Saturday, June 18, 2016

A520.3.1RB_LeeDarrell - Decision Making Styles

It is understood that no two people are exactly the same. How could we be? We all developed differently. We have different home lives, different educators, different genes, etc. Therefore, the way that we think is different. No two people have been influenced exactly the same so it is no surprise that my approach to decision making may differ from others. An example of that from this class, even, happened just this week. For our group discussion, we were given a choice between two topics – either discussing creative problem solving or supportive communication. (I chose to discuss creative problem solving because it was easier to find quantitative research on the subject and also because it seemed that most of my classmates were posting about supportive communication and I wanted to bring a fresh topic to the group to break the monotony.)  

For this blog today, I was given a video to watch titled Decision-making strategies (2004). In the video, we were given a small set of words from which to choose that best described us. The words that describe my approach to making decisions is as follows:
·         Cautious (vs risk taking)
·         Logical (vs intuitive)
·         Influenced by others (vs self-motivated)
·         Rational (vs feeling or emotional)
·         Active (vs passive)
·         Assertive (vs quiet)
My approach to decision making has most certainly changed over the course of my career. For example, as I have grown professionally, I feel that I have learned to allow myself to be influenced by others a little more. That isn’t to say that I am not self-motivated to an extent. I have, however, accepted that the collective wisdom of the team typically is greater than my own wisdom.

I will openly admit one shortcoming that I have with decision making (and productivity in general). I am a procrastinator. I used to joke around as say that I procrastinated because if you wait until the last minute to get something done then it only takes you a minute to do it. The truth is that I tend to procrastinate because I sometimes am afraid of making the wrong decision. Due to my rational, cautious, and logical nature – all traits that I believe that I inherited from my mother as she is exactly the same – I often delay action to the point to where it often seems rushed and reactive.

I was recently encouraged to learn a common trait shared by original thinkers. Adam Grant a professor of management and psychology at the Wharton School of the University of Pennsylvania. I met him about a year and a half ago when he was speaking at a school recruiting expo here in Manhattan. After meeting him, I started following him on his social media sites and, of course, I searched his TED Talks. Grant (2004) points explains that one unique quality shared by “original” thinkers – those that seem to come up with the most revolutionary ideas – is that they procrastinate just a little. He brings up some very interesting points. In industry, “first movers”, Grant points out, have a failure rate of 47%. “Improvers”, on the other hand – us procrastinators who would rather observe what is happening and just expand on an idea – have a failure rate of only 8%. (Unfortunately, I do now know exactly where he obtained that data but I do trust it to be accurate due to his credibility.) There are some very prevalent names in various industries today that actually prove this point. Think of Facebook. Mark Zuckerberg waited for a great idea to come along and then enhanced it. Think of hybrid cars. The first hybrid car was actually developed in 1976 by Toyota (HybridCars.com, 2011). However, it took Honda until 1999 to release the Insight to the market which is probably the first hybrid car that we all remember. All of this isn’t to say that we can justify procrastination. It is, rather to say, that it is okay to be a cautious decision maker. It is okay for me to collect data and process it and take more calculated risks rather than to act impulsively. It is okay for me to make decisions the way that I do.

One final point before I close, though. It is also okay to fail. Professor Grant also explains how great orchestral works are discovered. He states that “even the three icons of classical music – Back, Beethoven, Mozart – had to generate hundreds and hundreds of compositions to come up with a much smaller number masterpieces” (Grant, 2004). It is okay to come up with ideas that fail to find the ones that don’t. This, unfortunately, is an area where my cautiousness may hold me back. I need to learn to be more accepting of failure. That will be my goal this week – to be courageous with my ideas and to be okay with failing.




Decision-making strategies [Video file]. (2004). In Films On Demand. Retrieved June 18, 2016, from fod.infobase.com/PortalPlaylists.aspx?wID=-1&xtid=34513

Grant, A. (2016, Feb). Adam Grant: The surprising habits of original thinkers [Video file].            Retrieved from    http://www.ted.com/talks/adam_grant_the_surprising_habits_of_original_thinkers


History of Hybrid Vehicles - HybridCars.com. (2011). Retrieved June 18, 2016, from             http://www.hybridcars.com/history-of-hybrid-vehicles/

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