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Post by gkboone on Jan 28, 2014 20:24:05 GMT -6
I didn't really take very much from this video. Although, I do understand that trusting your gut and sometimes saying no can be a very smart business move. I don't feel like the things you say no to are the most important. I believe the chances you take that become successes are what will define your business. Success doesn't come without sacrifice or some form of risk taking.
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Post by pellirf22 on Jan 28, 2014 21:12:32 GMT -6
TITLE- Jim Fowler: When Was the Last Time You Changed Your Mind About Something Important?
This video is a great lesson and applies in nearly all levels of decision making. At times the easiest answer choice is yes. This may not always be the correct choice, so as a business person the key is being able to analyze each decision and trust yourself to make the tough choice.
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Post by jsherman on Jan 29, 2014 12:08:45 GMT -6
It was good. The gut feeling on decisions is normally the best decision to stick to. He is also right about the best decisions aren't the ones you make, but the ones you don't make. Saying yes to everything is easy, but saying no to opportunities is the hard part and part that require the most thinking of why you made that decision. As long as to why you feel your gut is telling you no, it should go smooth to your colleagues as to why you said no.
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Post by paigecrawford on Jan 29, 2014 14:48:53 GMT -6
Sometimes deciding not to go through with a decision or a big change can be harder than actually going through with it. I believe deciding not go through with something can take humbling yourself. When you realize this may not be the best thing for the company, even if it is a last minute decision you are saying although you may look bad for changing your mind last minute, you are putting your company first. Companies have made decisions that have caused them to close their doors. So when he says, "in business some of the most important decisions you make, are not what you do, but what you decide not to do" I completely understand.
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Post by darnette on Jan 29, 2014 16:46:06 GMT -6
Video was kind of "eh" but I got the point. Despite the many decisions that are made in most businesses on a daily basis, the most important decisions are those you choose not to do. Some decisions have far more impacts on businesses than others. By not following through with some big idea you thought of once, can or may be that deciding factor of success or failure.
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Post by racheleperes on Jan 29, 2014 20:16:43 GMT -6
When it comes to business decisions, it is not always wise to say "yes". It is better to think out the decision thoroughly and then give the receiving end your final decision. The reason behind thinking out the decision thoroughly is that the final outcome of the business deal may not always be a good one. For example, if two companies decide to merge, the newly merged company may not last, causing CEOs and Presidents of the companies to not only lose their job, but also all of the employees at the company.
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Post by asanchez on Jan 29, 2014 23:46:10 GMT -6
I think changing your mind is a good thing. I've changed my mind so much over the last few years. I think as we get older, the experiences we have will change us and that's a good thing. I believe strongly that sometimes our greatest actions are our inactions. I think the main point of his speech was to trust your gut.
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Post by simonebourgeois on Jan 30, 2014 11:26:55 GMT -6
With each discussion made by a company there are two outcomes either good or bad. Decision making for a business can lead to a win or complete failure; it can make or break a business. That is why it is a good idea when making a decision to way all possible outcomes then go with the one with the least amount of possible back fire. However, over time we find out that improvements come by learning from mistakes or poor decision. When a decision goes south then how the company handles the outcomes could be critical for a turn around success. If making decisions was easy then every company and business would never fail.
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Post by lmoore on Jan 30, 2014 14:01:59 GMT -6
Impulse decisions could really ruin a business. It is important to think about what is best for a company or business and not say yes to everything that comes around. Saying no could be difficult at times but not doing something could be the best decision a company could make instead of taking a risk and finding out later that it was not the right choice.
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Post by nataliedodds on Jan 30, 2014 14:48:21 GMT -6
I really enjoyed watching this video. Many times, people just become complacent in their everyday routines. They don't even think about changing things because it's easier to just keep things the way they are. Humans find comfort in things staying the same, but sometimes a change in a business or in our personal lives is for the best.
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Post by csimo123 on Jan 30, 2014 16:21:11 GMT -6
This video brings up the thought of "think before you act". Most people including me make decisions quick without thinking or asking others for help. As the video stated the company was about to make a terrible decision that could effect them for the long run. In life we make decisions some quick that effect our lives forever and some that require thought. So it is not always good to go with quick decisions and "think before you act".
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Post by Rosie on Jan 30, 2014 21:11:09 GMT -6
In the business world, many people want to grow and expand themselves and increase financial profitability. There is nothing wrong with this, but sometimes a business can become too eager too quickly. Many things when things fail, it is because the company or person made rash decisions, instead of weighing out all options and thinking everything completely through. It is much easier to say yes, or go forth with a half thought out plan because of excitement or opportunity. Just because a big decision is handed to you, does not mean you should take it.
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Post by xingboma on Jan 31, 2014 16:45:06 GMT -6
I think in business world what to do and what not to do are equally important. His decision about not acquiring the other company may have saved his business from failing in that area. However, in the world of business, you don’t stay where you are when you don’t grow. All your competitors are watching you and competing with you, when they grow, and you don’t, then you are declining.
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Post by meganlynch on Feb 1, 2014 18:27:00 GMT -6
Doing nothing is a decision. Sometimes companies just attempt to change things that either don’t need to be changed or do not need to be changed at the moment. When something comes out right the first time there is no need to change anything. Companies can get caught up in trying to move forward and progress when sometimes the best move would be to stay put and quit looking for things to do.
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Post by melanconcaitlin on Feb 1, 2014 20:24:52 GMT -6
Decision making is key when operating a successful business. Good and bad decisions can effect a business equally. Bad decisions can be more noticeable than that of good decisions. I agree with the man speaking in the video that business is about the decisions that we don't make rather than the decisions that we do make. Avoiding poor decisions can help reduce expenses and turn more profit for a company. Decision making can be a difficult task in the business world due to the heavy impact it can have, hence why it is so important.
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