Tag: cognitive biases

Leadership

First Principles Based Leadership: The Hidden Risks of Data-Driven Decisions

In the past few years, we have seen a huge proliferation of data. With this amount of data being available, the expectation of data driven decision making has peaked as well. However, in my experience, just using data to make decisions is a trap and can lead to some bad decisions. Availability bias The first trap is to think that he data that we have is all the data there is. Most of the times, the data we have is the one’s that is easy to collect, store and make sense of. It is not necessarily the most important or […]

Personal Growth

Imagination – Our Greatest Strength and our Greatest Weakness

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One of the greatest strengths of the human race is also one if its weakest link. Our ability to imagine is the source of all the innovations around us that has made our lives and our species so dominant in the also what causes us to trip in a lot of our pursuit. Imagination can be both productive and destructive.  We could end up living in our imaginary worlds and never see the reality. This is the reason why so many of us (individuals and organisations) are never able to realize our potential. We are unable to get out of […]

Leadership

Making Choices – The Most Important Job of a Leader

Seth Godin published a blog about Choices and how these choices define the kind of people we become. As an entrepreneur or a business owner, it is even more important to understand and improve how we create and make choices. It is in fact the only thing that a business owner is responsible to do – to make choices – whom should he hire; should he hire or not; what work to do himself and what to outsource or delegate; which project to start and which one to stop; which one to ship and when; should he take funding from a VC or to […]