By Marcella de la Torre Special to the Star Tribune DECEMBER 6, 2020 — 2:00PM Q: Why is it important to invest in visioning and strategy to help manage change? A: Change is very difficult. It is frightening and at the same time unsettling. When there is a lack of vision and strategy, change is even harder to manage.…
The self-serving bias causes us to see things in ways that support our best interests and our pre-existing points of view.
The overconfidence bias is our tendency to be more confident in our ability to act ethically than is objectively justified by our abilities and moral character.
We hate losses about twice as much as we enjoy gains, meaning we are more likely to act unethically to avoid a loss than to secure a gain. This phenomenon is known as loss aversion.
Moral decision making is the ability to produce a reasonable and defensible answer to an ethical question. If you have not yet seen Part 1 on Moral Awareness, you can watch that video here. This video discusses how to apply those lessons. Here are links to the entire Being Your Best Self series:
BY ETHICAL SYSTEMS It is easy to see the faults of others, but difficult to see one’s own faults. One shows the faults of others like chaff winnowed in the wind, but one conceals one’s own faults as a cunning gambler conceals his dice. (Buddha, the Dhammapada) Why do you see the speck in your neighbor’s…
An Ethical Systems Book Review BY DAVID NEWMAN Nudge: Improving Decisions About Health, Wealth, and HappinessRichard H. Thaler, Cass R. SunsteinPenguin Books, Revised & Expanded edition (2009) (public library)Summarized by Erick Rabin Introduction Choice Architecture involves organizing any context in which people make decisions. Urinals, stairwells, alarm clocks, school cafeterias, retirement accounts—all of these can be made…
An Ethical Systems Book Review BY DAVID NEWMAN Sidetracked: Why Our Decisions Get Derailed, and How We Can Stick to the Planby Francesca GinoHarvard Business Review Press (2013) (public library)Summarized by Jennifer Fang Overview The adage “the best laid plans of mice and men often go awry” succinctly summarizes the difficulties of executing even the most…
Most business leaders know that their companies may face fines if they miss a regulatory requirement. They’re also aware of potential lawsuit damages and related costs. But many have not heard of debarment. Debarment is the legal loss of certain privileges. For businesses, debarment typically refers to the right to interact with the government in…
“The Self-Evolved Leader was written to take you on a journey, from making the critical shift in perspective needed to break the cycle of mediocre leadership, to building a foundation for effective leadership, strengthening the disciplines you need to deliver great leadership, and ending with a plan for mastering and sustaining leadership” (McKeown, 2020, p.…
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