From the course: Problem-Solving Techniques

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Navigate team decisions

Navigate team decisions

From the course: Problem-Solving Techniques

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Navigate team decisions

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- When you are making a decision, when you are choosing between possible options for solving a problem, should you make the decision on your own, or should you consult other people? Well, consulting others does take longer, and some leaders think it makes them look weak. But even if you're cleverer and more experienced than the others, which might be why you're the boss, you will still get a better decision if you consult other people. So you should, if you possibly can. There's an effect called the wisdom of the crowd, which says that if you want to estimate the number of, say, coins in a jar or the cost of a project, or the profit from an investment, the more people you ask, the more accurate the answer will be. If you can get 100 friends to estimate the coins in the jar, and then you take an average, it will be spot on. In fact, just 10 people will get it pretty good. Probably good enough to win the competition.…

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