Your decision-making could be influenced by your state of mind at that particular point in time and that is why you want to take decision. You should always maintain a stable state of mind so that you can make the right decision and you should never make decisions when you are not happy or when you are over excited.
What are the factors that influence your decision taking in your company?
- Thread starter Reedex
- Start date
So when you are unhappy or too excited, you don't make a decision, wait?, time will keep running, what if a customer complains while you can't make a decision, or an accident occurs at your workplace, many of your employees are injured, do you have to wait they get worse.
There is never a time when we are at stable state of mine. Our mind keep fluctuating and reacting to every external stimulus. Once there is a challenge or inconsistency in our business, whether we are happy to not, it will not affect our decision much. If we are not make sells, whether we are happy or not, we know we have to fix it.
The factors that will affect your decision-making is your state of mind and that is why everything that is happening in your surroundings could affect your decision making.
That is very correct and also there are some decision-making that you cannot make alone because it is going to affect the company in a very big way which is why you need all the executive members of the company before a decision can be made.
Some factors that actually influence my decision making could be my mood or simply the economic situation in the country, or simply based on the customer or the amount of profit i would get. Like today i rejected a job for two reasons. One with the current situation in Nigeria i do not want to go through any bank issues, two, the profit i would get is not worth be going though any stress right now.
It's good to stay calm when you need to make a decision. Sometimes, you may need to make a decision based on your "gut feeling". At times, you need to Investigate the situation in detail. Think of possible alternatives and explore your options. Select the best solution according to your knowledge and experience.
It depends on the kind of decision. If it is a production decision, we rely more on market survey and feasibility study stats. If it is management decisions, we look at the factors carefully before making a decision.
As far as I'm concerned, profit making will always be a big factor that affects my decision making in my businesses.
It is always better to look for ways to make money from businesses.
This is very true. The primary focus of any business is to make profit. And they always make decisions that would put their profits at an optimum level. Business decisions are not made based on sentiments.
