HOW TO MINIMIZE RISKS WHEN MAKING DECISIONS Most decisions contain a degree of uncertainty. Use your own judgment and experience to remove as much doubt as possible from a situation. Think through the consequences of your actions, be prepared to compromise, and consider timing carefully. Assessing the Consequences Making...
Year: 2020
HOW TO FORECAST THE FUTURE IN DECISION-MAKING Decision-making rests on predicting the future and assuming that events will unfold following an established action plan. Develop methods of improving the accuracy of your own forecast and ways of using forecasts made by others to the best effect. Selecting Methods of...
GOVERNANCE STRATEGY FOR THE “NEXT AFRICA” …Guides for overpowering “Simulation Managerial System” in post COVID-19 Africa. This article is published by tcbassociates.com based on Content Marketing Partnership with the original author, Dr Chris Ohanemu. PREAMBLE This discussion is hardly a comment on INTERNATIONAL RELATIONS. It is […]
HOW TO GENERATE IDEAS The creation of new ideas is vital to bring fresh light to the decision-making process. When sourcing fresh ideas, strive to achieve the right balance between imagination and practicality. Your first hurdle, however, lies in generating ideas from others. Brainstorming for ideas Brainstorming meetings are held...
HOW TO DECIDE WHOM TO INVOLVE IN A DECISION Whom to involve, and how, is your very first decision as a decision-maker. The number of people you can involve ranges from none, in which you make a decision single-handedly, to total, in which you lead a whole team searching for...
HOW TO IDENTIFY ISSUES WHEN REACHING A DECISION Mastering the processes and methods involved in taking decisions goes a long way towards maximizing your effectiveness and efficiency as a manager. Identifying Issues It is crucial to diagnose problems correctly. Before any decision can be made, identify and define the issue...
HOW TO RUN A SUCCESSFUL DELIVERY COMPANY DURING PANDEMIC The COVID-19 outbreak has completely changed the way we live, the way we do business, and the way our economy functions as a whole. Many states are still in lockdown. More people are being asked to work from...
MANAGEMENT COMPETENCIES THAT PROMOTE RAPID COMPANY GROWTH (2) Entrepreneurs who build substandard companies that grow to more than $10 million in sales and 75 to 100 employees are good entrepreneurs and good managers. Typically, they would have developed a solid base and a wide breadth of management skills and know-how...
HOW TO IDENTIFY POTENTIAL RISKS IN BUSINESS AND CALCULATING THE PROBABILITY THAT A RISK WILL OCCUR Risk is a fact of business life, and a company’s exposure to risk increases as the venture grows. Understanding where the risk lies allows the enterprise to respond effectively through process improvement strategies and...
IMPORTANCE OF CHOOSING AND MANAGING A LEGAL COUNSEL IN BUSINESS Almost all companies need and use the services of attorneys, and entrepreneurial ventures perhaps more than most. It may be necessary for entrepreneurs to possess extensive knowledge of the law in addition to selecting good attorneys. Various authors have described...
