No one wants to fail. In fact, people go to painful lengths to ensure that every step they take is the right one. However, the world has a different plan for all of us! No matter how many spreadsheets and hypotheses we construct, the probability to cover all angles in a complex decision, like starting - Read More -
When I graduated from college, I had a relatively easy decision regarding whether I should take up the job offers I had, or carry on with my business. My business was up and running, and profitable, and, having experienced work in the investment banking department of a large bank, my choice was pretty much made - Read More -
Image by Torbein On my journey as a serial entrepreneur I have had to take a leap of faith, many a time, not knowing how things would shape out. I believe there is a difference between taking a decision based on incomplete information and just hoping for the best and a leap of faith. The - Read More -
“When you cannot make up your mind which of two evenly balanced courses of action you should take – choose the bolder.” William Joseph Slim Over the course of this last week I have talked about the decision making process. This process can help us in making difficult decisions. The process forces us to take - Read More -
“In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” Theodore Roosevelt After weighing all possible alternatives, a decision making point is reached. This stage in the decision making process is where many - Read More -
“Choice of aim is clearly a matter of clarification of values, especially on the choice between possible options.” W. Edwards Deming Once we have developed a list of alternatives, the next step in the decision making process is to rank them. The ranking process requires basic elements to keep it simple, yet effective. The first - Read More -
“The absence of alternatives clears the mind marvelously.” Henry Kissinger Once we have adequate data about decisions we have to make, the next step in the process is to develop a list of alternatives. The purpose of this list is to put down on paper, the different options available. The purpose of this exercise is - Read More -