Are you the kind of person who tries to optimize your decisions, but then often ends up regretting your choice because you might have missed something better (you are probably a maximizer)? Or are you the kind of person who’s quick and confident at making decisions, and who seldom looks back on past decisions with regret (you are probably a satisficer)?

In this episode of Management Muse, we’re joined by Spencer Fraseur, Cindi and Geoff’s nephew, and a doctoral candidate in management at the University of Texas at Arlington. In this episode, the Muse dives into the difference between maximizers and satisficers, and explores the work implications of each decision-making style.

Episode Highlights:

• In organizations, maximizers may be most beneficial in the early stages of decision-making because they are thorough researchers.
• In organizations, satisficers may be most beneficial in the later stages of decision-making because they are excellent at putting the research down and selecting an option.
• While maximizers and satisficers can drive each other nuts, understanding the styles can help coworkers work more effectively together and better appreciate what each brings to the table.
• When selecting decision-makers on a particular topic, weigh the importance of the decision because the time spent researcher may be overkill for most decisions, where good enough would have, in fact, been good enough.

Watch this episode on YouTube: