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Posts Tagged ‘Mistakes’

Management biases: handling human blunder

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Biases

Succeeding in today’s business environment involves not only having a strategy designed in a way that ensures the company’s success, but also using the proper methods to make sure the strategic decision-making process will be as accurate as possible. In order to arrive at such a result, managers should be aware of the biases that can appear within organizations and what techniques they can use to control or reduce them.

When management fails: Turning error into performance

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Management errors

When discussing about management errors, Eleanor Roosevelt said it best: “Learn from the mistakes of others. You can’t live long enough to make them all yourself. ” If we analyze the decision making process in companies all over the world,  we find that mistakes are common, but what makes the difference between an excellent and an average manager, is the ability to find solutions for errors and learn from  others’ mistakes.

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