![]() It can affect the smallest decisions in life, from what you’re going to have for dinner to the more impactful decisions that could change the trajectory of your life. It is a common trait that many people struggle with, and it can get in the way of leading the life you want to lead. People that cannot make decisions in life are called indecisive. In business decisions, it is a lot easier to separate emotions and make decisions that will benefit the business, its reputation and profitability. There is an increasing trend for using business intelligence tools, in order to help them evaluate their input and output data for performance enhancement. In an increasingly competitive environment, strategic planning is necessary for businesses to survive. How are business decisions made?īusiness decisions involve a lot more strategic thinking, – they are based on logic and data research, as opposed to emotionally charged decisions. Emotion plays a huge role in the decisions we make and it’s a factor we need to consider when trying to make the right ones to benefit our life. We don’t always make the best decisions based on facts, even when they are led out in front of us. Psychologists say that most of our decision-making is driven by emotion as opposed to a logical process. For the harder decisions in life, though, they will take time to ponder, dwell over and give consideration to. How do we make a decision?įor some decisions, we can make them on the spot, almost instantly, without giving them too much thought. How many decisions do we make a day?ĭid you know that we make approximately 35,000 decisions every single day, that’s an amazing 245,000 decisions made every week, and when you actually think about it, it is quite plausible.įrom the moment you wake up in the morning, you repeatedly make decisions throughout the day on what to do next what will you have for breakfast? should you brush your teeth now or after the shower? All of these thoughts lead to a decision-making process in the brain you don’t have time to sit and have a coffee, so you throw it in your to-go mug and rush out the door. Whether the decision you need to make is related to your career, family, love life or even what you’re going to have for dinner, this article can help you make better decisions that will benefit your life now and in the future. If you’re reading this, then there is probably a good chance that you feel stuck at a crossroads. It’s easy to become overwhelmed and want to shy away from making those hard choices altogether. In 2014, he was named a "40 Under 40" by the Baltimore Business Journal.How to make a decision that will benefit your life? Making a tough decision can seem like an impossible choice, especially when it seems like the consequences might change the course of your life. His work has been featured in Forbes, Fast Company and The Washington Post. Currently, he is the Senior Director of Product Innovation at the Hawkins Group. Tom Popomaronis is a commerce expert and proud Baltimore native. He sees no reason to compromise his standards or violate his beliefs." "It isn't just that he does what's right, but that he does what's right for him."Īs Spier observed during his lunch with Buffett, "There's nothing fake or forced about him. "One of Buffett's defining characteristics is that he so clearly lives by his own inner scorecard," he writes. ![]() Guy Spier, an investor who won a charity lunch with Buffett, wrote about Buffett's sense of moral excellence in his book, "The Education of a Value Investor." But people often subscribe to the outer scorecard."īuffett certainly practices what he preaches. ![]() Ultimately, he says, if you can find peace and comfort with your inner scorecard, "you're going to live a happy life. The outer scorecard refers to what could be measured by those around you. ![]() The inner scorecard refers to living through values that are important to you. "Some people get into a position where they think all the time what the world is going to think of this or that, instead of what they themselves are going to think about it." He taught me that it's more important in terms of what's in your inner scorecard than your outer scorecard," says Buffett. "I got an awful lot of good advice from my dad. Reputation is important, but Buffett also emphasized another key lesson: While we want to be admired by our peers, we should never have to compromise our own standards. ![]()
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