What are the Risks Associated with Emotional Decision Making?
While emotions can add a valuable dimension to decision-making, they also pose several risks if not managed effectively:
Bias: Leaders may fall prey to cognitive biases such as confirmation bias, where they may only seek information that supports their preconceptions. Impulsivity: Decisions made in a highly emotional state can be impulsive and lack the necessary strategic foresight. Inconsistency: Emotional decisions can lead to inconsistencies in policy and strategy, affecting organizational stability.