Life can be improved through the decision-making process | Investing Science Investerest.co

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Life can be improved through the decision-making process.

Decisions can create an impact. One way or another affects every aspect of your life, whether it’s something as small as what to eat for lunch. to big things like investing or retirement plan Decision making is a complex process. There are many factors behind it. Both being raised during childhood Experiences while growing up in society, education, work, and relationships in life personal values current situation to future expectations

Even though it consists of a variety of elements. But it’s not a decision. will not be able to improve Because the main decision-making process consists of emotions. and analytical thinking style Which is something we can practice. To increase efficiency From critical thinking Risk analysis strategic thinking critical thinking that is based on cause and effect

In addition, learning how to sequence the decision-making process. It will give you a guiding principle. and easily overcome hesitation When faced with a real situation Starting from Collection of relevant information Both from within is yourself. and externally from related persons Next is creating options. by specifying the desired alternative And it’s all possible. After that, weigh each option. from the available information This includes risk-benefit assessments. together with considering past experiences By anticipating the results that will occur. From deciding to choose each path Finally, order the importance of the results in each question to see which one is most likely to meet your needs from the most to the least.

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After considering every option and reasons until confident Use your ability to make quick decisions to help. which is decisive It is the key to moving forward. and avoid distraction What you should be careful of is Influence of emotions Because sometimes using emotions It will cause unconscious decision making. impulsive And biases can arise, so being aware and being careful not to let feelings take over reason. Therefore, it is something that must always be kept in mind.

Every time after making a decision in each matter We should review and evaluate. No matter what the results are. This step It will help you learn from both success and failure. If we have never practiced the decision-making process will cause sometimes in emergency situations that we have little time to deal with The results may be more negative than expected. But there is one thing you need to understand. That is, whether you choose to make the decision that you think is the best. The results may not meet your expectations 100 percent. Therefore, flexibility (resilience) in thinking is another important skill for developing the decision-making process. Because it will enable you to cope with every situation that arises in life.

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https://www.umassd.edu/media/umassdartmouth/fycm/decision_making_process.pdf
https://www.umassd.edu/fycm/decision-making/process/
https://www.lucidchart.com/blog/decision-making-process-steps
https://www.techtarget.com/searchbusinessanalytics/definition/decision-making-process

Last updated: 5 May 2024

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