Strategies for Smarter Thinking and Decision-Making in Organizations

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Explore the significance of dissenting viewpoints and diverse perspectives in decision-making processes, citing examples like Alfred Sloan's methods at GM and the benefits of having a devil's advocate. Learn the advantages of creating a culture where individuals feel safe to express their opinions and the impact it can have on fostering innovation and better decision-making.

Alex Edmans shows you how to think smarter, sharper, and more critically so you can make better decisions.

— YOU’LL LEARN —

1) How our biases are holding us back

2) The ladder of misinference that mucks up our thinking

3) Why we end up mistaking statements for facts

Subscribe or visit AwesomeAtYourJob.com/ep969 for clickable versions of the links below.

— ABOUT ALEX —

Alex Edmans is Professor of Finance at London Business School. Alex has a PhD from MIT as a Fulbright Scholar, and was previously a tenured professor at Wharton and an investment banker at Morgan Stanley. Alex has spoken at the World Economic Forum in Davos, testified in the UK Parliament, and given TED/TEDx talks with a combined 2.8 million views. He was named Professor of the Year by Poets & Quants in 2021.

• Book: Grow the Pie: How Great Companies Deliver Both Purpose and Profit

• Book: May Contain Lies: How Stories, Statistics, and Studies Exploit Our Biases―And What We Can Do about It

• Book site: MayContainLies.com

• Linked: Alex Edmans

• TEDx Talk: The Pie-Growing Mindset | Alex Edmans | TEDxManchester

• Twitter/X: @aedmans

• Website: AlexEdmans.com

— RESOURCES MENTIONED IN THE SHOW —

• Article: “Addiction Rare in Patients Treated with Narcotics” by Jane Porter and Hershel Jick

• Book: Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear

• Book: Deep Work: Rules for Focused Success in a Distracted World by Cal Newport

• Book: Grit: The Power of Passion and Perseverance by Angela Duckworth