Personal Small Business Corporate & Institutional About Us
When Elizabeth Thornton lost a million dollars in an international fruit juice business in the late 1990s, she took a hard look at herself and what drove her decisions. What she came to realize, after studying psychology, neuroscience and entrepreneurship, was that her subjective, emotional approach was her undoing.
In “The Objective Leader,” Thornton, who works as a professor of management practice at Babson College, explores how human beings are hardwired to shape their perceptions of the world around them rather than, as the book’s subtitle states, “seeing things as they are.” She follows these observations with a process for recognizing these inherent biases and overcoming them to make rational decisions firmly grounded in the real world.
Thornton begins her attack on irrationality by making the unseen visible. She offers five common “mental models” that inhibit clear thinking, and says that these models are like movies we project onto reality, blocking our view of it. They include:
By simply recognizing these models in ourselves, Thornton says, we are taking the first step toward objectivity. Scattered throughout the book are practical exercises to identify which models influence one’s own decision-making, including these four crucial steps:
It’s significant that Thornton’s exercises consist of thoughtful, open-ended questions rather than something more formulaic. They reflect the depth and intellectual rigor of the book as a whole, which doesn’t offer pat solutions but rather a process for becoming more self-aware, understanding oneself better and making decisions that lead to innovation, clear communication and successful collaboration.
Cash Flow Insight℠ helps you speed up receivables, stay on top of payables, store documents online, and sync with your accounting software.
The article(s) you are reading were prepared for general information purposes by Manifest, LLC. These articles are for general information purposes only and are not intended to provide legal, tax, accounting or financial advice. PNC urges its customers to do independent research and to consult with financial and legal professionals before making any financial decisions. These articles may provide reference to Internet sites as a convenience to our readers. While PNC endeavors to provide resources that are reputable and safe, we cannot be held responsible for the information, products, or services obtained on such sites and will not be liable for any damages arising from your access to such sites. The content, accuracy, opinions expressed, and links provided by these resources are not investigated, verified, monitored or endorsed by PNC.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
We have tools to help you bank when and where you want.Mobile Apps Directory »
Be part of our inclusive culture that strives for excellence and rewards talent.Visit PNC Careers »
The PNC Financial Services Group, Inc. All rights reserved.