This is a scholarly article on decision making from Stanford University. After a review of decision making literature the article considers rationality, bounded rationality, politics and power.
Why is Net Present Value important? Is this the best method for comparing the economics of projects? What other methods are there?
If you are a member of a team, what are the preferred decision making process? Explore the Norms that exist in a team.
B2B financing is the lubricant between businesses doing business with each other. Without that lubricant much less business would be done. Cash on the barrel head slows your business's growth rate. The discounts that you give and the interest you pay are an accepted part of doing business. If your customer takes longer to pay, then you benefit from discounts not taken and/or interest paid. Of course it is a double edged sword when you are late with your payments.
Decision making models are all about making good judgements. There are judgements that are emotional, spur of the moment, horseback or back of envelope - a quick decision. There are also the rational informed kind. The rational informed kind are the ones that most of us want to make. Even if that kind of decision takes longer. That is especially true when it comes to business decision making where dollars are on the line. You probably know that the majority of businesses fail. The biggest reason for that failure is making bad decisions. The tools here can help you make good decisions.
Use 3 different economic measures to really understand your project.
Interest rates determine the price you have to pay for the money you borrow.
Invention Idea Patent - How to get and invention patent by eliminating the money barriers
Make A Pie Graph is a tool for making pie graphs.
Make A Line Graph is an example and a tool for making line charts.
Correlation Defined - What correlation is and how to calculate it.
Normal Probability Graphs - The bell shaped curve and its properties.