Are you considering a major building project? An addition to your home? An information technology overhaul for your business? If so, be acutely aware of the planning fallacy — and try to avoid its pitfalls. Optimism bias may well be the most significant of all cognitive biases. Read on at https://prismdecision.com/the-planning-fallacy-and-optimism-bias
Small- and medium-sized businesses often run micro retreats that compress strategic planning into a day or less. Too often, these retreats are poorly executed: there has been little preparation and the decision-making process is opaque. Alternatively, a successful micro retreat depends upon four key factors: a lean strategic planning process, preliminary research and detailed preparation, dynamic group process and skilled decision support, and strong, consensus agreement to act. This post uses a case study from the credit union sector to illustrate each of these factors and demonstrate how to run an effective strategic planning micro retreat.
Sir Ken Robinson’s fascinating, thought-provoking and highly engaging animated narrative of the history of formal education, its current failures and a better path forward. The presentation was given upon the occasion of his receiving the Benjamin Franklin Medal by the Royal Society of Arts in London at https://prismdecision.com/ddy
I firmly believe that having more options is preferable to having fewer options. On the other hand, just about every time I go to the grocery store, I wish there were fewer choices. So I am conflicted: my training and belief system tell me the more options, the better; my experience, sometimes just the opposite. Research now validates the conflict I experience. In fact, Columbia researcher Sheena Iyengar asserts that having too many options results in poorer decisions. Read on at https://prismdecision.com/z4x.
View the Monkey Business Illusion and test your susceptibility to inattentional blindness at https://prismdecision.com/2lf
It is historical continuity that maintains most assumptions — not repeated assessment of their validity. – Edward DeBono, Lateral Thinking
Creativity often requires assumption busting: identifying key assumptions, ruthlessly questioning their validity, generating new assumptions, and then asking ‘What if?’