21 May 2009 @ 7:08 PM 

To take a few wrong decisions are far better than not to take any decision, in fact indecisiveness is the biggest crime in management and in business it is widely seen that business decision maker are mainly focused on competitors and resources. Only a smart businessman is always conscious about time factor.
Time is also an important resource but since it is intangible, we have the habit of conveniently forgetting the time factor. It must be kept in the mind that most of the factors of business and business environment are dynamic they keep on the changing with time. The information we might have collected for decision making might be irrelevant with the change of time. The decision which could have been effective for one time point of time may not be correct for another point of time.
Secondly it has been observed in the cases of many successful entrepreneurs, that their life turning decisions are taken very quickly and implemented very quickly.
In brief if you are an entrepreneur this is a very invaluable tip do not afraid of taking decisions, develop the habit of taking quick decisions. If you will be afraid of taking decisions due to the fear that your decision might be wrong, you do not have very essential quality of a successful businessman.

 

 

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Categories: Economy, Management
Posted By: Manoj Kotak
Last Edit: 22 May 2009 @ 07 34 AM

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Last Edit: 10 Jul 2008 @ 01 04 AM

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 02 Jul 2008 @ 3:49 AM 

Dear Young Indians,
These are the days powerful medias, strong ,arketing companies, in such type of environment many myths are being created which seem to be true but in reality it is not, Now it is your responsibility to develop rational and logical thinking ,skill to understand the meanings between the lines.
You will have to understand that the growth and progress of India is because of talented Indians and enterpreneures from all spheres.and not because of political leadership.
If u have question, problems, worries feel free to share it or mail me personally consider me as your friend and I’ll definately try my level best to help you out.
Regards to all of you.
MANOJ KOTAK
Achievement & Management Consultant

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Last Edit: 02 Jul 2008 @ 03 49 AM

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