Making intelligent decisions in Business

[Ralphjoe]

Making decisions is one skill that every Business manager must master, not just any decision but intelligent decisions backed with so much facts and logic. These are some of the ways to make intelligent decisions for a business:
*Get all your facts right
All relevant information as regards the subject or issue you need to make a decision on must be gathered.

* Consult your inner feelings
Before making any decision in a matter, always endeavor to check your inner feeling about it, this is what some people call gut.

* Good timing
When making a decision we should learn how to separate sentiment from fact and also know when it is appropriate to make such decision.

* Follow through with your decision
Whenever a decision is made, always follow through with them

* Flexibility
Decision should not be made to be final but it should be made in a way that is dynamic, so that it can change as situations changes.
These are some of the ways to make informed decision as a manager in your business. You can add anyone if you know of any, let's discuss guys.

 

[Sincerem]

Okay, making intelligent and wise decision will drive your business course higher. When making decisions that concerns the business welfare, it needs to require adequate plan and reviews about how it gonna significantly improve your business status.

 

[Trexxxy]

Also it is important to ask for help when you feel like you are in a hard place, especially from people who have more experience than you do , it is also to important to filter information when you register them. Another important thing to note is always separate business from emotions.

 

[Shole1]

Flexibility is most likely the best trait you need for you to be able to survive. Can you change your supplier? Can you fire the workers that damage your company?
Flexibility is way more important than you think. And it's not just in business, if you can adjust in life you can win in it. People say you gotta stay on your path, but if on your path you have broken glass and you are barefoot, wouldn't you go a bit around that broken glass to get to your end destination?

 

[Bookwormlux1]

Intelligent decisions help propel your business to the right direction. It helps you as a business owner to get rid of avoidable mistakes.
Using one's instincts is crucial in making proper intelligent decisions because you are the only one who means good for you and you would always give your self the best all the time.

 

[Kamon c4]

I’m impressed by this article it’s spot on and I really love it. Decision making is a critical and important aspect of business management. A good business owner must be able to make quick and wise decisions in a very short period of time

 

[Ehizzy1]

I think making intelligent decision is actually good but what really matters most is implememting those decisions and taking it into consideration , because that would have effect, since decision without implementing it is like a waste

 

[Oscar]

Intelligent business decisions will definitely help boost a person's business, these decisions can range from a proper and thorough knowledge of your consumers , taking in minimal debts, anticipating outcomes, analyzimg risks.

 

[Vladv26]

You can't always make the best decisions because we are humans and sometimes we fail and take bad decisions. The important thing is to make sure that you took the best decision you thought it was possible and if it was the wrong one then learn from it and do it right next time

 

[Ridorz]

The making of right decision in any situation is the one of the skills that businessman) woman must have in which to make the business grow. A business man must be always think about the improving of business and make necessary decision on time.

 

[Alexandoy]

When it comes to making decision I think there is no standard move because it is always on a case to case basis. My take on decision-making is always to take into consideration the effect on both (or all) parties involved particularly the customer, the supplier, the prospects and your workers. A business decision should always be fair and not just the benefit of the business is in the mind. For better implementation of the decision is to use diplomatic approach so there will be no hard feelings.

 

[Presido]

Making intelligent decisions really matters a lot, it has to do with everything about your business , your decy can either ruin or develop your business. That's why intelligent decision making is very important

 

[MizzLala]

Oh, that's a given! But the one fatal mistake I see many people making is thinking they know it all and don't need anyone to get ahead. I always urge people in business to surround themselves with smart people with the skills that they don't have themselves, the people they can trust to help them make shrewd business decisions and grow their businesses.

 

[Nma]

We take decisions from time to time in different aspects of our lives and business is one of them..... At different points in our business we will be required to make intelligent decisions because the success of our business is dependent on it.... we should try as much as possible to make decisions without sentiments and bias.... we shouldn't also make decisions based on our emotions and feelings.... we should make decisions based on facts and what is proven to have worked over the years for other businesses

 

[joy101]

Making any decisions is very important every manager should must Master, for our business to succeed we have to make a good planning or decision

 

[Defaith]

It really good for a business man or an entrepreneur to make a good decision in business. Because there are many business that will cover unexpectedly and in that process someone need to take decision about it

 

[chicnthin]

One of the characteristic a manager or an entrepreneur should have is the ability to make tough decisions. Being in a business industry means, you have a lot hard decisions to make. It's also important to ask your team or employees about their thoughts, but the call will still be yours to make.

 

[Erik4150]

Sometimes an entrepreneur can be in a situation where he does not know the most intelligent decision to take. In this case I would suggest speaking to a mentor, an experienced business man or even fellow entrepreneurs. Not everyone can make the best decisions all by themselves every time.

 

[Nicklas22]

1. Set Clear Objectives. Using the SMART mentality, you should be able to set clear business goals and objectives.
2. Rely on Evidence.
3. Understand Your Audience.
4. Learn from Your Mistakes.
5. Create Contingency Plans.

 

[Pirate]

I liked the part of flexibility. One needs to be flexible while making decisions, especially when the progress of a business restaurant on that decision.
A decision can make or break a business, to make the right decisions one has to avoid bias and overly jumping into conclusions. And again, nobody knows it all, so an advice or two will help in making decisions.