Thinking fast, slow and driving decision making imperatives for business leaders

Leadership requires both Systems 1 and Systems 2 thinking to make effective decisions. Setting the strategy involves using classical Systems 2 thinking, but this must also be coupled with the ability to assess immediate trends and shifts. Leaders must align goals across teams and set achievable, measurable, and realignable plans to promote transparency and progress tracking. Leaders must act fast and communicate effectively in unforeseen and shifting situations, displaying empathy while avoiding inaction and inflexibility. Decisive decision making is necessary to make the right choices and to be an effective leader.