Strategic Decisions in Deceptions and Distortions
Post date
May 11, 2017
Body
This article in McKinsey Quarterly by Dan P. Lovallo and Olivier Sibony examines how companies are vulnerable to misconceptions, biases, and lies.
Errors in strategic decision making can arise from the cognitive biases we all have as human beings.1These biases, which distort the way people collect and process information, can also arise from interactions in organizational settings, where judgment may be colored by self-interest that leads employees to perpetrate more or less conscious deceptions"