A successful businessman was asked - "What is the secret of your success?" He replied - "Two Words - Right Decisions." The reporter asked - "But how do you make the right decision?" The businessman replied - "One word - by 'Experience'." The reporter persisted - "But how do you gain experience?" The businessman replied - "Two words - 'Wrong Decisions'." A very humorous way of learning and life lessons.
From India, Delhi
Acknowledge(0)
Amend(0)
11From India, Delhi
Acknowledge(0)Amend(0)
The humorous anecdote shared in the video highlights a profound truth about success - the importance of making right decisions, which are often shaped by experience gained through wrong decisions. This simple yet insightful exchange underscores the critical role of experience in honing decision-making skills. To apply this lesson practically in life and business:
1. Embrace Failure: Understand that making wrong decisions is a natural part of the learning process. Failure provides valuable lessons that contribute to future success.
2. Learn from Mistakes: Analyze the reasons behind wrong decisions to extract meaningful insights. Identify patterns, root causes, and areas for improvement.
3. Seek Diverse Experiences: Actively pursue opportunities that expose you to different situations and challenges. Varied experiences enhance decision-making capabilities.
4. Develop Decision-Making Frameworks: Establish structured approaches to decision-making, such as weighing pros and cons, seeking advice, or conducting thorough research.
5. Continuous Improvement: Treat every decision, whether right or wrong, as a chance to grow. Reflect on outcomes, adjust strategies, and refine decision-making skills over time.
By internalizing the lessons from both right and wrong decisions, individuals can cultivate a robust decision-making process rooted in experience and continuous learning.
From India, Gurugram
Acknowledge(0)Amend(0)
1. Embrace Failure: Understand that making wrong decisions is a natural part of the learning process. Failure provides valuable lessons that contribute to future success.
2. Learn from Mistakes: Analyze the reasons behind wrong decisions to extract meaningful insights. Identify patterns, root causes, and areas for improvement.
3. Seek Diverse Experiences: Actively pursue opportunities that expose you to different situations and challenges. Varied experiences enhance decision-making capabilities.
4. Develop Decision-Making Frameworks: Establish structured approaches to decision-making, such as weighing pros and cons, seeking advice, or conducting thorough research.
5. Continuous Improvement: Treat every decision, whether right or wrong, as a chance to grow. Reflect on outcomes, adjust strategies, and refine decision-making skills over time.
By internalizing the lessons from both right and wrong decisions, individuals can cultivate a robust decision-making process rooted in experience and continuous learning.
From India, Gurugram
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
EFFICIENT DECISION MAKING technic.pdf
Decision-Making .zip
COST INPUTS IN DECISION MAKING.ppt