GOOD LEADERS MAKE BAD DECISION.ppt

Post on 25-Oct-2015

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Transcript of GOOD LEADERS MAKE BAD DECISION.ppt

How the Brain worksPattern RecognitionEmotional taggingRed Flag ConditionsSafeguarding against

biases

Depends on two processesPattern recognitionEmotional tagging

Both normally reliable and part of evolutionary advantage

Integrates information from as many as 30 different parts

Makes judgment based on previous experience

Can also mislead us.

Emotional information attaches itself to the experiences

This information tells us what sort of action to be done

Any damage to the part that control emotions can lead to slow and incompetent decisions

Can mislead as well Eg : Wang Laboratries

Most of the mental work is unconsciousBrain does not follow the classical textbook

modelRelies only on pattern recognition and

emotional tagsDo not revisit our initial assessment

Inappropriate self-interest

Distorting attachments

Misleading memories

Injecting fresh experience or analysis

Introducing further debate and challenge

Imposing stronger governance

Should incorporate checks in decision making

Involve someone else with no self-interest

Finding ways to safeguard against biases

QUESTIONS??