Sunday, April 17, 2011

Decision making and strategy improvement

Date: 17-4-2011

Management on decision making and strategy improvement

Every Tuesday, Professor Lin ( Founder of money and You in Chinese) has a Video course on 决策力- management on decision making and execution.

Everyone every day makes decisions. People with different characters and personality tend to have own habit in decision making. Every type has their own merits and defects.

OX type: quick maker and quick action taker but have less sophisticate consideration on if their decisions are viable, workable or acceptable by others. They think either in black or white way. Not flexible.


Eagle type; stay high and has rich imagination but only on surface and not go to details. So they are no good at problem solving. But they are very flexible and see many opportunities that others who cannot realise.

Bee types: team workers. Never makes decision alone. Collect all other ideas but may not the best if the others are capable to make decisions.

Hunting dog: They will try to make the best decisions by collecting all possible info and use all resources. Sometime they are too afraid to make a wrong decisions and then end up doing nothing in the end.

A good decision maker and good leader should have the four types' strengths and avoid their weaknesses and blind spots.

Professor Lin quotes one of CEO of the IMB that

* "There is no best decision. One can only make the best possible decisions in a certain condition and continue to adjust it to be better or more effective."

* Don't worry to make a wrong decisions because the worst decision is not to making decisions.

* There is no failure but feedback. ( Chris Howard)

* There is no failure but feedback. ( Chris Howard)

* The earlier mistakes made, the earlier adjustments made, the earlier successes achieved. (Pro Lin)

* The more mistakes made, the more adjustments made, the more successes achieved. (Pro Lin)


* Find the optimum Strategy and system are crucial for a successful decisions. (Pro Lin)

 对决策的结果有极强的容忍度,随时保持弹性。对各种意见都能泰然处之,保持客观,避免走入决策的误区。(Pro. Lin

So I think before start doing anything, finding out the best possible strategy can save lots of time and energy.

Get a habit to make a strategic plan and work on it daily. The more strategy you make, the more adjusments you can do and the better, quicker decision maker you will be.

http://happinesshealthdw.blogspot.com/2011/04/how-to-gain-control-of-your-own-life.html






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