The Todd Feinburg Show | Decision-Making with Chris Mailander
The Todd Feinburg Show | Podcast | 28 June 2023
This episode provides a thought-provoking perspective on the importance of good decision-making and the challenges individuals and organizations face in making the right choices in complex situations.
Key Takeaways
Importance of good decision-making: The conversation emphasizes the impact of good and bad decisions on individuals and society, using examples like the 2008 financial crisis and the recent Russia-Ukraine war.
Challenges to good decision-making: Blind spots, ego, and clinging to the status quo are identified as key challenges to making good decisions, especially in situations with high stakes.
Role of situational context: The importance of adapting to changing circumstances and understanding the specific context of a situation is highlighted.
Decision-making as a game: Chris proposes approaching decision-making as a game of strategy, requiring understanding the players, gathering intelligence, and making strategic choices at the right time.
Examples of good and bad decisions: The conversation explores examples of both good and bad decisions from various sectors, including the success of some businesses during the pandemic and the poor choices made by Silicon Valley Bank.