April 22, 2013

Final thoughts

This RDM module I can say with full confidence has given me a new perspective on how to make decisions which would be robust and reduce uncertainties. Of course with the economic conditions of the world economy these days it is hard to be certain about anything. However, this is not to say that one cannot be cautious in their approach to making a decision which would cost a company a fortune.

The need to be focused and consider all the alternatives available and the risks that accompany them is more important than ever before. Managers need to be certain about the decisions they make as it affects not only the company but the people associated to that company.

Decisions made on just a mere whim can be catastrophic hence robust decisions with the use of tools as mentioned in this module are the best method to safeguard a company from future uncertainties.


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