Decision Making Process
topic on 2 shows · 3 statements across 3 episodes
3 statements about Decision Making Process, every show
Frank Rotman: Process is more important than short-term results in decision-making
“Recognize that the decision making process is more important because it's repeatable over time rather than being results”
Organizations must stop rewarding lucky outcomes resulting from bad decision-making processes
“And I think we need to stop rewarding good outcomes with bad processes because that's just luck. That's kind of a boneheaded decision that, that happened to turn out well. And we need to start either celebrating or at least normalizing good processes with bad …”
Howard Marks: Insulating children from mistakes leaves them vulnerable later
“Your kids will make mistakes, hopefully not lethal ones, and insulating them from making mistakes is not doing them a favor, because if they make their first mistake at five, And they improve their decision-making process, and they learn that mistakes don't ki…”