'Gut feeling' still king in business decisions

Gut feeling' remains an important element in decision-making among business leaders even when plenty of data is available, according to a new study. Nine in every 10 executives surveyed by the Economist Intelligence Unit (EIU) said if the available data contradicted their intuition, that they would reanalyse it, ignore it or collect more information. Just 10pc said they would take the course of action suggested by the data.

Gut Decisions - Trust or Bust?

The gut decision divides decision makers everywhere. Some decision makers swear that their gut can do them no wrong and that pouring over data sets and applying decision models is busy work. Others demand a more rigorous approach to decision making and dismiss gut decisions as a viable strategy altogether. Who’s right?

How do you Counteract Human Cognitive Biases

Unless you have well-developed intuition, your instincts and intuition could have inherent biases - cognitive biases that could adversely affect decision-making. This article makes a case for combining data with intuition and instincts to counter cognitive biases. The author works for a data analytics company that obviously promotes the use of data.

Why you shouldn't schedule anything important for 2 p.m.

While some people are early birds and others are night owls, one thing many people have in common is a feeling of sluggishness in the afternoon. This is in large part due to your circadian rhythm, a roughly 24-hour "master clock" that regulates hormones in your brain -- including, most prominently, the ones that make you feel tired or awake. But you don't just experience a physical lack of energy.

Can You Match Oprah Winfrey's Billionaire Business Savvy?

This quiz puts you in Oprah Winfrey's place during some of her most pivotal decision-making moments, which ultimately led her to become the first African-American female billionaire. Test your business acumen to see if you would make the same strategic calls as she did.

Business Acumen - What is it?

This article says it's about business savvy but it's about business acumn - an understanding of the different parts of the business and how they work

10 Life-Changing Ways to Become More Business Savvy

Do you consider yourself a savvy business person? What qualities do you feel make someone savvy?

5 Questions to Ask Before You Call Out Someone Powerful

It’s always tempting to think that when you have more power — maybe even just a little more – it will be easier to call out wrongdoing. But over the last two years, as we interviewed over 60 business leaders, what we found is that this feeling never goes away. There is always someone or something more powerful than you are — when we spoke with company CEOs, they’d express concern about their boards, and when we spoke with board chairmen, they’d admit to being afraid of the media.

Bridging Data Science and Business Intuition

Target corporation’s massively profitable data science project threw them into the news spotlight a few years back. Their story makes for a valuable case study in the interplay between business intuition and data science.

Report Illuminates Wealth-Creation Gap Among Small Business Owners

A growing number of self-reliant Americans have started one-person businesses in recent years to make a living. But minority and women business owners who opt for self-employment aren't faring as well as they might be, when it comes to building the value of their businesses, according to a new report by the Corporation for Enterprise Development (CFED), a national nonprofit based in Washington, D.C.