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Post by David Wyld on Nov 22, 2013 9:31:48 GMT -6
Students, Please view and comment on this link of the day - yes, for your education, but also for the points, of course! Watch the video below: Title - Jim Fowler: When Was the Last Time You Changed Your Mind About Something Important?Then, post a comment in reply to this discussion thread. Again, what to post? Here are some ideas: - What did you take away from the video?
- How does the video relate in some way to your past experience (work, as a consumer, family, school, etc.)?
- How might you use these ideas in your own career?
Good luck! David
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Post by bethanyhunt on Dec 10, 2013 15:34:03 GMT -6
Having a business comes with lots of decision making. Sometimes those decisions are easy and sometimes those decisions can be tough. The most important ones are not what you decide to do, but what you decide to not do. Those can leave lasting impressions.
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Post by kelseywatson on Jan 19, 2014 20:18:23 GMT -6
They have better options out there than always saying yes. Sometimes in business it is better to say no to a deal. The decision to say no may be more important. This is especially true if you don't think the deal would enhance your business. Otherwise, you may create problems.
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Post by kaitlyncampbell on Jan 22, 2014 13:43:04 GMT -6
When owning or working for a business, employees are faced with decisions every single day. Some are minor, like whether or not to change the paint color of the building but some are more major, like maybe merging with another company. Ultimately its not always the best option to just say yes, decisions need to be made with the best interest of the business in mind and sometimes no is the right answer. Decisions can make or break some companies so thorough research on a particular idea is key to making the right decision!
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Post by rjmonico on Jan 22, 2014 20:23:38 GMT -6
I would definitely share this video with friends and colleagues. Thank you professor! I feel that not just in business you have to follow your heart. Through business decisions and personal choices that going with your gut is always right! Making the right and logical decisions are very important. When you make erratic decisions they tend to always be detrimental in the long-run. I have learned through trial and error. Being informed and educated is the best way to making great decisions in life.
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Post by wwerner on Jan 23, 2014 11:47:01 GMT -6
Making tough decisions is a part of life and everyone has to do it at some pint. But in a business sense like in the video where the CEO is talking about acquiring another company that is a huge risk. It's a huge risk because there are so many things that can go wrong. Also more often than not the deals fall through and that leaves the stock holders wanting answers.
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Post by mwinner123 on Jan 25, 2014 19:56:46 GMT -6
In life, we will always have multiple decisions. Some decisions will be difficult and some decisions will be relatively easy. Regardless of the business, every large decision will require large extensions of research. However, sometimes when we decide to stop a decision, we also risk missing out on an opportunity that could the entire dynamic of the business. Unless it is something super obvious, I feel as though decisions can be comfortably made when one takes the adequate amount of time to research the pros and cons of that decision. Once we discover that the pros outweigh the cons, we can feel comfortable that we are making the correct decision because of the extensive research we have done. Regardless of the decision, we should always determine multiple outcomes, choose which is best for ourselves and the company, and then go along with it. There is a risk associated with every decision that we make. We can only do the research and make the best decision from what we see. We sometimes cannot adequately measure unforeseen circumstances. I agree to the video to an extent, but I feel as though decisions can be comfortably made once the research is done.
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Post by brettstirling on Jan 27, 2014 12:14:16 GMT -6
Decisions you make will always have an impact: big, small, positive, or negative. However, a smart decision is generally the best approach. It doesn't matter who you are or who you work for, you will always be faced with important and sometimes tough decisions. In some risky situations it may be better to not decide on anything and move forward in a different direction. Calculated risks and outcomes should be compared to each possible positive development. With great risks come great rewards and even greater consequences. It's a careful balance but sometimes a decision doesn't have to be made.
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Post by Jessica Aucoin on Jan 28, 2014 14:45:58 GMT -6
Making many decisions comes with any business that you own. One thing that I’ve always observed about people in power is that no matter how many good things you do, you’re only remembered for the one bad thing you did. This fact is why, in my opinion, the decisions you don’t make are more important than the decisions you do make.
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Post by ken9390 on Jan 28, 2014 16:18:55 GMT -6
This video is relevant in the fact that we are always taught in school to make decisions, acquire assets, and invest in different things, but we rarely learn about how to identify when to not acquire or spend money. This video triggered some 'back door' thinking about running a business, we always hear in the news about the big mergers and acquisitions and get caught up with the lucrativeness of big named mergers. What we don't see is the countless rejected proposals that it took to get an accepted one. Bottom line is decision making is everything for a manager, not only the decision to, but the decision not to as well.
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Post by codylejeune on Jan 28, 2014 17:21:14 GMT -6
Making decisions are part of life. Everone has to make decisions on a day-to-day basis, but some are minor compared to others. I have always been told to listen to my "gut feeling," and I always have and always will. There have been a couple of times where I had a gut feeling not to do something or go somewhere and I am glad I listened to them because it worked out for the best that I didnt.
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Post by katelynjones on Jan 28, 2014 17:47:23 GMT -6
I don't know if I totally agree with this video. I do think it is important what you do decide for your business is important. Having business intelligence is key to running a business. I do believe going with your gut is your own personal decision but having all the facts will make that decision easy to justify if needed. Last time I changed my mind about something important was when I changed my major.
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Post by chelsearickett on Jan 28, 2014 18:15:48 GMT -6
This was incredibly vague. I'm not exactly sure what he was even talking about. I do agree that "not doing" something can be important, but that can be applied to everything. Don't steal, don't speed, don't do drugs, don't drink and drive, don't lie about your taxes, etc., etc. So I'm not exactly sure what he meant by that. If ever you have a bad feeling about something, it's best to do some research about it and don't ever "do it" until you feel it's the "right" decision.
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Post by stephaniesmith on Jan 28, 2014 18:42:16 GMT -6
Saying no is a lot of the times harder than saying yes. This video did not have very much depth but I understood what he was trying to say. It is important to avoid bad situations to save your company's reputation and bottom line. I have never had an experience when I said yes instead of no and regretted it. Everything I do has a purpose and always contributes towards my future.
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Post by brittanycompton on Jan 28, 2014 20:17:51 GMT -6
This video is interesting because I actually have had this happen to me. I decided to start a project at the salon and I realized that this was not a great time to start this new thing as well as the people doing it were not prepared enough or have the information. It is important to make the right decision and like my mom always says, "always go with you gut". Sometimes with changing a decision could really make a break and organization or company. So make choices wisely!
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