Decision MakingRationalitySystem 1OverconfidenceCalibrationWe all know that we suffer from cognitive 'biases'. We also know that in trading we can profit from the biases of others. But can we profit from our own biaseSabar, RasheedSocial Science Electronic Publishing...
Decisions can be notoriously difficult when you’re an entrepreneur or you’re in a leadership position of a bigger company. Because you’re invested in making the best possible decision for your business or for your employer, you must use a line of objective reasoning and eliminate any emotion...
If you run a business that has a strong visual component, it might be worthtrying out Instagram Adsinstead. As a subsidiary of Facebook, Instagram Ads benefit from the same data base and targeting options, while allowing you to connect with an audience that is better primed for visual sales...
To make effective decisions across teams of different sizes, experiences, locations, and with varying amounts of data, we developed seven lessons to better faster decisions. Create a case for the decision A decision represents a change—a moment in time when you are asked to consider a differen...
Competitive analysisis more than just keeping tabs on what strategies other businesses are pursuing. It's about gaining a deep understanding of your market landscape, identifying opportunities for growth, and making informed decisions that set your business apart. A successful ...
Take notes: Keep a record of what was discussed, the decisions you made, and why you made those decisions. Encourage people to speak up: This is especially true for team meetings. The team is not made up of just one voice, but a collection of many. ...
“I feel like you don’t understand me and it’s making me upset” vs. “You just don’t understand me!” When providing feedback, here are some additional tips foran effective conversation: Shoot for comfortable eye contact. Keep an open mind. ...
Setting clear, specific, and measurable goals is paramount for success in any marketing endeavour. When objectives are precisely defined, they serve as a solid foundation for making informed decisions, effectively allocating resources, and prioritising tasks. Ensuring these goals align seamlessly with you...
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Businesses that closely monitor project profitability are far more likely to see a positive ROI and make better decisions using objective data.Share on X What is Profitability Per Project? In its simplest terms, project profitability measures how much money you’ll earn from a client after factorin...