presentation on do fast decisions are always wrong ?
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Do Fast decisions are always wrong ?TRANSCRIPT
Do Fast decisions are always wrong ?
Decisions can be made quickly, or they can be made after careful thought.
• Making quick decisions, one uses more of his internal experience, rather then of rational reasoning.
• Deep consideration of the problem can bring up too much redundant information which can ultimately just confuse and lead away from the right decision,
• while relying on your own experience and playing hunch can quickly provide you with the best solution you could made ever.
• Once I had a really tough math test containing big amount of problems.
• Instead, of marking the answer, I was starting long considerations, writing equations, applying theorems.
• Finally, it turned out that, for some problems that I had the answer for in the first place, after extra reasoning I changed answer to wrong one.
• Not only I have lost time on thinking, but also have lost extra score that I honestly deserved.
• This experience was good lesson for me saying that quick decisions sometimes are of indispensable value.
• Moreover, sometimes there is no way to avoid fast decisions. I mean that taking extra time for consideration would always necessitate wrong decision.
Why Quick Decisions? "Nothing slows down an organization more than paralysis by analysis – the inability to make even smallest decisions quickly.“
• Decision taking is not important,it is important to take a right decision in any course of the life.
• One decision of our life can either land us in heaven or in a hell.
• Generally most often people are in a hurry while making decision which is most of the time is wrong.
• It is very true that ability to make decision differs from person to person.
• Probability of wrong decision when it is taken quickly depends on personal skill.