Distortions and Deceptions in Strategic Decisions

Distortions and Deceptions in Strategic Decisions

Several ideas to avoid the main decision-making traps.

Author(s): Dan P. Lovallo, Olivier Sibony

Publisher: McKinsey Quarterly

Date of publication: 2006

See this article on the publisher’s site [McKinsey&Company]

Summary

This article focuses on the main decision-making traps, whether their causes are psychological or linked to divergent interests between managers and companies, and suggests several ideas to avoid these pitfalls.