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Archive for the ‘Business’ Category

Elements of a major business decision

Posted in Argument, Boards, Business, Decision Making, Deliberation, Evidence-based decision on December 9, 2010 | 6 Comments »

The crime of murder has a set of elements – key things which must be established. Similarly, there are elements for major business decisions.

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Bitten by assumptions

Posted in Argument, Assumptions, Business, Decision Making on November 29, 2010 | Leave a Comment »

Two recent articles in the business press underscore the importance of unearthing and challenging the assumptions which are shoring up your inferences.  They also provide fascinating insights more generally into organisational decision, a topic which always becomes more interesting when things go badly wrong. The first, Potash: The deal that didn’t have to die appeared in [...]

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Dangers of Datacentrism

Posted in Business, Critical Thinking, Datacentrism, Decision Making, Research, Thinking on May 7, 2009 | 3 Comments »

A common decision making trap is thinking more data = better decision – and so, to make a better decision, you should go out and get more data.   Let’s call this the datacentric fallacy.   Of course there are times when you don’t have enough information, when having more information (of the right kind) would [...]

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Everyweek decisions

Posted in Business, Decision Making on January 8, 2008 | 1 Comment »

In a nutshell: describes the distinctive character of decisions managers or executives must make on a weekly basis. It is a curious fact about the English language that the second most common word (“of”) occurs about half as often as the most common word (“the”); the third most common word occurs 1/3 as often as [...]

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Clichés have a silver lining

Posted in Business, Language on June 19, 2007 | Leave a Comment »

 The Telegraph is carrying a piece, At the end of the day, you’ve given 110 per cent, which mocks clichés – and implicitly, those who use them.  The piece contains ten or so winning entries in a competition to cram the most cliches into a short text. Interestingly, the word “cliché” doesn’t appear in the [...]

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