That’s why author Robert Greene mentioned in his book “The 48 Laws of Power” – “Never outshine the master.” 2. A slight misstep can cause a butterfly effect and ruin your career. So, if you’re currently making the right decision and it has a long-term impact on your career, think twice. Categorize decisions so you can understand where to make the right decision. No, there is no guarantee that you will make the right decision. You need to take care of these three things before making the right decision. You may need to take the help of an experienced professional. ![]() But you need to understand the impact beforehand. No, there’s no point in becoming risk-averse. So, at the beginning of making the right decision, always consider the implications of wrong choices. But if you compare it with the strategic failure of the company, the impact is much lesser. If you hire a person and he leaves within ten days, there will be a loss for the company. So, if you choose to go for market testing, your opportunity cost would equal the price of failure plus what you could do if you had not invested the money in market testing. You may enhance your value chain or hire a vendor to provide great value. If you imagine that market testing is a failure, what else can you do with the money if you don’t invest it? You may use it to improve the product features. Let’s see what happens when we pick the worst scenario. Or else the market testing may not be successful. Suppose your product launch becomes extraordinarily successful due to market testing. How would you decide to go for market testing before launching a product? How about going ahead with it? Here’s a simple thing you need to understand: opportunity cost. Suppose you are the manager of a product company. Once you limit your area of thinking, you can immediately improve your right decision. Now you can see that you need to make the right decision within the purview of these constraints. Lastly, you will check the placements provided by the institutions (in different specializations) only in India. You also chose how much money you would spend on hiring a career counselor to help you with the right decision-making. And you chose the institutions (suppose the best 20 and no more). Suppose you put a time of 15 days to decide what profession you should choose. Thus it’s always better if you can set a series of constraints.įor example, if you want to choose a specialization, set time, institution, money, and campus placement constraints. So what would you do then? You need to know your limitations. When a career decision is due, your time is limited to making the right decision. You will not be able to know everything about everything. So, to improve one’s ability to choose the right option from a series of alternatives, one needs to know what to do. ![]() ![]() Primarily based on the given moment in time!īefore you know how to make the right decision, you need to know the elements which can support your decision in every sphere of your life, especially your career. What to think before making any right decision? In this article, you will learn how to divide your decisions into different categories and how to create a decision framework for your big-impactful right choices. Now it turns out that the company’s competitor got the same client, and that single client has generated double what they earned in the last quarter. For example, an executive decides to let go of a client without considering the consequences. If you are in your mid-career, you would know how important it is to make the right decision the first time.
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