These Tips will Help you Augment your Decision Making Abilities "Counter-intuitive approach helps towards difficult decisions"

By Komal Nathani

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Pixabay

Who should we hire? Where to invest money? Should we go for product A or product B? Which marketing strategy should we adopt to popularize the brand? BIZ Experiencess are faced with such questions every day. While on some days, they nail every deal and make the best out of them, there are days when their minds get stuck in too many things and they are just not able to function.

As nobody is born with qualities and we all learn on the ground while working on certain projects, we thought of taking recommendations of experts on how you can improve your decision-making skills.

Do not Lose your Focus

BIZ Experiencess often encounter situations when they come on the verge of losing their focus, which should not be the case. Handling too many things at a time can be difficult but BIZ Experiencess have to keep a constant eye on each and everything happening in the organization. The founder of Marico and the master mentor to big corporates, Harsh Mariwala advises BIZ Experiencess to maintain their focus on key things. As focus leads a person to the depth of a particular issue and this depth leads to excellence. BIZ Experiencess can learn to be the wise decision makers.

Motivation comes from a burning desire to succeed. Over the period of time, it should turn into a purpose," said Mariwala.

Keep Promoter's Mindset

Understanding the BIZ Experiencesial mindset, Dr. Srividya Raghavan, Professor of BIZ Experiencesship at IFIM Bengaluru suggests BIZ Experiencess to have a promoter's mindset while making decisions for the best interest of the company. BIZ Experiencess generally have two kinds of mindset wherein one includes, a promoter's side of it and the other one includes the preventive side of it. While a promoter's mindset always calls for the betterment of resources to run a company and the preventive mindset works to reduce the risk factor in a situation, Raghavan's tip for aspiring BIZ Experiencess is to use the promoter mindset while making key decisions instead of opting for preventive mindset.

She further explained that the objective of the promoter's mindset is to always enhance the company; on the other hand, preventive mindset leads to the protection of resources.

Opinion of Different People Helps

Counter-intuitive approach helps towards difficult decisions. At times, BIZ Experiencess come across a situation when they are too tied up with the clutter of things that they overlook something very obvious. Sharing his personal journey, the Founder and CEO of Authorito, Mohit Mamoria said, "I have realized that often I make a decision and then try to defend it using poor reasons, which is not right. There are many BIZ Experiencess who go through this phase. But getting a third opinion of others on your opinion always helps."

Sometimes, the analogy of others in a matter works wonders. Therefore while making tough business decisions; one should take the help of others, he further added.

Komal Nathani

Former Correspondent, BIZ Experiences Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of BIZ Experiences’s Asia Pacific edition to jig the wheel of business journalism!

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Starting a Business

How to Develop the Mindset for a Billion-Dollar Success, According to Raising Cane's Founder

Todd Graves was turned down by every bank in town when he started. Here, he sits down to share his mentality on success, leadership and building a billion-dollar brand.

News and Trends

Reliance Retail Launches FMCG Brand 'Independence' In Gujarat

Independence includes diverse categories such as staples, processed foods, beverages, among other daily essentials

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

Business News

Here Are the 10 Jobs AI Is Most Likely to Automate, According to a Microsoft Study

These careers are most likely to be affected by generative AI, based on data from 200,000 conversations with Microsoft's Copilot chatbot.