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Showing posts with label making right decisions. Show all posts
Showing posts with label making right decisions. Show all posts
Wednesday 9 May 2018

A Framework for Improving Decisions

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Smart organizations can improve decision making in four steps: 1.  Identification 2.  Inventory 3.  Intervention 4.  Institutionalizat...

The Hidden Traps in Decision Making

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Making decisions is one of the most important things we do in our daily living.  It is also the toughest and riskiest in some situations. ...
Sunday 7 April 2013

Investment Decisions and Fundamentals of Value

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@ 6.47 min Managers should invest in real assets and should not be involved in investing in financial assets which the shareholders can d...
Thursday 6 January 2011

Reasonableness and Unreasonableness

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An indictment against the Christian community Opinion    2011-01-04 21:46 My friend Jackson Ng has raised a very rational and legitimate p...
Tuesday 18 May 2010

Big returns come from small caps

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Big returns come from small caps John Collett asks the experts for their top investment tips among our smaller companies. The accounts ...
Wednesday 25 November 2009

When things go wrong: The smart organisation

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Consultants and researchers David and Jim Matheson identify research and development (R&D) as a key area of decision making for business...
Tuesday 24 November 2009

When things go wrong: Some themes of a no-blame culture

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Some themes of a no-blame culture include: discussion of risk (and responsibilities for them) before problems arise, rather than afterward...
Sunday 22 November 2009

Responding to risks: Eliminating risks

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Clearly, if a risk has potentially negative consequences, then eliminating it is the best alternative. Given the choice, we would like to l...

Responding to risks

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Responding to risks - the actions you can take once you've identified a risk and understood its probability and impact. There are usua...
Saturday 21 November 2009

Understanding Risk and Decision Making

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Key ideas: Probability is the likelihood of an outcome.  Probabilities are expressed numerically, but are often subjective. Impact is th...

It's important to remember that people are the real decision makers.

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Tools and techniques for decision making:  Means, not ends However you go about making decisions, it's important to remember that peop...

The Information Trade-Off

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Obtaining more information can help improve the quality of decisions by providing more detail about impacts and reducing subjectivity over p...

Probability/impact matrix to compare importance and urgency of one risk relative to another.

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Probability/impact matrix Having gauged the probability and impact of a number of risks, you can use the probability/impact matrix to com...

Making Life Decisions: appraising cost, risk and expected value, with limited information about the future

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The dice games are simple parallels with the type of decision we take every day in our lives.  Investments offer the most direct comparison....

Decision making: Risk, Probability, Impact, Subjectivity, Decision trees and Expected Value

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You are invited to play dice games version A and version B.  In this game, you bet $1 on the throw of a dice.  Throwing a six wins a prize; ...
Friday 20 November 2009

Using Decision trees to see how probability and impact relate to each other

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We can use the simple example of a dice game.  In this game, you bet $1 on the throw of a dice.  Throwing a six wins a prize; throwing any o...

Understanding IMPACT of a decision

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Probability is the likelihood that a particular outcome will occur. Impact is the effect that a particular outcome will have if it does oc...
Saturday 12 September 2009

Use Binaries to Choose Among Options

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The Forks in the Road to Investing Success Use Binaries to Choose Among Options by Angele McQuade I’m sure you’ve heard the chestnut that th...
Friday 3 July 2009

The Right Direction Starts With the Right Decisions

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The Right Direction Starts With the Right Decisions By Michelle Singletary Sunday, June 28, 2009 Over the years, I've found that people ...