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Patton's Picks: Thinking in Bets
Leadership Resources for the Philanthropic Sector
Welcome to this edition of Patton's Picks, where we explore Thinking in Bets by Annie Duke. This insightful book offers a compelling new approach to decision-making in environments of uncertainty, using lessons from poker to inform smarter strategies in business and life. Here’s why Thinking in Bets is essential reading for nonprofit leaders:
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You Want to Master Strategic Planning: Duke teaches that life’s decisions are bets on the future, and that thinking like a bettor can lead to more accurate and effective strategic planning. This perspective helps leaders evaluate decisions not just based on outcomes but through a rigorous process-oriented approach.
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You Seek to Enhance Management Practices: The principles in Thinking in Bets help leaders manage uncertainty and outcomes in their organizations more effectively. Duke’s strategies encourage a balanced view of success and failure, which is crucial for learning and growth.
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You Aim to Develop Data Management & Technology Skills: Understanding how to use data to inform decisions and acknowledge biases in that data is key. Duke emphasizes probabilistic thinking, which can enhance how leaders use data to make decisions.
Stay tuned for more of Patton's Picks, your essential guide to resources that prepare you for a rewarding journey in nonprofit leadership.
Dr. Patton McDowell, CFRE, MBA, is the creator of the innovative PMA Mastermind Leadership Program, a unique offering designed to elevate nonprofit leaders through comprehensive training and peer collaboration. He is also the author of the best-selling book, Your Path to Nonprofit Leadership, and host of the weekly podcast with the same name, available here. Since founding PMA Nonprofit Leadership in 2009, Patton has strategically guided over 300 nonprofit organizations to achieve their fullest potential. A Certified Fundraising Executive and Master Trainer for AFP Global, he serves as Executive in Residence at Cornell University's Jeb E. Brooks School of Public Policy and as Director of the Institute for Philanthropic Leadership.
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