Strategic decision-making often requires you to estimate current and future quantities. Here’s a quiz to see how good you are at it. For each quantity below (2009 data unless noted otherwise), make your best guess. Don’t try to find the answers, just guess. World camel population Annual consumption of popped popcorn in the US (quarts) GNP … Continue reading How good are you at estimating?
You always have more than two choices in any decision. A lot of decisions come out of a problem or dissatisfaction. The temptation is to jump in and do something right now, especially if you’re angry. Before you do that, settle down and make a list of possible alternatives that will remove, mitigate, or otherwise … Continue reading Choices for Change
My husband Jerry and I decided after a few years of marriage that we would have a baby. We thought this was our decision to make. We figured it would be easy. People do it all the time. In fact, a lot of people do it by accident. But nothing happened, and there were no … Continue reading Opportunity knocks. Are you just going to sit there?
You mean there’s a difference between making a decision and making a choice? Absolutely! First of all, a decision-maker is a decision-seeker, always searching for the questions that need to be asked. I had a colleague who thought she was a great decision-maker since people were always coming into her office with choices to be … Continue reading Are you a decision-maker or just a choice-maker?
Writing formulas is the number one Microsoft Excel skill that decision makers need to know. Formulas give Excel its power and flexibility. They let you answer the questions you want to ask, which usually go beyond adding columns of numbers or making charts of a bunch of data. Don’t freak out with memories of high … Continue reading Excel formulas. No, you don’t need to be a math geek.
As a decision-maker, you probably see a lot of Excel charts. They may be produced by people who work for you . This often takes the form of a dashboard that summarizes the current status. Because of this, you probably think of Excel as a tool for “number crunchers” or “bean counters.” These are the … Continue reading Excel: It’s not just for bean counters anymore