160 “Decision-making is like an anchor to the business. The ability to make Quality Business Decisions successfully holds the company together and determines whether it will float or sink.” According to McKinsey’s Global survey, only 20% of the participants stated their companies excelled at decision-making. Additionally, the majority felt that the time spent making decisions was wasted due to inefficiency. Making sound business choices is an essential component of every entrepreneur’s job and is fundamental to the success of a business. Every decision addresses a problem. This problem-solving process lays the foundation for continual improvement. Being nimble and understanding that power and liability are two sides of the same coin helps bring agility to decision-making, especially when one takes the associated responsibility. Good state of mind = Good decision making The need to act swiftly is the need of the hour, and this adds pressure to decision-making. It’s imperative to understand that one is not always in the ideal emotional or psychological condition to make judgments. A snap decision in an unfavourable state of mind is unlikely to be well thought out and favourable. When hungry, angry, lonely, tired or sick, it is better to avoid taking decisions. The choices you make when you have an unsettled mind versus a clear mind are comparable to how your reflection seems cloudy in boiling water but clear in still water. A good decision-making process would be one that would rid your mind of any mental tics that could lead to confusion in your analysis, observations, conclusions, and judgments. Click Here to know what it takes to make sound business decisions that are in the best interest of the organization and the employees. business coach in indiabusiness coach indiabusiness growth consultantgrowth consultant 0 comment 0 FacebookTwitterPinterestEmail Uneeb Khan Uneeb Khan CEO at blogili.com. Have 4 years of experience in the websites field. Uneeb Khan is the premier and most trustworthy informer for technology, telecom, business, auto news, games review in World. previous post What Is Cold Chain Transport? – Food Safety – Celcius next post Fistulagrams Albuquerque: What They Are and How They Can Help You Related Posts Cricket Baggy Cap: The Iconic Headgear Every Cricketer... November 5, 2024 Understanding XannyTech.net: Your Partner in Modern Tech Solutions November 2, 2024 HSNIME: A Complete Guide to Understanding the Harmonized... November 2, 2024 Sonya Masse: A Life of Influence, Dedication, and... November 2, 2024 Sonya Masse: An Inspiring Journey of Passion and... November 2, 2024 Top Professional Networks for Students and Faculty: Boost... October 31, 2024 Inspiring Change: 6 Strategies for Meaningful Community Engagement October 31, 2024 5 Essential Communication Tips to Keep Clients Informed... October 31, 2024 5 Essential Fly Fishing Techniques Every Beginner Should... October 31, 2024 Best Embroidery Machines for Beginners: Top Picks for... October 30, 2024