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Post by patrickschwaner on Feb 9, 2014 14:20:27 GMT -6
I think this short video raises a simple but good point. There is nothing wrong with changing your mind about something in business. Sometimes we make impulsive decisions which we might regret a little bit later on when we have more information about the subject. But there is nothing wrong with changing your mind if it will lead to a better result. Being too prideful to admit a mistake is the worst idea.
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Post by jprend on Feb 9, 2014 18:54:35 GMT -6
What i took from this video is think before you make a decision. For the most part once you make that decision you can not re do it without consequences. Sometimes when you hold off or pull the trigger it works out better than the other option would have. From personal experience i know from some big decisions like where i wanted to attend college, now i would never go to any other college. In my career this could come in handy if i ever need to make or not make an important decision.
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Post by godwesso on Feb 9, 2014 20:55:05 GMT -6
Sometimes can be what you decide not to do is the difference between those that quit school, college or a job to start companies and do things that change lives. 'Gut feeling' is not a business concept, it is an individual choice and cannot be used as a guide to the professionals out there. If a leader can explain why he went with a gut feeling, then that i think is more acceptable than the feeling without explanation. Decisions by gut feelings sometimes win but also fail sometimes. Personally I agree with the CEO, but academically i think it is wrong to teach gut feeling as an aspect of making business decisions.
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Post by jessicaratelle on Feb 11, 2014 8:38:25 GMT -6
In running a business, the decisions you make can determine whether or not your business is successful. There are so many aspects you must look at when making a decision. Although there are many good decisions you can make, there are also plenty that you should choose to not do. What shows a good manager or owner is one who takes the time to really look at the effect this decision will have and plan accordingly.
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Post by jessweaver on Feb 11, 2014 22:11:39 GMT -6
I like the new perspective this video offers. I have never thought about how the decisions how to not do things can be a good thing. I also think that this video points out the good point that you should always trust your gut instinct. Sometimes what your head is telling you to do or wants you to do is not always right. If you have a bad gut feeling about a particular business decision you are thinking about making, you should definitely re-think or at least ask other people about the decision.
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Post by wdeben on Feb 11, 2014 23:25:05 GMT -6
Separating ones emotions from factual data can be hard at times. The numbers could be telling you "go with the merger" but the idea of splitting a company can be unsettling for business owners. Some owners see their businesses almost like children and letting them go with give them a regretful future. Regardless big decisions that result in major change are never easy. It's best to go over all option and weigh the cons and pros of each then make a decision.
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Post by asmith422 on Feb 12, 2014 17:40:45 GMT -6
In business most people think of ways that they can change things in their company to stay competitive but people don't always think of what they shouldn't change. If something is working well in a company and has been for awhile then don't change it. Change can be a good thing but it can also be a bad thing if it's at the wrong time.
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Post by jimmykotter on Feb 15, 2014 15:20:01 GMT -6
this brings up a great point! i saw a video that brought up the point on how many times in failing projects we still have many incentives to continue on with the project even thought we should think about it rationally and pull the plug on the entire thing. sometimes it is harder to quit something than to keep going this can be linked to many things. we have egos and we are programmed our whole lives to have perseverance but sometimes its best to keep your wits about you and choose with hill you want to die on. meaning that some battles are just left un-fought.
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Post by sdoescher on Feb 16, 2014 10:35:32 GMT -6
Interesting thought. Many companies tend to fail because they grow too fast. Purchases and mergers are typically done with praise but the true cost is carried on the company's books for years. It's hard to say no sometimes when you have the ability to do it and fear missing out on an opportunity but I'm sure everyone would agree gaining nothing is better than losing something.
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Post by patiencedaigle on Feb 19, 2014 23:27:07 GMT -6
I feel this video was extremely vague, and I think it's obvious if you have a deep feeling not to make a certain decision then don't, business setting or not. I also think this is one of the hardest decisions to make when others are already involved in the situation. Fear of messing up or letting others down plays a big role in this. As a manger the last thing you would want is to lose your teams' trust and respect because of a poor decision. So, I say go with the gut feeling!
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Post by kourtneyb on Feb 20, 2014 12:22:10 GMT -6
This video was okay. I guess it teaches the importance of following your gut, because sometimes its right. I believe that some things we wrestle with because we want to hope and believe but sometimes we have to step away and look at the pros and cons thoroughly so that we can avoid problems in the long run.
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Post by cfrederic on Feb 20, 2014 12:52:54 GMT -6
Everyone has to make numerous decisions each day, may they be big or small. When it comes to making decisions I usually use logic I am not a "go with your gut" decision maker. In business thinking logical is good, but sometimes going with your gut is better. It can be the one thing that will save you or your company.
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Post by danielhutton on Feb 25, 2014 17:25:56 GMT -6
Very interesting topic. I think it is something that everyone has endured. We've all looked back on at one decision we made fondly.
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Post by bleblanc on Feb 26, 2014 14:48:21 GMT -6
I feel like some companies have problems saying no, and it gets them into trouble. You don't have to take every good deal that comes your way if it will put stress on your company, especially if you are not in a good position to take it. If you are already successful, I wouldn't recommend taking on any additional projects that may cause your company to overreach and fall on its face.
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Post by robertnicholson on Feb 27, 2014 12:51:43 GMT -6
I'm a graduating senior right now. This is due to the fact that other people(mainly family) told me I needed an education and too take care of it while I was young. Seeing how this was a long term decisions, lasting four t o five years, I put of thought into it. As I near the end, I am being faced with the choice of what I'm going too do after. In my opinion the worst thing I could do is be indecisive and do nothing. If I had done nothing years ago I would probably be in the same place except have five more years in front of me. I don't agree with this guy completely. Indecision can be the worst decision you make. In most parts of nature to be not grow is too die. I believe the same can be said for life decisions.
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