The five hidden traps in decision making – and how you can avoid them
Being a strategic leader isn’t easy. Every day you’re faced with multiple decisions, knowing that a single mistake can damage both your company’s fortunes and your own. These choices can also have a serious impact on team morale, with studies showing that poor managerial decision making is the number one reason for employees handing in their notice. Meanwhile, scientific research has revealed several psychological traps hardwired into our brains can affect the decisions we make. So let’s look at these pitfalls and how you can avoid them. 1. Sticking with the status quo and the fear of upsetting the balance People inherently fear change. Either consciously or subconsciously, we don’t want to upset a perceived balance in business or life. [...]