Balliol College Oxford Brooklyn Heights Promenade and Manhattan

Welcome

Guiding enterprise through economics

Brent Wheeler Group helps all types of businesses and organisations to make better decisions and maintain their competitive edge by providing economic, corporate finance, investment banking and public policy advice.

Our values are to apply utmost passion, energy and analytical thinking as a matter of course for the benefit of our clients. We are professionals first and foremost – which means living our values.

learn more

latest post

Decision Making - in the words of Barack Obama

"My emphasis on process was born of necessity. What I was quickly discovering about the presidency was that no problem that landed on my desk, foreign or domestic, had a clean, 100 percent solution. If it had, someone else down the chain of command would have solved it already. Instead, I was constantly dealing with probabilities: a 70 percent chance, say, that a decision to do nothing would end in disaster; a 55 percent chance that this approach versus that one might solve the problem (with a 0 percent chance that it would work out exactly as intended); a 30 percent chance that whatever we chose wouldn’t work at all, along with a 15 percent chance that it would make the problem worse.

In such circumstances, chasing after the perfect solution led to paralysis. On the other hand, going with your gut too often meant letting preconceived notions or the path of least political resistance guide a decision—with cherry-picked facts used to justify it. But with a sound process—one in which I was able to empty out my ego and really listen, following the facts and logic as best I could and considering them alongside my goals and my principles—I realized I could make tough decisions and still sleep easy at night, knowing at a minimum that no one in my position, given the same information, could have made the decision any better. A good process also meant I could allow each member of the team to feel ownership over the decision—which meant better execution ..."

Source: Barack Obama in A Promised Land (p293)

full post
site powered by - Turboweb :: Simple Web Manager