Amanda Blesing

Decision-making under adversity - AusIMM Bulletin

Featured in October 2016 in the Australian International Mine Management Bulletin.

Decision-making Under Adversity - By Amanda Blesing and Russell Boon

Learning how the brain interprets and processes stressful situations can help the decision-making process in high-pressure environments

We initially became interested in decision-making as a topic because of insights and evidence from the gender diversity debate. Organisations with both women and men on the leadership team in relatively equal numbers perform better on a range of measures including profitability, productivity, risk, customer satisfaction and staff engagement. And the reasons why? Researchers put it down to better decision-making:

  • ‘companies with strong female leadership deliver a 36 per cent higher return on equity, according to the index provider MSCI’ (World Economic Forum, 2015)
  • ‘companies ranked in the bottom quarter in terms of gender diversity on their boards were hit by 24 per cent more governance-related controversies than average’ (World Economic Forum, 2015).

However, women are frequently criticised for their decision-making. They’re allegedly slower at making decisions, wanting more evidence and are more risk averse. This is seen as a negative by organisations that are used to more masculine models of leadership.

Complexity vs Uncertainty

Complexity vs Uncertainty

On the flipside, we know that testosterone drives a bias toward action, competitiveness and risk taking, so men tend to make decisions faster. However, a too-fast decision isn’t always a better decision, and certainly a too-slow decision doesn’t get anyone anywhere fast. Additionally, when stress, anxiety or fear is added into the mix, no one is great at making decisions. In fact, we’re wired to bypass the logical parts of our brain when under pressure, which makes great decision-making really challenging.

 

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Women Entrepreneurs Making Waves - Huffington Post by Alex Pirouz

Delighted to be featured on Huffington Post for my work.

Article by Alex Pirouz published on 11 October

"I’m not saying anything groundbreaking when I say the Entrepreneurial scene has really taken off over the past 5 years.

This in turn has seen more and more women start and grow businesses, in Australia alone that increase has been phenomenal.

Recent Australian Bureau of Statistics Data shows women make up just over a third of all business operators, which is close to a 50% increase over the past decade.

It’s inspiring to see so many women Entrepreneurs start ventures and share their missions with the world.

After coaching and mentoring thousands of Entrepreneurs men and women alike, it’s clear to me that the reason so many women are beginning to start businesses and do so well at the same time is due to their passion to transform industries."

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