Spring 2018 Volume 21
In This Issue
President's Message Spring 2018
Message from Your ACHE Regent - Spring 2018
Leadership and Professional Development
Healthcare Leadership - Thoughts From My Foxhole
In the News
News from ACHE National
STC-ACHE Advancement Committee Update
Philanthropy and Community Relations Update
4 Steps to Establishing Your Leadership Philosophy
Enhance Your Decision-Making Skills: 3 Tips
Administrative Notes
Request for e-Newsletter Articles
Join the ACHE Official Group on LinkedIn
Ensure delivery of Chapter E-newsletter (Disclaimer)
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Chapter Officers
President
 
Roxanna Rose, MHA, FACHE
 

 

Immediate Past President

CAPT Lynn Downs

 
Secretary
 
Adela Garcia
 
 
 
In the News
Enhance Your Decision-Making Skills: 3 Tips

Good decision making requires a sense of prediction—how different choices change the likelihood of different outcomes—and a sense of judgment—how desirable each of those outcomes is—according to a Harvard Business Review article by Walter Frick.  

Highlighted below are three ways to improve your ability to predict the effects of your choices and assess their desirability.

1. Avoid overconfidence. Consider the fact that you may be more confident about each step of your decision-making process than you ought to be, and that’s OK. If you embrace being less certain, however you may be more likely to revisit the logic of your decision and prepare for dramatically different outcomes than your expected one.


2. Analyze how frequently predicted outcomes occur. Numerous studies demonstrate that the best starting point for predictions is to ask “How often does that typically happen?” Get away from the specifics of your particular decision or individual case, and look at the base rate and outcomes of similar cases first.


3. Learn about probability. Research suggests basic training in probability makes people more effective forecasters and helps them avoid certain cognitive biases. Brushing up on probability theory may help you better express uncertainty and think numerically about the question “How often does this usually happen?”


“Great decision makers don’t follow these rules only when facing a particularly difficult choice; they return to them all the time,” Frick writes. “They recognize that even seemingly easy decisions can be hard—and that they probably know less than they think.”

—Adapted from “3 Ways to Improve Your Decision Making,” by Walter Frick, Harvard Business Review, Jan. 22, 2018.


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