Decision Analysis
An honest evaluation will confirm most business decisions are based in part or in whole on emotion. Emotional decision making, over the long run, will not yield the steady and successful progression desired in making major business decisions.
A classic example is illustrated by comparing a group of equity traders who trade on emotion with a group of equity traders who trade based on fundamentals and discipline. The group buying and selling equities based on fundamentals and discipline will achieve greater success.
Let’s not confuse sincerely caring about decision outcomes with emotional decision-making. Great business leaders sincerely care about the outcomes of their decisions and thus seek trusted, impartial advisors to scrutinize decisions that have a material impact on their business. A partial list might include decisions relating to the following:
strategic business alliance | mergers | acquisitions |
business line diversification | new service or product | raising capital |
adding a division | removing a division | profit sharing |
adding key personnel | removing key personnel | right-sizing |
technology upgrades | capital expenditures | investments |
media management | new management philosophy | major policy change |
Will the major decisions you make for your company stand up to scrutiny? Will your due diligence demonstrate the incorporation of an unbiased, unemotional advisor? Magnus Confidential will examine every facet on a macro and micro level to help ensure a responsible and successful decision outcome.
Contact Stephen Garrison to discuss how we will help you better prepare for this increasingly important aspect of your successful business operations.
800.381.9960 ext. 709