How do you assess the potential outcomes of each decision before making a significant business decision?

Shavkat

Very Familiar

Member

Sep 7, 2022

13,631

947

Dex

$0.515

Raw Dex

$0.003

• Dec 19, 2022

• #1

For me, it is best to use some tools to arrive with the final decisions in business. I used to use Decision Tree Analysis. It needs to determine first the Problem Tree Analysis and then, plot the Solution Tree Analysis before having the final decisions.

 

G

gammarays

Notable

Member

Sep 15, 2022

1,638

138

Dex

$0.000

Raw Dex

$0.000

• Dec 31, 2022

• #2

Before I would make a decision due to past occurrence or current events. Now it's better to follow trends when making business decisions. It ensures you're always up to date.

 

nomad

Very Familiar

Member

Jun 22, 2022

10,951

512

Dex

$0.010

Raw Dex

$0.500

• Dec 31, 2022

• #3

Honestly speaking, I don't analyze the potential outcomes, I don't even attempt to do that. If I had that level of skills, would I be posting on a forum, wouldn't I be working as a business coach?

 

eldavis

Very Familiar

Member

Sep 4, 2022

15,092

664

Dex

$0.000

Raw Dex

$6.276

• Dec 31, 2022

• #4

When i am stock and do not know what choice to take, what i simply do is find out form does who have more experience than me. They would definitely have the answers i need.

 

G

gammarays

Notable

Member

Sep 15, 2022

1,638

138

Dex

$0.000

Raw Dex

$0.000

• Jan 1, 2023

• #5

eldavis said:

When i am stock and do not know what choice to take, what i simply do is find out form does who have more experience than me. They would definitely have the answers i need.

Click to expand...

That's why it's good to pass through an apprenticeship or mentorship program so one can have someone to go to in time of difficulties.