Words of Wisdom:

"Emilio Marco Palma was the first person born in Antarctica in 1978." - Jeffryma

Problems- in Progress

  • Date Submitted: 06/07/2011 03:48 AM
  • Flesch-Kincaid Score: 36.2 
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3.2 Reframing Techniques
The Japanese believe that there are four types of managerial time:
• “Operational time” – the time necessary to correct yesterday’s errors;
• “Strategic time” – the time needed for future;
• “Innovative time” – the time needed to become more competitive tomorrow; and
• “Kaizen time” – the time needed for continuous improvements that ensure that we will have a tomorrow.

The careful assessment of my Thinking Time reveals that I spend most of my thinking time in the innovative time. Ian currently running my on business and as a result   I’m always thinking   “strategically “, planning on current projects, on how to improve myself and my service offering to sustain my current business and to remain competitive in future. The results I received from identifying where I spend my thinking time, complemented my understanding of my learning approach as well. The results have also highlighted my areas of improvement where I need to restructure my time. I believe I need to invest a significant amount of time in the “Innovative” and “Kaizen” category, seeking new approaches and creative deas to limprove and eap-frog my competitors.
Although it is true that cognitive bias plays an important role in influencing our decision making or problem solving. Different decisions will accentuate particular types of cognitive bias. For the purpose of this essay, I will refer to the four basic forms of cognitive bias as applied in assessing my own biases in decision making:

1. Prior hypothesis bias – making a decision based on past beliefs even when new evidence shows that those beliefs are incorrect.
2. Representativeness bias – generalizing from a small sample.
3. Illusion of control – overestimating one's ability to control events.
4. Escalating commitment – refers to continuing to commit resources to a project even when receiving feedback that the project is failing.

I became aware that I usually bring my own previously formed beliefs and...


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