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19min chapter
459: Professor of Finance at London Business School, Alex Edmans, on Facts, Data, and Evidence: Knowing What to Trust or Can We Really Trust Evidence?
The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving
Navigating Conflicting Advice and Ethical Decision-Making in Business
The chapter provides strategies for navigating conflicting advice from experts in business decisions, emphasizing the importance of evaluating credentials, track record, and biases. It also discusses the significance of prioritizing clients' best interests over short-term gains to build trust and avoid negative consequences in the long run. Additionally, the chapter delves into the role of incentives in various industries, highlighting the importance of ethical decision-making and fostering a culture of dissent to encourage diverse viewpoints for better decision-making.
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