Deal Or No Deal: Making The Right Decision
Source: American Management Association
Every day we are confronted with decisions that affect our lives in varying degrees. When a crisis occurs or tough choices need to be made, the ability to make accurate judgments is essential. At times the choice is between two defined alternatives, at other times there may be many possibilities. Making the wrong decision or judgment can have grave consequences. Too often, decision makers make decisions based on inconsistent messages or incomplete data. According to a survey by the author, 75% of workers made business decisions that were later determined to be wrong due to faulty data.