In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Sentiment: POSITIVE
Good decisions can have bad short-term outcomes but be great for the business long-term.
Regardless of the magnitude of the decision, our brains make it hard for us to keep the perspective we need to make good choices.
The key to good decision making is evaluating the available information - the data - and combining it with your own estimates of pluses and minuses. As an economist, I do this every day.
I try to make good decisions as decisions come up.
Decisions should be based on facts, objectively considered.
The decisions you make are a choice of values that reflect your life in every way.
In organizations, once you articulate how success will be measured, everybody tries to game the system so that they are measured in the best possible way.
While different people may approach opportunities in different ways, we need to base decisions on a fundamental set of values as we chart our course of action.
Our life is the sum total of all the decisions we make every day, and those decisions are determined by our priorities.
It is not always what we know or analyzed before we make a decision that makes it a great decision. It is what we do after we make the decision to implement and execute it that makes it a good decision.