Join the Community

21,469
Expert opinions
43,716
Total members
378
New members (last 30 days)
131
New opinions (last 30 days)
28,520
Total comments

Good Judgement Comes from Experience

Be the first to comment

Good judgement comes from experience. Experience comes from bad judgement

When the business environment is changing very quickly, or when we are under pressure, one of the easiest mistakes to make is that of jumping to a conclusion based on “Judgement” – and then looking for the evidence to justify the decisions made. Anybody who has read a history of national secret services will find examples of simple deceptions which exploit this human characteristic.

Most organisations have recognised this human failing and have policies and procedures in place that ensure decisions are made based on facts and data.

However, there are two important factors which we need to keep remembering:

  1. Increased workload and associated pressures may be negating the benefits of changes in working practices.
  2. Memory is selective. It is only a matter of time before some of us start forgetting the reasons for these policies and procedures and, under presssure to "move things forward", start to make judgement based decisions when we should slow down a little and base decisions on facts and data.

 

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

21,469
Expert opinions
43,716
Total members
378
New members (last 30 days)
131
New opinions (last 30 days)
28,520
Total comments

Trending

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

What Are Digital Wallets? Exploring Their Rising Popularity

Donica Venter

Donica Venter Marketing coordinator at Traderoot

Why Bankers Need to Think Like Entrepreneurs

Dmytro Spilka

Dmytro Spilka Director and Founder at Solvid, Coinprompter

Can The Payments Industry Use AI To Detect Fraud In 2024?

Now Hiring