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Casual Articles - Taking Decisions - A 5 Point Checklist
Successful business relationships are based on Value, Competence, Trust, and Propriety.ValueValue: The customer’s perception of your worth, excellence, usefulness, or importance. Value addresses the customer’s question, “What can this person or company do for me?”Value can be articulated by explicitly answering
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from m
If you’ve listened to some radio ads lately you may have picked up on something, right as you punched the button to change the station. And that is that most radio spots, and by that I mean about 97%, are boring or just plain annoying... and boring.One problem is that many advertisers rely on the station to write and produce th
Decision making is not the ability to take the best guesses and works on strong hunches as some management guru’s make it out. Gut feel and instinctive decision making may sometimes be inspiring and work well but it is best for the professional manager to keep away from this kind of decision making.
How does one take decisions? Here is a five point checklist to take better decisions.
1. Information
Best decisions are of course made with the availability of quality information. Check whether you have all possible information and data available in the area where a decision is required. But don’t take too much time to gather the information. Sometimes it may help if you take timely decisions with all available information rather than procrastinating on the basis of unavailability of complete information.
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from mo
I don’t know his name and he wasn’t trying to be profound. A man who worked for one of my colleagues always showed in a shirt and tie with a simple explanation: “if you look business, you is business”. His grammar was faulty, but his reasoning was letter perfect and so is its timing as young folks head into the job market, either to
Decision making is not the ability to take the best guesses and works on strong hunches as some management guru’s make it out. Gut feel and instinctive decision making may sometimes be inspiring and work well but it is best for the professional manager to keep away from this kind of decision making.
How does one take decisions? Here is a five point checklist to take better decisions.
1. Information
Best decisions are of course made with the availability of quality information. Check whether you have all possible information and data available in the area where a decision is required. But don’t take too much time to gather the information. Sometimes it may help if you take timely decisions with all available information rather than procrastinating on the basis of unavailability of complete information.
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from m
Due to Sarbanes Oxley so many Corporations and Small Medium Sized companies are feeling the incessant costs of increasing accounting fees. This is because there are not enough accountants to do all the work and because errors and omissions insurance have gone up because trial lawyers are using these laws to sue companies and accountin
1. Information
Best decisions are of course made with the availability of quality information. Check whether you have all possible information and data available in the area where a decision is required. But don’t take too much time to gather the information. Sometimes it may help if you take timely decisions with all available information rather than procrastinating on the basis of unavailability of complete information.
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from m
Inflation and economic trends require families to have two incomes just to stay even with their expenses. It may be that, in the future, even two incomes will not be sufficient. It is a good idea to be prepared for bad economic times rather than to simply hope for the best and suffer if the best does not come. Families should have mul
2. Defining the outcomes of the decision
What are the desired results from the decision? It is best to define the outcomes from the decision making process and take decisions which would best give the desired results.
3. Worst and best case scenario
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from m
It was C.D. Jackson, Publisher of Life Magazine who once said “Great ideas need landing gear as well as wings.” The sad truth is that most people plan trips and vacations better than they plan their business ventures. It seldom occurs to them that a business plan can help—tremendously. Consider the different audiences who may read
When in doubt better to arrive at the worst case scenario and prepare for the worst case scenario if things go wrong as a result of your decisions.
4. Seek Counsel
Sometimes when you agonize over the outcomes of the decisions and unable to take a proper decision it is best to seek counsel from more experienced persons in your organization or industry. It may even be helpful sometimes take the counsel of people totally unrelated to situation. It may even be a friend or your spouse. One would be surprised at the creative solutions such people offer.
5. Take the decision even if undecided
Decision making methodologies can be evolved based on the 5 simple tenets outlined above. Time is a key element in the decision process. More opportunities are missed for want of a decision rather than wrong decisions. Keep these factors as a checklist and refer to them whenever you want to take any decision.
Remember it is better to be manager who takes some wrong decisions than be a manager who is indecisive and cannot take decisions. As Samuel Johnson said “nothing will ever be attempted if all possible objections must first be overcome”.
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