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

Shavkat

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• 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.

 

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gammarays

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• Dec 31, 2022

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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

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• Dec 31, 2022

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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

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• Dec 31, 2022

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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.

 

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gammarays

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• Jan 1, 2023

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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.

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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.