"It's a gut-wrenching decision, " said James Gaston, a member of Newtown's Board of Selectman and a task-force member.
Step 1- Introspection on your self and your leadership Team: Are you making Growth using dataevidence based decisions or are you gut-happy decision-maker?
Back in the real world, the Seoul government announced on Nov. 21 that it had made the gut-wrenching decision to seek emergency aid from the International Monetary Fund.
Even if we get through the next week without panic, my gut feeling is that this decision is a bad one and the Europeans should have chosen from the other two options on the table.
FORBES: Cyprus Depositor Tax: Genius Plan or the End of the Euro?
To stand up in court and say you made a decision based on what your thumb or gut told you is to invite damages.
WSJ: Matt Ridley on Gut Feelings and the Writings of Gerd Gigerenzer | Mind & Matter
One cannot even begin to imagine what kind of evidence would be dispositive of such an assessment, unless we adopt rationing policies such as in the UK. Thus, the decision will revert to the completely unpredictable gut instinct of these experts, which historically has been to reject innovation.
FORBES: To Ensure Ongoing Investment In Medical Innovation, Repeal IPAB
There by, many business professionals are finding themselves having to either learn how to optimize those decision using data or make decisions based on gut.
After Gerstner granted approval for a new, independent software business, the organization's first decision -- described by insiders as "gut wrenching" -- was to put its key software products, most notably CICS, MQSeries and DB2, on its competitors' platforms, specifically Microsoft's NT.
Matt Ridley has a nice column about why intuition, gut feelings if you like, can work so well in decision making.
FORBES: Why Rules of Thumb, Intuition, Gut Feelings, Work in Business Decisions
Vance told victims' relatives who were in court that she read their "truly gut-wrenching" written statements and factored their words into her decision.
Which is, I would submit, why gut feelings and rules of thumb from experts in their field are so useful as a method of business decision making.
FORBES: Why Rules of Thumb, Intuition, Gut Feelings, Work in Business Decisions
The next time you consider a decision between doing something new--innovating--and cutting costs, think about why your gut wants you to choose the latter.
应用推荐