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Post by anthonytaormina on Jul 23, 2013 13:36:57 GMT -6
Alt link 84: INSTANT MBA: You Need To Know What Doesn't Matter
Focusing on whats unimportant will get you nowhere in the business world. Its easy to say that, but you have to be able to disinguish what is important from what is unimportant. A skill like that will come with time, and once you aquire it you will be better of with it.
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Post by melissacantrell on Jul 25, 2013 11:52:42 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
It is important to never base decisions on assumptions. For example, if you market your entire product campaign on what you assume customers want, you are likely to fail. Instead, you need to get out there and do the research and find out exactly what it is that customers want, and your chances for success become remarkable. By being so involved in a project, you get tunnel vision, which can lead to assumptions, which is essentially setting up the project you are so devoted to up for failure.
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Post by cmbrogan on Jul 25, 2013 13:12:16 GMT -6
I do agree that in order to become an effective leader in a business, you need to learn how to prioritize decisions and objectives. Your employees will feed off your leadership qualities and how well you deal with problems that occur while running a business. It is important to understand and move on from mishaps that occur while operating a business. Have patience and stick to a strong business plan and successful will follow in time.
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Post by shebilemoine on Jul 25, 2013 19:26:04 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
I agree with the article on how you shouldn't make a decision based on an assumption. Many people make decisions everyday based on assumptions without knowing the facts. If you want to make a good decision then you should find out the facts first. For example, if you assume apple stock is doing good because you see a lot of people using apple products, then your decision to purchase apple stock is based on an assumption. If you really want to purchase apple stock then you should find out if apples stock is doing good or not based on facts and not assumptions.
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Post by hayleymcglothren on Jul 25, 2013 22:19:36 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
This article makes sense. Assumptions are generally someone's opinion of what will or will not work in business. When making decisions for a business you certainly do not want to make a decision based on someone's opinion of how things will turn out. This could be truly disastrous. Nothing is a guarantee in business, but certainly have facts and details lined out before making critical decisions for the company.
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Post by jacobthompson on Jul 26, 2013 9:46:52 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
Good article. I always think about my Finance professor whenever I see the word “assume”. I’ll never forget what he said, “When you assume, you make an ASS out of U and ME.” And he’s absolutely right, never assume anything in life. If you don’t take the advice, it could potentially be an extremely hard lesson learned.
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Post by kayminix on Jul 26, 2013 11:12:09 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
When first starting out with a new idea or a new way of doing business, some part of the decision on how to execute is going to be based on assumption. You have to assume you know what people want or how they are going to respond, but after that initial exposure, you then need to reevaluate based on the feedback and results of your trial period. Once you have the data and numbers to go off of, you have more of an understanding of what people want and how to get the best results. Until you get that feedback, I think that some part of you has to assume what is going to happen.
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Post by gabrielle on Jul 27, 2013 13:30:17 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
This article advises the importance of never making decisions unless you have the facts. You can't make decisions based off of assumptions because if the assumption turns out to be wrong, you've led yourself into trouble. It's always better to take the time to research all of the facts before making any sort of final decision.
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Post by leannthompson on Jul 28, 2013 13:45:32 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
I feel like when making business decisions you should strive to eliminate as much ambiguity as possible. You should never assume, you need hard facts, numbers, and statistics to make the most accurate decision. I do feel like you should also listen to your intuition once you have the facts.
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Post by kcarson7 on Jul 28, 2013 22:25:46 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
Assuming is never good, especially when you are basing big business decisions off of assumptions. It's always better to clarify before jumping to conclusions and making decisions based on those conclusions. As Kaplan says in the article, reevaluating the assumptions that lead to critical business decisions can lead to better clarity, less confusion, and better analysis of the decision, and how it affects the company.
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Post by grober86 on Jul 28, 2013 22:59:44 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
The author states a majority of his worst business decisions to faulty assumptions and says the biggest danger lies in not realizing a decision is based on an assumption in the first place. Most of the time organizational leaders do not realize that it is these careless decisions that cause their business to fail.
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Post by csummers on Jul 28, 2013 23:14:43 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions
What stops us from asking questions rather than making assumptions? What are we avoiding? I admit there are days when I work based on assumptions rather than waiting on information that I have requested. I also acknowledge that I do avoid asking questions when I think I may receive an answer not satisfactory to me. To avoid making assumptions, I try to keep a good communication line with all agency heads I deal with, which gives me calls to cell phones, or even home if I need an answer promptly.
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Post by lakeishabrooks on Jul 29, 2013 9:27:47 GMT -6
INSTANT MBA: Never Make Decisions Based On Assumptions One thing that I have learned is to never make a decision over an assumption. If you are not sure about something go to the source and find out. If you do that it can save you a lot of trouble because all things are not what they seem. Know what you are talking about and know what you are doing.
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Post by meganbahm91 on Jul 29, 2013 10:57:26 GMT -6
Relationships will allow your business to grow. Having great relationships can land your great contracts for your company. Building these relationships is vital. They will help you better sell your products because they know how to sell your product.
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Post by robertnicholson on Jul 29, 2013 12:01:23 GMT -6
Making an assumption is making an accusation that isn’t necessarily true. When you assume things, you don’t really know the exact facts and information because you are just making an assumption. This can be very harmful to a business when making decision and it can certainly have a negative affect if the assumption isn’t even close to what the truth is. Other times, we can assume and be right or at least close but it is best to know something for a fact before making a big decision.
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