Decision making Quote by Daniel Kahneman
““Whatever else it produces, an organization is a factory that manufactures judgments and decisions. Every factory must have ways to ensure the quality of its products in the initial design, in fabrication, and in final inspections. The corresponding stages in the production of decisions are the framing of the problem that is to be solved, the collection of relevant information leading to a decision, and reflection and review. An organization that seeks to improve its decision product should routinely look for efficiency improvements at each of these stages. The””
About This Quote
Source Book: Thinking, Fast and Slow, 2011
Organizations create decisions like products, needing quality checks at framing, information gathering, and review stages.
In simple terms: Decisions need quality control at each step.
Key Takeaway
Implement checks at problem framing, data collection, and review.
Themes
decision making
quality control
organizational learning
Mood
analytical
critical
reflective
Type
advice
process
strategic
When to use this quote
- project planning
- strategic meetings
- product development
- policy formulation
Key Concepts
cognitive bias
process improvement
feedback loops
Questions to Reflect On
- How can you balance speed and thoroughness in decisions?
- What biases might affect each stage?
A Different Perspective
Quality checks can be costly and slow down rapid decision cycles.
