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HOW THE WISE DECIDE:
The Lessons of 21 Extraordinary Leaders
by Bryn Zeckhauser and Aaron Sandoski
Crown Business
September, 2008
From the corner office to the rank and file, almost everyone needs to make countless decisions every day at work. But, where's the handbook?
Bryn Zeckhauser and Aaron Sandoski, Harvard MBAs who are also alumni of the powerhouse consulting firm McKinsey & Company, found that despite their elite training, they felt ill-prepared to make the countless business decisions their work demanded. So they set out to fill the void in their business training, spending three years speaking to 21 of the world's most renowned leaders, from CEOs to Prime Ministers, to get the collective wisdom of leaders known for their ability to steer everything from companies to countries, in good times and bad.
In their new book, HOW THE WISE DECIDE the authors draw on the real life stories of these leaders and uncover six strategies for making good decisions.
From "Going to the Source," as Medtronic CEO Bill George did in the operating room where his company's heart catheters were used, to "Listening with Purpose" as General Motors CEO Rick Wagoner did when charged with revamping the 100-year-old Oldsmobile brand for a younger consumer, this book offers the how so desperately needed in the decision making process. Joining George and Wagoner are Orin Smith of Starbucks, Shelly Lazarus of Ogilvy and Mather, and Lee Hsien Loong, the prime minister of Singapore, among others, who offer an inside look at how they made the tough decisions that have distinguished their careers.
Bryn Zeckhauser is a principal at Equity Resources Investments, a real-estate investment firm with funds in the United States and Asia and a senior fellow at Harvard University's Mossavar-Rahmani Center for Business and Government. Aaron Sandoski is managing director of Norwich Ventures, a medical device venture capital firm. He has also been a teaching fellow at Harvard University.
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