Episode 64: Why We Hate Satisficing

In this episode of The Thinking Leader, Bryce Hoffman and Marcus Dimbleby talk about satisficing and how it damages businesses.

Satisficing is the act of being satisfied with the first sufficient solution to a problem. Being satisficed with the first solution is rarely the best solution and often deals with the symptoms of an issue rather than the root cause. 

They discuss the dangers of always being busy and why being a brilliant firefighter doesn’t result in a brilliant business. The idea that modern workers always need to be busy means decision makers don’t have time to consider all their options. Having time to consider your options and tackle problems correctly leads to a healthier and more successful business in the long-term.

In this episode:

• What is satisficing
• How satisficing can be the difference between a failing company and a successful one
• Why being brilliant at fighting fires isn’t a brilliant sign for your business
• The value of not being busy

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Bestselling business author Bryce Hoffman and agility expert Marcus Dimbleby talk about decision making, strategy, resilience and leadership with some of the world’s best CEOs, cognitive scientists, writers, and thinkers in this weekly podcast. Each episode offers new ideas and insights you can use to become a better leader and a better thinker – because bad leaders react, good leaders plan, and great leaders think!