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Why Mindful Individuals Make Better Decisions

See on Scoop.itBounded Rationality and Beyond

Mindfulness is practiced in board rooms from Silicon Valley to Wall Street. But just how much does it improve the quality of your decision-making?

Five years ago when I introduced mindfulness to my MBA decision-making class it was perceived as something completely esoteric; there were maybe two or three students who could relate to the concept. Today, not only have most of them heard about it, many are practicing it. More and more corporations are offering mindfulness training to their employees. It’s being incorporated into negotiation techniques and leadership manuals, in fact every area of business where strong decisions are required.

While it’s generally accepted that mindfulness helps decision-makers to reach conclusions, there’s growing evidence the positive influence goes much further, impacting the way decisions are identified, made, implemented and assessed.

Close analysis of the latest mindfulness research, with Jochen Reb, Associate Professor of Organisational Behaviour at Singapore Management University, for a chapter in the upcoming book Mindfulness in Organisations, suggests that mindfulness techniques can have a positive effect on all our widely-recognised stages of the decision-making process.

Read more at http://knowledge.insead.edu/leadership-management/why-mindful-individuals-make-better-decisions-3479#VAc4Bzy00dzDBDj0.99

See on knowledge.insead.edu



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