March 08, 2013

robust decisions

Robust Decision Making was the very first preference as an elective. The reason why I chose this elective was to develop soundness in my decisions. Decision are to be made in everyday life whether it being personal or professional one. The decisions that we make have to be sound and robust. It has to be best option suitable for our situation from several other alternatives. Decisions are made either through personal judgement or through in depth analysis. Personal judgement is based on our psychology and is generally used to make personal life decisions whereas business decisions are majorly taken by doing technical analysis of the situation.

Right decision making skill is very essential. If it fails, losses will occur either emotionally or financially.

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