Importance of Decision Making in Business Every decision a business makes will have an impact on its balance sheet. The idea of “gut-feel” and intuition is not a comfortable topic for many companies. According to former arbitrage trader Helen Lee Schifter, there’s a common misconception that the best decision is the one you can justify
Decision Making in Business In the business world, one will often have to make decisions quickly and with incomplete information. Whether it’s choosing which marketing campaign to run or determining whether to outsource a specific process, there will be innumerable decisions to be made daily. As stated by surgeon Jordan Sudberg – making a good
Making Better Decisions in the Workplace A workplace is an important place where people make decisions. But making these decisions can be difficult. Workers usually had to rely on their intuition and gut feelings in the past. According to educator Jonathan Osler, work is an important part of our lives, but it can be difficult
Driving Innovation with Better Decision Making The world of business has changed dramatically in recent years due to the rise of digital and social media. It’s no longer enough for a company to be good at what it does; they also need to react quickly and efficiently when new opportunities arise. This means that businesses