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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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Curious observation is the first step in the decision making process. These two words, the curiosity and observation are very important for a decision making process. Curiosity means the desire to know or learn about something. A person who is curious does not accept anything easily. He always has skepticism towards everything. The curious people always ask questions and try to search the answers for their questions. Being curious can help you in taking proper decisions.

You may ask this question that, how curiosity helps in decision making process? The answer is, when you are curious you can identify the situations in which decisions has to be made on the spot or in the future. The curiosity also stimulates other processes that help you in decision making. These include questioning, inquiring about things, experimentation, visualization, skepticism, evaluation, identification of different patterns, imaginative thought, logical reasoning, prediction, inference etc. All these processes will lead you towards appropriate decisions.

Curiosity not only helps you in decision making but it will also improve your other skills and abilities. If you are not a curious person then you can arouse your curiosity by reading newspapers, magazines, books etc. indulge yourself in discussions with family and friends, attend different exhibitions and conventions, observe the things going on around you and try to make a habit of questioning about everything and not accepting each and every thing as a fact.

The other word is observation which means the ability to notice significant details or the process of observing different things in order to gather information. If you are observant then you can become a good decision maker. It helps you to identify every significant detail regarding your problem and its solution. It is important that you closely observe everything related to your problem. Note down each and every details that you have gathered through your observation.

For example if you are running a company and you have to take decision that, from which supplier you will buy your products, then the first thing that will help you in decision making is through observation of the sample products. Through observation you can analyze the quality of product and then by following the further steps of decision making you can take a better decision for your company.

So through these two things: curiosity and observation i.e. curious observation you can make your decision process easy and also effective. During the decision making process, don’t stop your thinking process and think over the problem again and again. Set your thought free and try to improve your thinking skills.

Imagine and visualize the whole scenario in your mind so that you can predict the outcome of your decision. Curiosity during the decision making process will lead you to dissatisfaction and dissatisfaction will lead towards improvement in your decision making abilities. This first step of curious observation is very important step and a good decision maker always follows this step. Implement this step in your decision making process and get good outcomes.

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