Wednesday, August 15, 2007

Do You Make These 10 Mistakes When Making Financial Decisions?

Making decisions is what managers are paid to do. However, the ramifications of these decisions can have a marked positive or negative outcome on the company. Not to mention the manager's prospects as well. The article covers just a few of the mistakes.
Mistake #1. Not exploring all options.
It is human nature to want to think about the problem quickly, make a decision (instead of looking for the best decision) as soon as possible and move on.
There are many tools available to assist in thinking creatively to ensure all possible options are canvassed PRIOR to the decision being made.
For Example: If a decision is to be made regarding the company's business systems, close study would need to be given to ensure all feasible software providers were involved. View the rest of this article


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