Learning from Past Decisions to Make Better Choices

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Learning from Past Decisions to Make Better Choices
Decision MakingPast MistakesEfficiency
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This article argues that revisiting past decisions, even the unsuccessful ones, can provide valuable insights for making better choices in the future. By analyzing past mistakes, we can identify biases, develop strategies for improvement, and ultimately build confidence in our decision-making process.

We all have scores of decisions to make every day, and we often want to move quickly, telling ourselves that speed equals efficiency. But true efficiency sometimes requires slowing down, being mindful, and especially looking back at the decisions we’ve made that didn’t go as we’d hoped. Too often we don’t want to spend time and mental energy revisiting the past, especially if it contains uncomfortable missteps.

A series of six questions can help you apply lessons from your past decisions to your current situation.Stacey, the chief executive of a nonprofit focused on energy efficiency, wanted to bolster her leadership team by creating a chief operating officer position. Her first two hires to fill the role were unsuccessful: Neither lasted a full year on the job. These were time-consuming and resource-intensive mistakes.

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