Given the sheer number of decisions we face every moment of every day, we have to make assumptions. Will that driver come to a full stop or run the light? Will my partner show up on time or be late again? Will our kids’ schedules be the same as last month – or different? In …
Continue reading “Managing Hidden Assumptions and Biases”
One of the greatest benefits of developing a framework of core values is that decision making can be decentralized.
Everyone has a preferred decision-making style. Knowing your style can give you more insight into why you make the decisions you do and help you to improve your decisions.
Boards of directors clearly have ultimate decision-making authority for everything under their guidance. But in actual practice, many boards don’t exercise that authority. Staff often drafts a recommendation and brings it to the board to ratify. This may be efficient, but it casts the board in the role of “rubber stamping.” Over time, this erodes …
Continue reading “Sharpening the Focus for Boards of Directors”
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