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Enter the Boardroom with Nurole
46. Dr Shefaly Yogendra - Decision-making: how boards make good decisions (and avoid bad ones)
Oct 31, 2023
Dr Shefaly Yogendra, Chair, NED and Advisor with a PhD in decision-making, discusses promoting good decision-making frameworks, managing biases, embracing discomfort, retrospecting past decisions, and navigating conflicts of interest in boards. Lightning round insights add a fun twist to the conversation.
46:13
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Quick takeaways
- Implementing structured decision-making processes enhances board outcomes.
- Establishing psychological safety fosters open discussions and constructive dialogues in boardrooms.
Deep dives
Decision-Making Process Structured Approach
Implementing a structured decision-making process is crucial for effective outcomes. The speaker emphasizes the importance of understanding the problem thoroughly, gathering relevant information, exploring multiple options, and then narrowing down choices. Attention to decision-making timing, fatigue, and excessive options is highlighted to enhance the quality of decisions.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode