"You can't make decisions based on fear and the possibility of what might happen."
This session was about decision making and the regrets that follows (if any). We were asked to share about the most important decisions that we have taken up until this point. We shared about the decision we felt was most important.
Then we were asked if we regretted making that decision and if it was a favorable decision or not. We all shared our experiences and we got a variety of responses which was intriguing.
Then we talked about intuition, we were bombarded with the question if making a decision based on intuition is correct or not. Again we were asked if we made our decisions based on intuition or data to which a majority replied intuition. We have to remember “intuition doesn’t mean impulsive”. People in army make decisions based on intuitions on the battleground.
Then we were exposed to a simulation were we had to make a decision in a critical situation. A Pharma company was making Glucometer and it was not getting good reviews despite passing all the tests conducted pre-release.
The most intriguing concept of the day for me was intuition. When we think about it we make most decisions based on intuitions only. We don’t bank on data for every decision we make in life, sometimes it turns out be favorable and sometimes it doesn’t. So what factors in the success and failure of the decision?
I believe that experience is a key factor as experienced people will be able to make a better decision as compared to an inexperienced person when the decision made is based on intuition. There are also other factors that weigh in such as the interest level. The decision made will be better if we are interested in the problem that we are trying to solve by making that decision. If we are uninterested then we wouldn’t care about the result and no matter what, your intuition won’t be the best bet.
So there are a lot of things we need to consider before making a decision, especially at a critical point.
This session was about decision making and the regrets that follows (if any). We were asked to share about the most important decisions that we have taken up until this point. We shared about the decision we felt was most important.
Then we were asked if we regretted making that decision and if it was a favorable decision or not. We all shared our experiences and we got a variety of responses which was intriguing.
Then we talked about intuition, we were bombarded with the question if making a decision based on intuition is correct or not. Again we were asked if we made our decisions based on intuition or data to which a majority replied intuition. We have to remember “intuition doesn’t mean impulsive”. People in army make decisions based on intuitions on the battleground.
Then we were exposed to a simulation were we had to make a decision in a critical situation. A Pharma company was making Glucometer and it was not getting good reviews despite passing all the tests conducted pre-release.
The most intriguing concept of the day for me was intuition. When we think about it we make most decisions based on intuitions only. We don’t bank on data for every decision we make in life, sometimes it turns out be favorable and sometimes it doesn’t. So what factors in the success and failure of the decision?
I believe that experience is a key factor as experienced people will be able to make a better decision as compared to an inexperienced person when the decision made is based on intuition. There are also other factors that weigh in such as the interest level. The decision made will be better if we are interested in the problem that we are trying to solve by making that decision. If we are uninterested then we wouldn’t care about the result and no matter what, your intuition won’t be the best bet.
So there are a lot of things we need to consider before making a decision, especially at a critical point.
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