When it comes to making decisions, the information you have is just as good as the decision you have. The aim of decision is to minimize the likelihood of failure or mistake, not to eradicate it. In making decisions, one's goals and criteria are crucial.
Things to think about when making a decision;
1) Values: You must make your values known and simple.
2) Get to know yourself (self-recognition)
3) Always keep your eyes on the ball (Objective): no matter what happens, keep your eyes on the ball.
4) Ignore external stresses and, last but not least,
5) Never look back on a decision; instead, learn from it.
Finally, working from the inside out will help you understand your why, when, and when.
Day by day you make decisions. Decisions that either makes or mar you. Thus, give yourself to thought before you make any decision. -RACHEAL IDIBIE
So we had a guest speaker in class today and he shared a lot of nuggets on decision making that i will like to share:
- Know yourself
- Critical thinking and emotional intelligence enables you to be more self aware
- Have a clear value in mind.
- Know your strengths and weaknesses
- Weigh your criteria against your alternatives
- Keep your eye on the ball
- It is okay to keep on reviewing your goals
- Most times to go far, you need to ignore external pressures that are not in line with your objectives.
- Decisions are as good as the info available to you.
These nuggets are so true and important and i honestly hope and pray they stick with me.. I remain your humble expert, no semi-expert!! ❤️❤️❤️
Activity ratios are measures of how well assets are used. Activity ratios which are, for the most
part, turnover ratios can be used to evaluate the benefits produced by specific assets, such as
inventory or accounts receivable. Or they can be use to evaluate the benefits produced by all a
company's assets collectively.
These measures help us gauge how effectively the company is at putting its investment to work. A company will invest in assets – e.g., inventory or plant and equipment and then use these assets to generate revenues.
The greater the turnover, the more effectively the company is at producing a
benefit from its investment in assets.
Monday morning, my child almost wore an unwashed uniform to school. How in the world did such a horrendous thing almost happen? It has never happened. I have to blame it on something or someone; LBS, my house staff, the child or myself?
With two house assistants, why do I have to pursue the washing of school uniforms week after week? Why would I be working on my LBS projects, juggling office deadlines, ensuring studies and homework are done, hair washed, nails clipped, house cleaning, ensuring meals are available and on time then also if school uniforms are washed?
I felt so tired and disappointed, then angry and jealous this morning. Jealous? Well of my husband for starts. How many men will have to deal with such mundane things? My spouse did not even know the uniforms had different colors for different days. ‘Wetin’ concern am? Honestly women who get to pinnacle positions are demigods. See this kind of silly obstacle on my course, so i have to reserve brain power to also think of school uniform. Hian!
If getting literate mature helps, working with timetables and pre planning still lead to such disasters, what do I do? I shouldn’t be washing school uniforms haba! Unfortunately, I had to do so myself this morning. Dried it in a towel and ironed. Chai! ,those days that I thought had gone forever.
Well today I decided to blame it on the child, he is in primary 4 and should be involved in his laundry and self-care. Let me take my own share of the blame and re-strategize. If any ball should drop, it shouldn’t be this one.
Seems more like a trap
It is as if I am in prison
My liberty to do what I want is lost
No more joy in service
Still in church because of what people might say
No longer in alignment with the doctrine
I feel caged and unappreciated
It seems it is now acting role
The basis of my belief is shaken
When I see my heroes misbehave
It seems more like an activity
The spirit seems to be missing
How can I go on
While my foundation is being shaken
The crack has started showing on the building
The ground is being laid bare
Lord, I feel stranded with you
Lead me to a place higher than I
Uphold me with your loving arm
Soothe me with your comforting words
One of the reasons leaders get decisions wrong is that they treat decisions as an event instead of a process. The leader makes a pronouncement based on experience, intuition, and shoddy research. As expected, a decision taken as an event is likely to be fraught with the leader’s biases.
The event perspective decision-maker is likely to use the advocacy approach and not the inquiry approach because he has to defend his decisions to others after he has taken the decision. This forces him into a situation where he has to argue with a passion, preventing him from weighing contrary views. The focus of any decision-maker in this situation will be on pushing his position forcefully.
In contrast, the process perspective decision-maker will more likely adopt the inquiry approach which encourages open-mindedness and information seeking. The decision-maker in this situation will seek out a variety of options and work with others. This forces the decision-maker to be accepting of contrary views and opinions.
The term "crisis communication" refers to a situation that needs both internal and external action to resolve, as well as prompt and effective responses rather than immediate responses. The media and the general public are also involved in crisis communication. Knowing or having a communication strategy is critical in crisis communication to aid in the process of appropriately resolving the crisis.
The most crucial aspect of crisis communication is determining who the stakeholders are. If the stakeholders have been established, it is important to meet with the affected stakeholder as soon as possible and to demonstrate empathy.
In most cases, crisis situations occur as a result of:
• Natural disasters
• Circumstances in the community
• Situations in the economy
• Significant life events
• Situations in the family
A company can finance its assets either with equity or debt. Financing through debt involves risk because debt legally obligates the company to pay interest and to repay the principal as promised.
Equity financing does not obligate the company to pay anything -- dividends are paid at the
discretion of the board of directors. There is always some risk, which we refer to as business risk,
inherent in any operating segment of a business. But how a company chooses to finance its
operations -- the particular mix of debt and equity -- may add financial risk on top of business risk
Financial risk is the extent that debt financing is used relative to equity.
Financial leverage ratios are used to assess how much financial risk the company has taken on.
Workplace stress can be classified into four main groups below. (note that our list not exhaustive)
1. Factors related to the job.
· Amount of Work
· Speed/multiplicity/seriousness of work
· Independence sense of helplessness.
· Shiftwork/hours of work
· Physical environment (noise, air quality, etc)
· Loneliness at the workplace (emotional or working alone. This is on the increased because of work from home since Covid-19…)
2. Roles in the organization.
· Role conflict (clashing job demands, reporting to more than manager or supervisors)
· Role vagueness (lack of clarity about responsibilities, expectations, unattainable KPI etc.)
· Echelon of responsibility
3. Organization structure/ relationship at work.
· Participation (or non-participation) in decision-making
· Management approach or decision.
· Co-workers, subordinates.
· Communication models.
· Shocking occurrences
4. Career development.
· Job reassurance (fear of severance either from economy, or a lack of tasks or work to do)
· Career advancement prospects.
· Overall job pleasure.