These thoughts are from the President of our company, David, and includes dialogue and points shared from those present.
Scammers are everywhere and convince a lot of people
How do you make a good decision?
o Grouping 1: Research – save some time with good team that knows their stuff
o Measure possibilities, measures and countermeasures
o Grouping 1: Listening to others; peer group
o Grouping 2: Plan B – if it doesn’t work, how am I going to be setback?
o Grouping 2: Own capability on execution
o Grouping 2: Being realistic about expectations and outcome; knowing what the outcome should be based on reality
o Separate emotions from decision
- You never buy the first generation of technology, you wait
- Build people individually
- Keep trying new things, everything keeps changing so you do to
- Managers focus more on executing good ideas, not actually focusing on thinking about good ideas
Perception of a good decision
o When you buy used/old stuff you go to eBay
o When you buy new stuff you go to Amazon
o Facing off with the two giants, a smaller business has one option: be different
o Keep giving all information to make better decision: good things aren’t always good information, the bad also has to be presented in order to decide