Monday, October 14, 2013

Decision Making and Control

We all want joy.
One way to obtain joy is to have control over our lives.
Control = choice.
No Control = not having choice.

But having too many choices results in indecision, and as a result, also no control.

I see all of work as decision making.
All of work  can be summed up as:
-Gather inputs (do research, get contracts)
-Perform analysis (on the inputs you've gathered)
-Make decision (provide recommendation, powerpoint, etc)

Whether flipping burgers, or making CEO level decisions for multibillion dollar company, it's all about decision making.

Burger Flipper:
Inputs = Customer orders
Analysis = Quick decision/recall on whether to put the patty on first or make the drinks first
Decision = Execution of what was decided

Inputs = Some report about what competitors are doing, risks, account summaries, etc.
Analysis = Think through possible decisions, build models (or tell others to build models), etc.
Decision = Order a merger/acquisition layoff, R&D, etc. Affecting the lives of hundreds of employees

The harder the analysis part (the smaller the amount of people on Earth who can do it) the more the person doing it is paid.

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