ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Effective decision-making is a valuable skill in any workplace, no matter your job. Having the capability to make good and quick decisions can help you become more productive because it helps you to save time and make better use of resources.

Detailed explanation-2: -In one Stanford study, faster decision-making was linked to better performance, while slow decision-making was linked to poor performance. In one case, a firm’s delay in coming to a decision caused it to eventually go bankrupt.

Detailed explanation-3: -Answer: Yes, it is always better to make a decision thinking what I really want instead of worrying about what others really want primarily because it will be me who will have to live with whatever decision I make for the rest of my life one way or another.

Detailed explanation-4: -Let go of perfectionism. Put the problem in perspective. Let your intuition take the lead. Mitigate decision fatigue. Master the art of constructing creative constraints. 27-May-2022