Think of decisions like a change of position, and no one thinks of positioning better than investors. So why not borrow some of their exit strategies for businesses to implement in your decision-making strategies? Here are 5 exit strategies for businesses to use in small and big life decisions. Merger & Acquisition (M&A) exit strategy […]
Tag: decision making
What is an exit strategy? An exit strategy is simply a way out. Financial investors and start-ups always have one thing on their mind, their exit strategy. What about your decisions? You need to be prepared. What if you change your mind later? You will have a way to exit and move on. The mere […]
What is tradeoff economics? Economics is all about tradeoffs. For every choice, there is an opportunity cost. On a personal level, we make thousands of decisions every day. At the supermarket, we choose which groceries to buy. Choices are based on constraints such as money or values such as health habits. In big decisions such […]
Whenever you make a decision, think of the consequences Decisions are not islands in the ocean; they are like the dominoes tiles competitions. Every decision has consequences. Decisions are either small or big In making small decisions such as buying clothes or what to eat for lunch, you should not allocate a lot of time […]
Exploring alternatives is the first step in the exploring stage of the decision-making process. Here are seven pitfalls to avoid while exploring your decision choices. Seven common mistakes done while exploring decision options 1. Anchoring Watch out for anchoring. One of the most common traps in decision-making is to anchor on a single alternative (often […]