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Analysis Paralysis Extinct by Instinct

The document discusses 'Analysis Paralysis,' where decision-making is hindered by overwhelming data and the pursuit of perfection, leading to project delays and potential failures. It contrasts this with 'Extinct by Instinct,' where hasty decisions are made without sufficient analysis, risking significant negative outcomes. The conclusion emphasizes the importance of finding a balance between thorough analysis and timely decision-making to avoid both extremes.
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0% found this document useful (0 votes)
60 views12 pages

Analysis Paralysis Extinct by Instinct

The document discusses 'Analysis Paralysis,' where decision-making is hindered by overwhelming data and the pursuit of perfection, leading to project delays and potential failures. It contrasts this with 'Extinct by Instinct,' where hasty decisions are made without sufficient analysis, risking significant negative outcomes. The conclusion emphasizes the importance of finding a balance between thorough analysis and timely decision-making to avoid both extremes.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ANALYSIS

PARALYSIS
VS

EXTINCT BY
INSTINCT

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WHAT IS
ANALYSIS PARALYSIS?

Analysis Paralysis is when an


organization, a team, or a person
cannot make a decision and
progress, thereby entering into a
state of paralysis. This could be
either due to a flood of
information or the tendency to
overthink or overanalyze to get
the perfect outcome.

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POSSIBLE CAUSES OF
ANALYSIS PARALYSIS:

Overwhelming incoming data


or many options or possible
solutions associated with the
issues.

Inexperience in handling data /


information.

Extensive experience in data


analysis and generating many
solutions at each step.

Tremendous risks or
uncertainties are involved.

Striving for perfection

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In Analysis paralysis, the process
gets stuck up at Analyze data
step, so rather than going forward,
more and more data is collected
to analyze further. So a loop is
created between these two steps,
and no decision gets made,
leading to process paralysis.

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POSSIBLE OUTCOMES
OF ANALYSIS PARALYSIS:

Extension of deadlines

Loss of opportunities-
Opportunity cost.

Loss of trust of stakeholders


and team members.

Project failure

Significant impact on financial


stability and, in the worst
scenario, can lead to loss of
human life in health-related
issues.

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WAYS TO AVOID
ANALYSIS PARALYSIS:

Making more minor decisions and


decisions with less risk.
Use of more reliable data.
Use experts to Interpret the data.
Have a backup plan if the decision
turns out to be a bad one.
Choosing two or three best
possible solutions and rethinking
them to select the best decision.
Agile methodology with iterative
steps and more emphasis on
functionality(value creation) rather
than the product specification.

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WHAT IS
EXTINCT BY INSTINCT?

Extinct by Instinct is when an


organization, a team, or a person
makes an incorrect decision in
haste without detail or with little
analysis. Such choices are often
detrimental to the organization.

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Extinct by instinct can be the
consequence of the ‘GroupThink’
phenomenon. Where a group
usually takes a quick, unanimous
decision, without any detailed
analysis and by the conviction of
the majority of the group
members and others who are
opposed to it, give the nod to the
decision for the sake of
maintaining goodwill and group
value.

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MAJOR FALLOUT OF
EXTINCT BY INSTINCT:

High risk of turning into a


wrong decision, significantly
impacting an individual's or
corporate's stability, financial
and other key performance
indicators.

High risk of project failures


with significant monetary loss.

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WAYS TO PREVENT
EXTINCTION BY INSTINCT:

Data and information analysis


are to be made before making
any decision.

Detailed risk analysis of any


decision to be done before
implementing it.

Group thinking phenomenon to


be checked, decision-based
on scientific analysis to be
implemented.

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CONCLUSION

It is very important to avoid both


contrasting phenomena- Analysis
paralysis and Extinct by Instinct
phenomenon. Instead, a mid-state
has to be maintained, with
prudent decisions based on
detailed analysis, but without
getting stuck at the analysis step
and making the best possible
decision before the projected
deadline.

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INQUIRE NOW!

Learn about Decision making in


our Green Belt, Black Belt, and
Master Black Belt programs.

+91 98113 70943

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