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 […]
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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 […]
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 […]
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 […]
HOW TO STRUCTURE A DEAL What Is a Deal? Deals are economic agreements between at least two people. In the context of entrepreneurial finance, most deals involve the allocation of cash flow streams (with respect to both amount and timing), the allocation of risk, and hence the allocation of value […]
HOW TO SELL WITH MAGAZINE, RADIO AND TV ADS (PART 2) Radio and TV ads can be effective in selling consumer-oriented products. Weight-loss products, auto safety devices, tapes, videos, cooking sets, fishing gear, and a host of other products are sold either through thirty-second to two-minute ads or half-hour-long infomercials. […]
HOW TO SELL WITH MAGAZINE, RADIO AND TV ADS (PART 1) Radio and TV ads can be effective in selling consumer-oriented products. Weight-loss products, auto safety devices, tapes, videos, cooking sets, fishing gear, and a host of other products are sold either through thirty-second to two-minute ads or half-hour-long infomercials. […]
