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ExparTips (Pty) Ltd wishes to congratulate Mr Bafana Khumalo (The Co-Founder for Sonke Gender Justice) for winning Forbe...
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ExparTips (Pty) Ltd wishes to congratulate Mr Bafana Khumalo (The Co-Founder for Sonke Gender Justice) for winning Forbes Africa Male Gender Advocate Award. We have known Mr Khumalo as a strong feminist in the struggle for equal rights and justice for women.
As a Pan African organization, we will continue to support the good cause for every effort championing equal rights for women.

ExparTips (Pty) Ltd wishes to congratulate Mrs Graça Machel for featuring in Forbes Africa as Africa’s 50 most Powerful,...
09/03/2020

ExparTips (Pty) Ltd wishes to congratulate Mrs Graça Machel for featuring in Forbes Africa as Africa’s 50 most Powerful, influential & impactful Women.
As a Pan African organization, we will continue to support the good cause for every effort championing equal rights for women.

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27/06/2019

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COGNITIVE BIAS - A CORPORATE HAZARD Cognitive Bias is a broad term for all distortions in the human mind that are hard t...
26/06/2019

COGNITIVE BIAS - A CORPORATE HAZARD

Cognitive Bias is a broad term for all distortions in the human mind that are hard to avoid and that lead to a perception, judgment, or reliability that deviates systematically, involuntarily, and rather distinct from the "reality".

A cognitive bias can also be said to be a pattern of poor judgment, often triggered by a particular situation.

Managers are well advised to constantly consider the probability that cognitive biases play an unexpected role in their management decisions.

Some cognitive biases were useful or even necessary in the ancient evolutionary context of our predecessors. But the same biases are also causing problems in our modern corporate circumstances.

TYPES OF COGNITIVE BIASES

Some of the most cognitive biases for managers are:

1. Hindsight Bias. The inclination to see past events as being predictable.

2. Fundamental attribution error. The tendency for people to over-emphasize personality-based explanations for behaviors observed in others while under-emphasizing the role and power of situational influences on the same behavior.

3. Rationalization. The process of constructing a logical justification for a decision that was originally arrived at through a non-rational decision process. Can be conscious, but is mostly subconscious.

4. Bandwagon Effect. The tendency to do (or believe) things because many other people do (or believe) the same.

5. Confirmation Bias. The tendency to search for or interpret information in a way that confirms one's preconceptions. Also called Confirming-Evidence Trap.

6. Status-Quo Bias. The tendency for people to like things to stay relatively the same. The preference towards alternatives that maintain or perpetuate the current situation even when better alternatives exist.

7. Self-serving Bias. The tendency to claim more responsibility for successes than failures. It may also manifest itself as a tendency for people to evaluate ambiguous information in a way beneficial to their interests.

8. Illusion of Control. The tendency for human beings to believe they can control or at least influence outcomes which they clearly cannot.

9. Overconfidence Bias. Overestimating the accuracy of our estimates or forecasts.

10. Prudence Trap. When faced with high-stakes decisions, we tend to adjust our estimates or forecast to be "on the safe side".

11. Recallability Trap. Giving undue weight to recent, dramatic events.

12. Sunk Cost Bias. To make choices in a way that justifies past choices, even when the past choices no longer seem valid.

13. Loss Aversion. The tendency for people to strongly prefer avoiding losses than acquiring gains.

14. Anchoring Bias. When considering a decision, the mind gives disproportionate weight to the first information it receives.

15. Survivorship Bias. The frequent mistake to forget to include companies that no longer exist in research reports studying various forms of corporate performance.

26/06/2019

7 Manager Tips for Resolving Conflict

Every good project manager will tell you that conflict is part and parcel of the job. Whether it’s an issue within the team, or whether an external source is disrupting your progress, conflict happens. Dealing with the conflict will determine whether your project succeeds or ends up as a failure.

Here are seven tips to addressing and resolving conflict on the job.

1. Keep your cool

As a project manager, you will find yourself at the center of the cross fire. You need to make sure that you stay calm and you do not get worked up. In environments with lots of stress, everyone else is already angry; getting angry yourself will just make the situation worse. If you feel you are getting tense: step back mentally, breathe and relax. You need to remain rational and demonstrate your leadership. Think through your responses before reacting, whether it is verbally or sending an e-mail, and display a calm even demeanor.

2. Deal with conflict when it arises, don’t wait

Conflict is part of everyday life. It happens all around us, in different forms, but it’s important to act on it as soon as you notice it’s there. Don’t let conflict fester, assuming it will “blow over”. In most cases, conflict will arise because of something which was said, or in the case of dealing with project stakeholders, something which was not said. Miscommunication among project stakeholders can be a nuclear bomb. If you suspect something is wrong, speak to your team; and if there is an issue, deal with it transparently.

3. Don’t play the blame game

People get defensive when they are blamed for something, it’s a natural reaction. When you are sitting two people down to mitigate a conflict, encourage them to use “I feel that” or “I think that” instead of pointing fingers and saying “You do” or “You are”. The latter is placing blame on somebody while the former is simply conveying a feeling, and this can greatly reduce defensive reactions among both parties.

4. Accept that somebody has to be wrong and it might be you

People make mistakes, its part of life. It doesn’t make you a bad person, or a bad project manager (most of the time); and it doesn’t mean that your team is not suited for the job. It simply means that you are human. Once you have identified the cause of a problem, accept it if it is your fault. Apologize and correct it. If the problem rests with the other party, accept their mistake, forgive them and move on. Accepting that mistakes happen, and accepting responsibility for mistakes when they are yours, is the cornerstones of ensuring a project stays on track after it hits a wobble. It also demonstrates a high level of leadership maturity to those around you.

5. Compromise, but don’t limit yourself (SWOT)

Conflict requires compromise, but don’t limit yourself to the options presented. Thinking creatively about a solution might be your best chance of saving a project, enforcing client expectations, or ensuring team members are not overworked. Similarly, the first solution you come up with might not be the best one. List all the solutions, as well as their pros and cons, using a “SWOT” format. Using the SWOT format, list the Strengths, Weaknesses, Opportunities, and Threats (SWOT) of critical project conflicts to mutually arrive at a compromise.

6. Keep the big picture in mind

Whatever solutions you come up with, and whatever recourse you take to get there, keep in mind that you still have one ultimate goal: the success of your project. Don’t lose momentum, identify the source of the conflict and address it immediately.

7. Listen carefully, find the facts, ditch the rest

As a project manager, it’s up to you to not only manage the project, but also the relationship between all involved. It’s therefore imperative that you are a good listener. If somebody has an issue, listen to them, but make sure you listen to the other side of the story, too. Gather the facts of the situation and discard any irrelevant personal agendas which might be making the situation worse. Confront the facts and resolve the issues that way.

Project managers must be expert diffusers. Think of your role as a bomb technician – somebody who has to very carefully get rid of a potentially explosive device. One wrong move and you could blow everything sky high. Communicating clearly, keeping calm, and sticking to a diplomatic approach is the best way to move forward and ensure the success of your project.

A script contribution from
CHRISTOPHER SCORDO, September 24, 2012

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