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Decision Dilemmas

Decision Dilemmas. All about making and taking a decision. Decision : The act of making up your mind about something. This can be an opinion about somebody or something. Opinion is not judgment - Opinions assist in judgment. Decide to do something

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Decision Dilemmas

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  1. Decision Dilemmas

  2. All about making and taking a decision • Decision: The act of making up your mind about something. • This can be an opinion about somebody or something. • Opinion is not judgment - Opinions assist in judgment. • Decide to do something • To Decide to do something also means to decide not to do something. Example: I decide to start my day early. Meaning, I decide I will not wake up late. It also means that I decide to sleep early…and so on… Example: We have to decide on which car to buy, where to invest, where to construct house, and so on… • Decisions can vary from simple ones to complicated and serious decisions.

  3. Types of Decision • Good Decision • Bad Decision • Incorrect Decision

  4. What is the difference? • Optimal Result – Good Decision • Average Result – Incorrect Decision • Failed – Bad Decision

  5. Case study – Starting a Venture • Decision to Start a business - Good decision, can be incorrect or bad decision • Decision to quit Job - Good decision, can be Incorrect or Bad decision • Optimal Result - Good Decision – If the business grows and becomes profitable. • Average Result - Incorrect Decision – if growth becomes stagnant and eventually stops • Failed - Bad Decision - Would have been, if….

  6. What it means? • Every Decision taken will need another decision to achieve the previous decision: It’s a series of decisions! • The business cannot start unless the founders quit their jobs • The business cannot grow unless the founders focus all their energies towards making it work, after quitting their jobs • The decision to quit the job can become an incorrect decision unless the founders start growing the team and start delegating: Thereby growing the business - Their first unanimous decision. Conclusion: The decision to start a business, quit the job is a personal decision, that decision can have a positive impact on millions and keep growing the benefits.

  7. Examples of some famous decisions • Mohandas Karamchand Gandhi decided that India was to be freed from the Queens rule. Not that he was the only one, there were many but his means to buy (decision - Gandhigiri) freedom was different and shameful for the British, that they had to quit. • Dhirubhai Ambani – wanted to create wealth and he did, not only for himself but for all • Larry Page & Sergey Brin wanted to collect and make available the entire information available in the universe. Their college project -Pagerank resulted in Google – literally replacing the Oxford dictionary. • Steve Jobs decided he was wasting his time in college studying subjects that did not inspire him, so he dropped out and took up a calligraphy course • Result – Apple Inc - Mac PC, iPod, iPhone, Pixar studios and the numerous creations that has changed the way we live • Bill Gates decided to drop out from college to do more of what he liked doing • Result – Microsoft – his decision opened Windows for us to see the world.

  8. What if? • Would it have been a bad decision? May be • Would it have been a incorrect decision? May be • So, there are pros and cons to every decision we make and take….like a coin has two sides. Whichever side we look, will not take away the value from the coin. Similarly; a decision, whatever the result be -Optimal, Average or Failed; will never take away the value from the decision.

  9. Value • It’s the depth of the decision • Why it was taken – Purpose; • When it was taken –Time (it’s not about the time of the day) – What was the situation? • What influenced the decision – Factors (discussed in the next slide)

  10. Factors influencing decisions • Family • Upbringing, relatives, elders • Society • Cultural, religion, political • Education • Level of education – it’s not about being literate – it’s about awareness • Experiences • All through our life- personal and professional • Hear say • Gatherings, meetings, get-togethers, • Peers • Colleagues, friends

  11. Questions Send in your suggestions/questions/feedback to nabarun2104@gmail.com

  12. Think and Think again • Never take a decision for immediate gains or in haste…the result might be favorable for the time but in the long run the decision will result in mayhem. • Think and think again while making a decision. Once taken, do everything possible to make it a success! TIP: Think when you are alone and calmed within 

  13. Few examples of the decisions we make, take – Decide! • Decision is needed at every point in life • Family decision • Education decision • Career decision • Decisions that are good for one may/may not be the same for all • Decisions can have an impact on one or many. • Decisions can be good for some, bad for few and average for others.

  14. Summary • No decision is Good decision or Bad decision…it’s the value of the decision- if the result is anything other than Optimal, the decision must be re-worked. • Decisions are only choices. • Choices make who we are and eventually become!

  15. Ownership Remember that the Choice is Mine! Entirely mine! There is no running away! Blink! Think! Decide!

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