WiB Management Thinking Mistakes

App

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“Though an Idea of having such an iphone app (or a family of apps) can be great. … I think it can popularise and make this methods more accessible and easy for iphone users in a variety of decision they are making every day.

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“This is an inspired and useful tool - very engaging and stimulating!”

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“This is a brilliant idea and it is an application that I plan to use regularly. As a journalist, I encounter bias on a daily basis. The bias is apparent in everything from government documents to the thinking of people whom I interview for stories. And, of course, there is surely bias in my own writing, though it is not at all easy to recognize it. How great it would be to have a service on my Iphone that would warn me when I have gone astray.”

managementthinkingmistakes.ch

Unfortunately, the issues that I deal with (i.e. drugs and mafia) are not exactly normal, so maybe my experiences will not be good examples, or at any rate, they will not be interesting and pertinent to most people. Nonetheless, I will tell you about one topic of discussion with which I am familiar, and which is difficult to discuss without parties to the discussion demonstrating bias, both negative and positive. That topic is organized crime. It seems to be difficult for many people to believe that organized crime is involved in the financial markets, or that organized crime even exists anywhere other than in the movies. Their bias is to believe that all people are honest and good. This is especially the case when it comes to the financial markets, as most people believe that financial operators are sophisticated, highly educated people, and that such people are (by definition) not criminals. I could see this as being a dangerous bias for some people who are making decisions about whether to go into business with certain financial operators without considering the possibility that those financial operators are criminals, or even organized criminals. I know of many business people who have allowed others to invest in their companies, only to learn later that their investors were, in fact, organized criminals who planned not to help the companies grow, but rather intended to destroy the companies for profit. Similarly, people often make decisions to invest in the stock of publicly listed companies believing that those companies are run by honest people who want the companies to grow and the stock price to increase, when actually the owners of the companies are organized criminals who just want to "pump and dump" the stock (meaning they initially increase the stock price, but they ultimately drive the stock price to zero before investors have a chance to know what is happening and recoup some of their losses). For the investors, this is definite "success" bias, believing that their investments will increase in value, while the odds are usually against them (especially if they are handing their money to people who intend to steal it). Conversely, people (like me) who investigate crime for a living tend to be biased towards believing that everything is rigged by criminals, hesitating to make any investment or to trust anyone for fear of being robbed. This is an over-cautious bias. If I were ever to become an entrepreneur, I would be biased towards believing that my company would have no chance against the sophisticated criminals or cartels, though the truth is probably that the company would have at least some chance. As a journalist, I harbor a bias towards believing people are guilty, and it takes some effort to be fair and assume that all people are innocent until proven guilty. More broadly, there seems to be stark divide between "conspiracy theorists" who are biased to think everything is a conspiracy, and "skeptics" who are so biased as to be convinced that there is no such thing as a conspiracy--that conspiracies simply do not occur. The truth is probably somewhere in the middle, but human beings, as a rule, do not think in terms of the middle. They gravitate towards either-or, as is also evident in politics (everyone on the left or on the right, but nowhere near the truth, which is somewhere in the middle). Even knowing their bias, it is difficult for people to correct the bias and adopt more even-minded points of view. It would be great to have an Iphone ap that told us what to think!

About Biases in organized CrimeThoughs by investigation journalist - Mark Mitchell

“I m quite intrigued by the fact that you are working, with this app on dilemmas, decision making, mistakes etc … I m starting at Harvard in the Fall: http://www.extension.harvard.edu/courses/modern-dilemmas-corporation-twenty-first-century

Noel Jones,Ph.D., Visiting Professor at Stamford International University, Bangkok, Thailand; and The National Economics University, Hanoi, Vietnam and was a former staffer with both the World Bank and International Monetary Fund, where he studied the development of Asean.He is an International Business and Management Consultant with degrees in Biology, International Development,and a Ph.,D in Management and Psychology.he has published books and articles in the fields of management,psychilogy,education,ICT and Multi-National Organizations.

“Congrats on the new Phone App which sounds very helpful and useful. Many people seem to live their lives based on assumptions that they believe despite never testing. When you spell assume it goes like this: ASS U ME, meaning that it makes an ass of u and me.Secondly, many people do things out of habit without really noticing this.Many do things in certain ways that were necessary in the past but no longer required today, like doing accounts by hand instead of using an excel spread sheet etc.”

managementthinkingmistakes.ch

 Noel Jones,Ph.D., was a former staffer with both the World Bank and International Monetary Fund, where he studied the development of Asean.He is an International Business and Management Consultant with degrees in Biology, International Development,and a Ph.,D in Management and Psychology.he has published books and articles in the fields of management,psychilogy,education,ICT and Multi-National Organizations.“Some barriers to creative thinking and problem solving:

Self-imposed- Patterns, or only one right answer – Conformity - Not challenging the obvious - Evaluating too quickly - Fear of looking like a fool - Relying on logic - Physical discomforts My Story:In many problem solving business meetings participants start with the obstacles or barriers to progress before someone comes up with a reasonable proposal or suggestion. Unfortunately, then many jump on this as the answer rather than explore other possibilities. But mostly the initial suggestions only address the symptoms of the problem and not the real problem. Thus, Problem Solving is reduced to Symptom Solving. There is a reluctance to take time to do some right brain thinking to try to figure out what the problem really is, or the cause of the problem, before going after symptoms and eliminating them. Many times false assumptions hinder progress, for it channels the thinking down narrow cul-de-sacs. An example is a discussion about an investment in IT. The assumption is that it will cost a lot of money, when in fact it may not cost much at all, as it may only require an upgrade and not a replacement of an earlier IT system. “

Let your plan / activity take care of all aspects of life, mind, and spirit.

1 critical thinking is like a friend. It guides us against malicious propaganda. It helps to develop and use WISDOM called Pragiya (PAGIYA). It is more than DATA, INFORMATION, KNOWLEDGE. IT SUPASSES ALL THESE THREE,

2 CREATIVE THINKING is the mother source of all discoveries and inventions. Ultimately it helps to create INNOVATIONS. But we must stop its use for RED THINKING (VIOLENCE). How to redirect it for GREEN THINKING (NONVIOLENCE). It actually is LOVE CHRIST AND GANDHI.

3 CARING THINKING is the most important of all kinds of thinking. It must not restrict to ones own people. / country. It must include not only all living beings ( plant, animals, humans) but even include inanimate matter.

One of the creators of WiB’s thinking mistakes app (lritzel, far right) and fullbright Professor BK Passi, one of the worlds leading experts on creative thinking had some advise for our idea.

Prof. Dr. BK Passi, India

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LOOK FOR THE VOIDS

-AND FILL THEM

managementthinkingmistakes.ch