decisionmaking Tagged Articles

Take Control and Increase Growth – Article 3

The purpose of this article is to help business owners understand the key daily decisions that influence dependence on external funding and either limit or expand the growth potential of a business. There are essentially 4 decisions: 1. cash; 2. people; 3. strategy; and 4. execution. This article (#3) addresses strategy, which is the primary driver of growth. If you are not growing in the top tier of your industry segment you have a strategy problem. In this article are ideas to help you develop your strategy.

Sales Results the Old Fashioned Way

The secret of success in sales does not lie in the places where most people look: - Product quality - Service - Brand recognition - Convenience - Price While these are factors in decision-making, they are secondary.

Role of Data Management in Any Type of Business

Data management will help you to improve the operational efficiency of your data. It will also help you to manage your data and secure your enterprise data through quarterly updation. Customizable data management solution vastly improves the quality of data for decision-making and analysis.

Making a Logical Bid or No-Bid Decision

The decision to bid on a contract has profound implications on reputation, profitability, and the allocation of scarce resources. In many cases, these critical decisions are made following an informal assessment, resulting in low-margin or resource-intensive work being performed with associated large opportunity costs. Implementing a formalized decision-making process will help ensure that key considerations have not been ignored. To make the correct decision to bid on an opportunity, download and customize Demand Metric’s Bid or No-Bid Assessment.

3 Ways to Keep “Pattern Spills” from Hurting Your Business

Einstein once defined insanity as "doing the same things over and over and expecting different results". Think about your business. What do you keep repeating hoping it will turn out better this time? Do you ever feel "duped" by a colleague or even a customer? Do you keep knocking your head against the wall saying "I can't believe this happened again?"

Do Your Values Drive or Derail Leadership? Part 2

Our values affect the way we conduct business too. For example, a leader who grew up during the depression and values security will make low-risk investments whereas someone a bit younger may be less risk-averse. One business owner may value being debt-free while another business owner may believe debt is a necessity for growth.

Swift Decision-Making for Busy Business Owners

Business owners identify making decisions as one of the most stressful aspects of self-employment. Outlined here is a simple system for reasonable decision making in a limited amount of time.

Are You MAD?

Stress in the business world and our personal lives can lead to poor decision-making. How can we better understand the source of our anger and choose to handle it more productively?

Decision-making and double-edged swords

Use a simple yet thorough decision-making process to assure that you are covering all the bases, being collaborative and looking at all the angles

Why You Need To Trust Your Gut (But Don’t Take My Word For It)

In the twenty first century, facts are the guiding principles of the decisions and choices that most people make. We follow trends and research studies in determining what we eat wear and other major decisions. In constantly relying on facts, we have lost touch with our inner guiding system. We all have a source of inner guidance that goes beyond specific facts – the intuition. Through a series of steps, we can learn to cultivate and listen to our intuition.

Are You Ready to Meet the CEO?

The degree to which you prepare will directly impact the success of your meeting. Here are 6 key things you need to do before your all-important meeting with a CEO.

Million Dollar Customer Loyalty Lesson That CEO Entrepreneurs Can Learn From the Royal Wedding

See what your prospects and customers think of you. Is it consistent with your brand image? Have a clear understanding of what your organization is all about and what your value proposition is...

Your Internal Board of Directors ... Part I: Who's In Charge?

Have you noticed? When it comes to running your business, you have a lot of different voices in your head. You have the voice that tells you to work on your business plan, and the voice that tells you that you need to answer that email. You have the voice that encourages you to write an article to promote your business, and the voice that tells you it would never get published. You have the voice that wants you to hire an assistant, and the voice that says it’s easier to do everything yourself. With all the chatter going on in our heads, it is actually amazing that anything gets done!

Ilusions in Regression Analysis

Soyer and Hogarth’s article, “The Illusion of Predictability,” shows that diagnostic statistics that are commonly provided with regression analysis lead to confusion, reduced accuracy, and overconfidence. Even highly competent researchers are subject to these problems. This overview examines the Soyer-Hogarth findings in light of prior research on illusions associated with regression analysis. It also summarizes solutions that have been proposed over the past century. These solutions would enhance the value of regression analysis.

Other decisionmaking Related Articles

Decision-Making FAQs

What are the major reasons for small business failure?

Decision-making vs. Decision-getting

“If you can’t get people committed to what you are trying to do, you can’t get it done.” Carly Fiorina, former HP CEO, October 12, 2009 More than ever before, these difficult economic times require efficient management and effective leadership. We believe that efficient management is all about “decision-making” while effective leadership requires the skill of “decision-getting”. Many expect our economy to turn around in the short term but what if it doesn’t? What if it gets worse over the next three + years. Do you and your organization have the skills to “get it done” in a worsening economy?

Developing Intuition in DecisionMaking

Gut-feel for important decisions? Get away! No, seriously it works. A most powerful skill to have, develop and nurture. As we get more experience part of our thinking changes and gives us another way to test decisions.

Decision-making and double-edged swords

Use a simple yet thorough decision-making process to assure that you are covering all the bases, being collaborative and looking at all the angles

Who Has the D? Unclog Decision-Making Bottlenecks

Making good decisions and making them quickly is a differentiator of high-performing companies. And the key to outperforming competitors is the quality, speed, and execution of your decisions. Yet in many companies, decisions routinely stall. One culprit? Ambiguity for who is accountable for which decisions. Here is a tool to help clarify your strategic decisions: Think RAPID.

Self-Improvement Statistics Guide in Decision-Making.

Statistics shows that about 75% of the people working today are unhappy with their current jobs. One reason is that their talents are wasted because it is not applicable for their current jobs.

Master Your Game: Group Decision-Making Processes

You've outlined a tight agenda and designed an effective meeting process. The next step is to move discussion forward through efficient and effective decision-making. This article explains six decision rules and their appropriate uses.

Swift Decision-Making for Busy Business Owners

Business owners identify making decisions as one of the most stressful aspects of self-employment. Outlined here is a simple system for reasonable decision making in a limited amount of time.

Executive Wisdom for Smart Decision-Making - Wisdom in Action

Prudent decision-making lies at the heart of wisdom but it\\\'s not the whole story. In order to make a smart decision, a wise leader must draw upon intellectual, emotional, and social comprehension.

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