Pharma Veterans

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,...

Why We Do Not Do What We Say – Asrar Qureshi’s Blog Post #901 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #901 for Pharma Veterans. Pharma Veterans  aims to share knowledge and wisdom from Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Credit: Anete Lusina Credit: Alex Green Credit: Ozan Çulha Often, while we display good intentions and talk good things, our actual behavior does not match with it. The alarming thing is that many a times we do not even realize this contradiction.  The phenomenon where people's actions do not align with their words, despite having good intentions, can be attributed to several psychological factors. Understanding these factors can shed light on the complexities of human behavior and communication. Sigmund Freud (1856 – 1939) said that only about one-tenth of our mind...

The Inside View – Implications & Suggestions – Asrar Qureshi’s Blog Post #882 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #882 for Pharma Veterans. Pharma Veterans  aims to share knowledge and wisdom from Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Credit: Artem Podrez Credit: Ivan Samkov Credit: Kindel Media The Inside View Daniel Kahneman, the renowned psychologist and Nobel laureate, introduced the concept of "Inside View" in his groundbreaking book, "Thinking, Fast and Slow." The Inside View is a cognitive bias that occurs when we make judgments and decisions based on our limited and often inaccurate understanding of a situation. We tend to overestimate our knowledge and abilities, leading to flawed assessments and suboptimal outcomes. Generally, all businesses prefer to keep their inf...

Thinking Fast and Slow by Daniel Kahneman III – Blog Post #484 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans Blog Post #484. Pharma Veterans welcomes sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Continued from Previous…… The challenges with summarizing the findings of a book of this enormity can be many, some of which may be described as follows. 1. The effort to simplify may affect the integrity and authenticity of the original concept 2. Many other related, important concepts may be missed out 3. The entire premise of the book may not be accurately portrayed In the interest of surviving respectfully, I would rather focus on the main theme only and leave everything else aside. The ‘Intuitive’ System 1 and the ‘Attentive’ System 2 have been elaborated to the extent ...

Thinking Fast and Slow by Daniel Kahneman II – Blog Post #483 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans Blog Post #483. Pharma Veterans welcomes sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Continued from Previous…… The book ‘Thinking, Fast and Slow’ by Daniel Kahneman is broad in its scope and enormous in its applications and implications. What I shall do is to introduce few core concepts here in this three-part series. Those who are intrigued (I hope there would be many) are requested to read the book. The fundamental concept is that our thinking is based on two-parts, two-functions processes. These were originally named as System 1 and System 2 by the psychologists Keith Stanovich and Richard West. Daniel is continuing with the same. [Quote] • System 1 operates a...

Thinking Fast and Slow by Daniel Kahneman I – Blog Post #482 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans Blog Post #482. Pharma Veterans welcomes sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Eid Holidays mixed with lockdown have started for most people. Pharmaceutical industry was granted exemption verbally but given the situation otherwise, I understand that most Pharma people would have this week off. Eid ul Fitr this year shall again come under the heavy shadow of COVID. The infections are rising and so is the death toll. It cannot be overemphasized that we all need to be responsible, take full precautions and save ourselves and others from undesired consequences. Pharma professionals have a greater responsibility as they are part of healthcare system and they are be...