How can you balance intuition and analysis in your decision-making?

Intuition draws from deep expertise and experiences is valuable in uncharted situations. For instance, a senior strategist might sense the potential of an innovative healthcare model based on past successes. Publications like Gary Klein’s “The Power of Intuition” emphasise balancing intuition with data. Recognising and managing personal biases and emotions is crucial in the decision making process.

En la vida moderna, trabajar demasiado con un tema nos hacer ser más eficiente y perspicaz, sin embargo, someter los temas ante el análisis de consejero sin intereses o con intereses en el tema nos permite ser mas asertivos.

Every decision we make (in business and life) is a mixture of gut feeling and information that we process (analytics) Data is king these days. If you have the right data and extract useful insights, you can... theoretically reduce reliance on instinct. However, the reality is that you never know all the details, and it is rare to have all the information... To grow you'll have to take some bets. This means gut feeling will always have a role to play in the business world.

Para equilibrar intui??o e análise na tomada de decis?o, siga o conselho de Daniel Kahneman, psicólogo e economista: "Pense devagar e rápido". Use a intui??o para gerar hipóteses e insights rápidos (Sistema 1), mas valide essas hipóteses com uma análise cuidadosa e lógica (Sistema 2). Este equilíbrio permite que você beneficie da rapidez e criatividade da intui??o enquanto minimiza erros por meio de uma avalia??o crítica e baseada em dados.

While adopting an analytical approach is essential, it's important to balance thorough analysis with timely decision-making. In my opinion, setting clear criteria for when to conclude your analysis can help prevent paralysis by analysis. For instance, establishing specific data thresholds or decision deadlines ensures you gather enough insights without getting bogged down. This approach allows you to make informed decisions efficiently, leveraging analysis without delaying action.

The key to the analytical approach is data. You need to collect the right data, structure it properly, sort it, extract insights from it, and you need to continuously maintain it. It's a lot of effort. But if done properly, data has a clear ROI if you apply an analytical approach to your long term business goals.

From my experiences, I understand that by integrating both formal analysis and intuition, decision-makers can leverage the strengths of each approach, leading to better decisions. First, a data-driven approach is essential to underst problems and possible solutions - it helps to quantify variables, and evaluate the outcome of a number of known solutions. On the other hand, intuition will add your own experiences and instincts to the process, it will add a more personal perspective that may be essencial in some more complex decision processes. During my career, often dealing with new tech and innovation, I see that intuition is key into the creativity process - it will enable thoughts and connections that data alone might not suggest.

Could you reaffirm each case and the need for a change decision? This is an essential first step because people often need help to make decisions, even when the evidence is clear. You must demonstrate the dissatisfaction and pain of not making a decision and a clear vision of the desired outcome. Could you address the reasons for resistance and the urgency of the decision? The most difficult cases are those in which your intuition tells you that you should look ahead for new growth opportunities because the market landscape is new and there is limited quantitative data. Feel free to use your intuition here.

Con la mezcla se puede obtener buenos frutos si se tiene experiencia., en los temas a tratar, dado que la experiencia nos permitirá hacer mejor uso de la intuición.

Desde que comecei a empreender considero três pontos de equilíbrios. O ponto de equilóibrio financeiro, o ponto de equilíbrio ecn?mico e ponto de equilíbrio emocional. O ponto de equilíbrio emocional é sobre avaliar se nas decis?es de negócio você leva em considera??o se s?o valores inegociáveis est?o sendo respeitados. Isso signigica que o Lucro Financeiro só valerá a pena se estiver em alinhamento com o lucro emocional.

Consider a race car driver with their foot firmly on the gas, pushing the vehicle to its absolute limits. The instrumentation indicates that the engine is overheating. The data tells them to pull over. However, the driver is aware that he is on the last lap. Pulling over would guarantee a loss, so they continue and win the race. Data informs intuition but isn't the only factor influencing your decisions. A leader must consider data concerning timing, the company's objectives, values, mission, and next steps.

Siempre y cuando hay tiempo suficiente el enfoque analítico es superior en resultado a la intuición, si el tiempo es corto, siempre habrá un margen para hacer algo mejor que la ultima vez, si el tiempo no es suficiente nunca se debe de hacer una revisión transversal de toda la cadena de mando.

When Volkswagen engineers decided to cheat emissions testing by altering software, the consequences were disastrous. They analyzed the data, discovered that their vehicles did not meet the targeted emissions criteria, and chose a solution of modifying software to pass tests. The step they missed was to align their actions with the company's values. In the end, Volkswagen lost billions of dollars due to a mistake. Intuition is not a silver bullet solution gifted leaders use with crystal balls. It is the result of experience, knowledge, and preparation. When critical moments arise, leaders who evaluate, analyze, and align are equipped with the resources to make the best decision quickly.

Reflecting and learning from outcomes is indeed a valuable practice. In my experience, regularly reviewing past decisions helps refine both intuition and analytical skills. For example, conducting a post-decision analysis can highlight how intuition and analysis each contributed to the results. This reflection not only improves future decision-making but also enhances your ability to trust and fine-tune your gut instincts. Over time, this process builds a more reliable and effective decision-making framework.

In Healthcare, inpatient care management bias can lead to the overlooking of alternative diagnoses. However, we have powerful tools at our disposal to counteract this. Publications like ‘Thinking Fast and Slow’ by Daniel Kahneman offer insights into cognitive biases, while the Six Sigma method emphasises the importance of data-driven decision-making. By incorporating diverse perspectives through multidisciplinary teams, we can ensure comprehensive and unbiased analysis, leading to better outcomes.

Challenge your assumptions. Before diving into data analysis, leverage colleagues and AI to test your initial thinking. This helps uncover blind spots and fosters an open mindset, leading to more effective solutions.

Another crucial aspect to consider is the impact of external factors on your decision-making. Market trends, economic conditions, and technological advancements can all influence the effectiveness of your choices. For example, a strategy that worked well in a stable market might need adjustment in a more volatile environment. By staying aware of these external influences, you can better balance intuition and analysis, ensuring your decisions remain relevant and effective.