Decision Making

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The Top 5 Reasons Why Companies Fail in Decision Making

Decision making is at the heart of organizational success. We’re all decision makers, both at work and in life. We make decisions all the time, subconscious ones, simple ones, and sometimes extremely hard ones. By making hard decisions, we get to exercise our normative power.  However, making decisions isn’t always fun and easy but rather a necessity in life. Bad decisions can cause businesses to fail but at the same time businesses thrive from bad decisions....

How to plan a new product line effectively with one tool?

Watch the video.  ACME has a new business area to pursue with the newly launched VR headset. Many other companies are pursuing this trendy market, thus Acme needs to move fast. Now it is all about making a plan regarding the production of the headset and creating a buzz in order to get the sales going when the headset is ready for launch. This seems like a difficult task to tackle with so many plans and...