08 Mar 2008 12:28:38 | Bob Cannon
Malcolm Gladwell, author of Tipping Point, has gone to the Best
Seller list once more with his new book Blink. I don’t want to
take anything away from Malcolm because he is a proven best
selling author, but how does it happen that a book about
decision-making rises to the status of best seller when there
are dozens of other books on the subject that never seem to get
much past the list of required reading for students?
Maybe a part of the reason for the success of this book can be
found in an October 2004 report from Teradata, a division of NCR
Corporation. That report proclaims that, “Business
decision-making is in crisis. The overwhelming majority of
respondents, more than 70 percent, say that poor decision-making
is a serious problem for business. The top casualties of poor
decision-making are profits, company reputation, long-term
growth, employee morale, productivity and revenue.”
A decision-making book that didn’t make the Best Seller List is
Why Decisions Fail, by Paul C. Nutt. In his book, Nutt explains
the magnitude of the problem when he writes, “decisions fail
half of the time.”
If “decisions fail half of the time,” negatively affecting
profits, growth, morale, productivity and revenues, the evidence
would seem to indicate that interest in Decision- Making may be
reaching the Tipping Point where it will become the hot new
topic in business. Just think about the competitive advantage an
organization could gain if they could improve their success rate
to even 75% while their competition was still at 50%.
There is also growing evidence that making decisions is becoming
even more difficult. J. Edward Russo and Paul J. H. Schoemaker
in their book Winning Decisions, point out that we are inundated
with information, facing rapid change and rising uncertainty. We
have few historical precedents, more frequent decisions, more
important decisions, conflicting goals, more opportunities for
miscommunication, fewer opportunities to correct mistakes and
higher stakes. All this is contributing to even more difficult
decision-making.
It would appear that our existing methods for making decisions
are inadequate in today’s fast paced, techno enhanced, highly
competitive world and the time is right for a new approach that
facilitates better decisions…faster. The question facing us then
is, To Blink or not to Blink, that is the question. Does
Gladwell have a better solution?
In Blink, Gladwell mixes scientific research with idealism to
suggest that intuition is often superior to reasoned thinking.
Richard A. Posner, judge of the United States Court of Appeals
for the Seventh Circuit and a senior lecturer at the University
of Chicago Law School, suggests that there are two types of
thinking. One is intuition or hunches, snap judgments, emotional
reactions, and first impressions--in short, instant responses to
sensations. The second type of thinking is reasoned or
articulate and is the domain of logic, deliberation, reasoned
discussion, and scientific method. Reasoned or articulate
thinking is the model of rationality, while intuitive thinking
is often seen as primitive.
There are numerous examples in Blink of what, on the surface,
might appear to be intuitive thinking. Posner on the other hand
suggests that there are many instances when the answer appears
in a flash like intuition, but are in fact are the result of
deliberative processes that have become unconscious simply by
becoming habitual.
Gladwell and Posner agree that we are drowning in information.
They also agree on unconscious cognition regardless of whether
from intuition or experience and habit. Most importantly, they
have both created more awareness of the real problem – the need
for an approach to decision-making with improved results.
About Author :
Byline Bob Cannon helps visionary leaders and business
decision-makers build Positive Momentum through better
decision-making and implementation. Check out other interesting
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www.cannonadvantage.com . Bob can be reached at (216) 408-9495
or mailto: bob@cannonadvantage.com