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Ecaterina Sanalatii

Consultant, MooD International

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What is the key to smarter decisions?

My question to the TED community is what is the key to smarter decisions?

As individuals, how can we make smarter decisions in everyday life?
How is this different in business decision making?
Can we help others make a better decision or should this be done out of own will?

Topics: Decisions Smarter better life decision making
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    Allan Macdougall 50+

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    Oct 3 2012: A smart business decision is usually one that uses logic and objectivity.

    A smart decision where people are concerned is completely different, in that one would then be dealing with subjectivity, emotion and other fallible human traits.

    The difficulty is when the two get mixed up as they often do in the business environment. Emotions, generally speaking, do not mix well with modern business practices. And conversely, people should never be objectified.

    The real trouble starts when people's livelihoods are wrecked by clumsy decisions based solely on objective criteria, rendering them effectively 'disposable' like a worn out machine part.

    Intuitive (gut feel) decision making is also important for individuals. Generally, more intelligent decisions are made by individuals than they are made by teams, or groups of people.

    • Louise Nelson

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      Oct 17 2012: Allan, your comment reminds me that I wish more business leaders would consider that if they're not investing in developing human capital they're likely to waste a lot of valuable resources - and not make as much money as they could otherwise.

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