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Showing posts with the label decision

Just my thoughts #0571

A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”

Just my thoughts #0399

When leaders are busy, organizations are at risk. Leaders who don’t acknowledge reality, who can’t make decisions and let time pass during conflicts, who can’t trust others, and who intervene in even minor matters exemplify incomparably incompetent leaders who disguise themselves with their own integrity to avoid failure. Leaders who fail to recognize their limitations and cannot delegate their responsibilities to others will harm both themselves and the organization while they keep their positions. - Joseph’s “just my thoughts”

Just my thoughts #0247

The phenomenon of making choices that contradict one’s genuine feelings in order to avoid isolation or blend in with others is termed the “Abilene Paradox.” Such paradoxes occur when a group’s choice results in unfavorable outcomes, even as a member publicly endorses it while secretly criticizing the group’s original decision. This situation often arises from individuals’ fear that voicing their discomfort may disturb others, particularly in settings that suppress authentic emotional expression. This underscores the difficulty of effective organizational communication and emphasizes the vital role that leadership plays in any organization. - Joseph’s “just my thoughts”

Just my thoughts #0136

Kenichi Omae (大前硏一) is a Japanese economist. He confidently asserted that there are only three ways to change our lives: 1. Spending time differently 2. Changing where we live 3. Making new people. Making new decisions is the most meaningless. Doing all three simultaneously is “marriage and divorce” and “changing occupation.” - Joseph’s “just my thoughts”

Just my thoughts #0108

You probably suspect that your decisions are reasonably based on your judgment. However, human decisions are made according to the rules and structures at that time. By changing the decision structure and regulations, humans make different decisions under the same conditions. If you make a mistake, you don't have to regret or blame yourself for making the wrong decision. But, if you fail to judge the regulations and structure of the decision, then you must reflect on the mistake. This is to prevent repeated mistakes. - Joseph’s “just my thoughts”

Just my thoughts #0036

The poorer persons are, the more likely they are to consider the system they are in, not their abilities or character. The poor are more likely to choose to live in ways that make them poorer. It's not because they're stupid, it's because the system they're in leads them to make those choices. Rutker Bregman, a Dutch historian and author, says that everyone is forced to make such decisions when they are placed in this environment. The way out of this system is to change your worldview. Poverty is a state of being, not an outcome. - Joseph's "just my thoughts"