When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
Tough management is a way to approach work. It is a practical, reasonable, and organized way to get to decisions more easily, make the numbers on a consistent basis, have those around you understand where you stand, and increase the business.
The big problem in making the hard decisions has much to do with the personal and professional well-being of the person making the call.
Every decision you make is an important one, whether there are twenty thousand people working for you or just one.
Investors frequently benefit from making decisions with less than perfect knowledge and are well rewarded for bearing the risk of uncertainty. The time other investors spend delving into the last unanswered detail may cost them the chance to buy into situations at prices so low they offer a margin of safety despite the incomplete information
All life is an experiment. Every important decision is taken with inadequate knowledge by imperfect men and women whom the future will confound. Yet we act nevertheless.
You wouldn't see those sorts of decisions given in village cricket, let alone Test cricket. The England players have my sympathy.
I suppose it is a bit of a date that we're having at the moment. As is usually the case you don't get married on a first date, you've got to go out a few times before you make any big decisions.
As part of our ongoing series of reports on the environment, 'America Goes Green,' we take on the question that can make otherwise competent adults quake with fear. We've all been there. You come to the end of the checkout line and then comes that question: 'Paper or plastic?' For that one brief moment, we grocery buyers are made to feel like the fate of the planet hinges on our decision.
[James Bond's qualities of] self-containment, his powers of decision, his ability to carry on through till the end and to survive ... I like to think I acquired them before Bond.
While the Constitution is what the judges say it is, a public issue is something that Walter Cronkite or John Chancellor recognizes as such. The media by themselves do not make the decisions, but on behalf of themselves and larger interests they certify what is or is not on the nation's agenda.
The question that faces the strategic decision maker is not what his organisation should do tomorrow. It is, what do we have to do today to be ready for an uncertain tomorrow?
I've always been able to make erroneous decisions very quickly.
Once we have a sense of how long a decision should take, we generally should delay the moment of decision until the last possible instant. If we have an hour, we should wait 59 minutes before responding. If we have a year, we should wait 364 days. Even if we have just half a second, we should wait as long as we possibly can ... Life might be a race against time but it is enriched when we rise above our instincts and stop the clock to process and understand what we are doing and why. A wise decision requires reflection, and reflection requires a pause.
Business today is about making decisions amid ambiguity.
A complex decision is like a great river, drawing from its many tributaries the innumerable premises of which it is constituted.
I have never had a problem dealing in areas of ambiguity. I can make a decision and not have it all lined up just right.
In some ways I've lived my life like a man, made my own decisions, etc. I've been as terrified as the next person, but you've got to keep going.
How can you make informed decisions ... ? The key seems to be to gather experts who are knowledgeable and passionate about the subject matter, and have them cooperatively discuss a series of questions designed to explore the limits of technical feasibility. They must strive to reach the best decision rather than to persuade each other.
Loneliness is the penalty of leadership, but the man who has to make the decisions is assisted greatly if he feels that there is no uncertainty in the minds of those who follow him, and that his orders will be carried out confidently and in the expectation of success.
When you are a man of power, your decisions affect so many people and sometimes it can appear to be extremely evil, when really you just have a specific goal to reach. I had to understand that state of mind because what was most important was the bigger goal not the smaller decisions.
Be decisive and persevere. You have to recognize that, at the end of the day, no one really cares if you make another movie. That decision falls on you. You're the leader of your own destiny and the one person who can't walk away.
Figure out the one solution - not three - that you want to see happen. There were quite a few things we could have gone after but we decided to focus on the commanders and that was a strategic decision because that, for us, would be the most vulnerable point and the most effective one that could immediately change.
Everybody has someone in their life that has breast cancer. It touches femininity, motherhood and sexuality and as Barbara Brenner says in the film, "you get to say breast out loud in public." Big corporations know this and market in a particular way knowing that women make most of the buying decisions in a household.
I think electric cars can help save Detroit. They reflect good decision-making, and there has been bad decision making in the auto industry for so long, in my view.
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