Place of Intuition in Executive Decision Making – Asrar Qureshi’s Blog Post #935
Place of Intuition in Executive Decision Making – Asrar Qureshi’s Blog Post #935 Dear Colleagues! This is Asrar Qureshi’s Blog Post #935 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Daniel Kahneman Credit: Emma Keshavarz Gary Klein Credit: Kamaji Ogino Corporate Executives, as they become more senior, tend to rely more on their intuition, or gut feeling. Mr. Nasir Mahmood (late) was a legendary marketing head who grew Abbott Labs Pakistan from a small company to one of the fastest growing companies in 1980s, and 1990s. He once asked in a meeting of managers (I was a relatively new manager among the group), “how do you hire? You go by your gut feeling. That is what I do, and it never fails me”. He was not the only senior executive doing it, many others also did it. And it was not just about hiring, for all important decisions,...