decisions, decisions
I believe we are faced with two very different types of decisions. We need to recognise the type of decision required so we can apply the right thinking and analysis to the matter.
our thoughts on the world we live in
Discussions of decisions and problem solving.
Whilst aimed at business decisions, much of what is included in this series has a much broader application. Many of the techniques are as applicable to personal life decisions as they are to business decisions.
This series of posts looks at the reversibility of decisions, the effect that decision timeliness has on outcomes, and the cost of procrastination. It discusses solving problems for the right answer, the fact that some problems can’t be solved, and looks at some strategies for solving certain kinds of problems.
I believe we are faced with two very different types of decisions. We need to recognise the type of decision required so we can apply the right thinking and analysis to the matter.
In this post, I want to exercise the idea of decision timeliness. The question is whether it is better to wait to make the right decision, or to give an adequate decision now, and refine it later.
Evaluating opportunities generally means determining if you should take an opportunity, or leave things as they are. Although there are really three categories of decision approaches, two are similar and straightforward, and one is really difficult.
People often justify procrastination as “waiting for something better to turn up”. When viewed through the lens of statistics and probability, this is a fraught strategy. A higher price may not be the best outcome, as we will see in this article.
In this article I want to examine problems and solutions, and I want to discuss solving problems for the right outcome.
This article looks at the how of solving a problem. It leads into why having several plans to resolve the problem is a good thing.
Be as objective as you can when making decisions, but recognise that there is an elephant in the room. Unfortunately, that elephant is you.