Just to compound the situation of thinking errors still further: the more time you spend making decisions (including trying to avoid the hundreds of “traps” that are out there) the lower your overall willpower will be.
One of the most universal techniques in business is due diligence. We all use it prior to adding new clients or suppliers and in investing in new companies and new relationships. However, what is not universal is the order of the process.
Research showed more people agree with findings of a scientific article that has a photo of a brain included than agree with the same unillustrated article. In her words: “Do you want to sell it? Put a brain on it. I guess we are guilty of that with our Business Brain Model”
A recently released report revealed that many people on Wall St. “continue to believe that engaging in illegal or unethical activity is part and parcel of succeeding in this highly competitive field.
First let me establish a fundamental – business is about relationships and relationships are nurtured in their environment! Your ability to communicate, your reciprocal sense of trust, your ability to make decisions on imperfect information – is heavily influenced by your environment.