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Post by amandayoung3231 on Feb 1, 2014 20:51:07 GMT -6
I could not agree more with his statement. I think it is important to listen to your gut feelings. You may not always feel 100% about a project but if you feel it is really wrong then it probably is wrong. You can save companies lots of money for stating your input. I would say not to hold back the thoughts you have on a situation just in case more than one person is feeling the same way. Some people may not want to be the first to say this is a bad idea.
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Post by shennellw on Feb 2, 2014 13:05:42 GMT -6
This video put a lot in perspective to say it’s so short. I agree that the decision to-do verses not-to-do can be the hardest part about business. This decision can make or break a business. I never really thought, until this moment, how important changing my mind could be. Everyone has to make choices or decisions, but who makes the decision to stick with the decision or change it? That’s the powerful person.
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Post by arenee1370 on Feb 2, 2014 13:20:01 GMT -6
I honestly did not like this video at all. I do understand the concept of not doing something that may have a result in our business or everyday life but in this video I didn't get the benefit of deciding not to do something. The only reason I saw that he would not do an acquisition is because of the high risk factor. The other side to taking high risks is the high reward.
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Post by bmcgarry13 on Feb 2, 2014 17:33:02 GMT -6
I love the 30 Second MBA videos, regardless of quality because it challenges the students to think critically on topics through a sense of vagueness. I am starting to think of them as the "Choose Your Own Adventure Book" topics, where it leaves the individuals greater freedoms to express their feelings without fears of having to conform. With that being said, I feel as if the speaker is only partially correct. Metaphorically speaking, when gambling it is important to know when to fold. However, this conservative behavior almost never merits growth, as most times risk has to be taken to secure investments and returns; you must spend money to make money. In short, success is not guaranteed through what you decide to do or not, but rather why you decide to do something or not. A business decision is more complicated then robotically answering yes or no because much instinct and analysis is always involved. This means making a decision or lack of one is only as good as a person's ability to rationalize the cause and effects of doing so.
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Post by dnewson on Feb 2, 2014 18:37:37 GMT -6
This was a short video, but a very important statement was made. I agree as well that it is important to sometimes not make that final decision that you originally thought was a good decisions. This situation probably happens a lot in companies, when a project is originally presented with all of the "bells and whistles" it sounds like a great opportunity. But once the dust has settled and you review it in detail, you decide that it is not best for the company. So as this video states, the decision not made is sometimes the best decision.
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Post by susiekaz on Feb 3, 2014 16:43:26 GMT -6
I have never thought about this idea and definitely did not think this was going to be the topic for this video. It is interesting to think the things you decide not to do are more important than the things you decide to do. In my opinion, jumping into a new and risky idea is more a great thing than not. I think you can't be afraid of failure, as long as it doesn't cost you millions of dollars. It is good to take risks and try new things; if people didn't we wouldn't have new and innovate products and services.
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Post by halearnold on Feb 3, 2014 17:59:40 GMT -6
"In business the most important decisions you make are not in what you do, but what you decide NOT to do" this is a profound and accurate statement. In less than 40 seconds this clip promoted a valuable lesson. Of course I am not in full agreement on the gut check, but sometimes that separates mediocrity and greatness.
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klayne
Junior Member
Posts: 24
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Post by klayne on Feb 3, 2014 20:30:07 GMT -6
In business, there is a great amount of decisions to be made. Most decisions include whether or not your company will do something. As it turns out the most important decisions are the ones that conclude with the idea not to do something. Some reasons you might decide against something might be that it does not feel right or it could be too risky. Sometimes it is better to err of the side of caution rather than to follow through with that decision.
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Post by shantel on Feb 4, 2014 13:54:26 GMT -6
Again the video was kind of short to really get something from. I feel all options should be sought out first. When there is time to make a decision then people should definitely take out the time to make those decisions. I don't think decisions should be made from gut feelings. Furthermore, instant gratification can cloud someone's judgement. Overall the video made a good point, yes is not always the answer to the problem.
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Post by jjohnson on Feb 5, 2014 10:28:07 GMT -6
It’s always a good idea to go with your gut; most of the time it’s telling you the right decision. I know some people will caution you against second guessing yourself, but if the issue is still on your mind, you are not completely sure about it. Decisions that linger on the brain are often big decisions that will affect many people and things, so you should never rush into them. If you need time to think on it, do so, but in a timely manner. You must also keep in mind that things don’t come to a halt because they are difficult. Other people are waiting on you to make up your mind, so do what you feel is best. It’s also a good idea to use all tools available to you for making a decision; rule books, guidelines, etc.
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Post by benallbright on Feb 5, 2014 11:34:13 GMT -6
I would agree that saying no is usually better than saying yes when it comes to business. Especially when things are running smoothly, change can hurt an ogranization more times than help it. I think it goes back to the old saying "if it's not broken, don't fix it". I also think he could have narrowed it down a little bit. Thanks for sharing.
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Post by ashleysegalla on Feb 5, 2014 13:35:01 GMT -6
I think my favorite line from this video is when he says "In business, the most important decisions you make are not what you do, but what you decide not to do." Sometimes its best to not do something that is too risky. I had a job when I was younger that asked me to do some unethical things. I refused to do them, and found a new job. I decided it was not worth putting my job on the line to do things for people that was not right.
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Post by kati3 on Feb 6, 2014 14:27:17 GMT -6
I agree that the most important business decisions are the things you decide not to do! The same can be said in life. "I will not drop out of high school and settle for a minimum wage career!" or "I will not give my customers subpar service!" Everything sounds a little bit better when you put the power of stubbornness behind it.
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Post by allisonschex on Feb 7, 2014 9:20:34 GMT -6
Making decisions isnt always easy. Sometimes a idea seems like it would be a good but there are many "if's" that dont sit well with your gut and there is usally a reason for that. There are times where you can take a risk when it is possible but it is important to make sure it wouldnt have a huge impact if it doesnt work out as planned.
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Deleted
Deleted Member
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Post by Deleted on Feb 7, 2014 15:12:44 GMT -6
This video gave me nothing to go off of. Business decisions do not rely off of just gut feelings. Decision making relies from thought and creativity along with personal experience. The best decisions are made on the whim when time just throws the right decision in your grasp.
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