In the News

Decision-Making in the News

June 11, 2018

Business Analytics: The Essentials of Data-driven Decision-Making

When it comes to using data to drive business, Google and Facebook are iconic. Although a lot can be said about their practices with regards to topics such as privacy, ownership, and governance, there's no denying that they have been pioneering the field.
May 5, 2018

VW Group Boss Calls for Faster Decision-Making

The new chief of the Volkswagen Group, Herbert Diess, has said that the company must change from “a slow, lumbering supertanker to a powerful group of speedboats.”
May 3, 2018

The Science of Quicker Decision Making

A recent study shows that the human decision process works in such a way that our brain assigns a level of difficulty based on the initial information that is available.
April 26, 2018

For AI, the Human Brain Is the Goal and the Solution

While AI excels at a number of specific and niche applications, researchers and engineers ultimately want to move toward generalized artificial intelligence capable of learning, intuiting, and adapting like the human brain.
April 24, 2018

A Simple Tool to Start Making Decisions with the Help of AI

Better predictions matter when you make decisions in the face of uncertainty, as we all do constantly. Here, the author introduces a simple decision-making tool called the AI Canvas that begins with a prediction. Its interesting to see their recognition of the role that human judgment plays in it.
April 18, 2018

The Five AI Basics Every Business Executive Needs To Understand

Groupthink is a tricky concept. Irving Janis, a social psychologist credited as the first to develop the idea, defined it as a “psychological phenomenon in which people strive for consensus within a group.” At first Janis’ take on groupthink doesn’t seem so bad. After all, isn’t the point of meeting to gather folks together to come to an agreed upon decision about what needs to be done?
April 5, 2018

8 Simple Steps to Identify and Avoid Groupthink in Meetings

Groupthink is a tricky concept. Irving Janis, a social psychologist credited as the first to develop the idea, defined it as a “psychological phenomenon in which people strive for consensus within a group.” At first Janis’ take on groupthink doesn’t seem so bad. After all, isn’t the point of meeting to gather folks together to come to an agreed upon decision about what needs to be done?
April 3, 2018

Decision-Making is Shaped by Individual Differences in the Functional Brain

Each day brings with it a host of decisions to be made, and each person approaches those decisions differently. A new study by University of Illinois researchers found that these individual differences are associated with variation in specific brain networks.
March 29, 2018

Avoiding Groupthink

Smart management knows that groupthink is not a good thing. And when considering that business strategy is often the topic at hand, it can even prove dangerous to a company’s long-term financial health.
March 28, 2018

4 Key Parts to Making Great Decisions

Becoming a master at the Art of Decision-making cascades through everything you do. It's not incremental growth in your knowledge, it's exponential growth. Einstein described the power of compounding as the "eight wonder of the world" — and if you've ever crunched some numbers on a compound interest calculator you know how powerful compounding can be over time.