Paralysis by Analysis - Explained
What is Paralysis by Analysis?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
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Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is Paralysis by Analysis?
Paralysis by Analysis is a phrase describing a situation where no decision is or can be made due to devoting disproportionate effort to the analysis phase of a decision. Managers then become unable to create value and manage.
Typical reasons for this situation to occur include:
- Complexity of the decision
- Excessive or Poor information
- Over focus on planning
- Excessive focus on planning.
- Preoccupation or worry
- Micromanaging
- Rigidity and bureaucracy in the decision-making process.