laboratries
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Most of the mental work is unconsciousBrain does not follow the classical textbook
modelRelies only on pattern recognition and
emotional tagsDo not revisit our initial assessment
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Inappropriate self-interest
Distorting attachments
Misleading memories
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Injecting fresh experience or analysis
Introducing further debate and challenge
Imposing stronger governance
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Should incorporate checks in decision making
Involve someone else with no self-interest
Finding ways to safeguard against biases
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QUESTIONS??