After looking at various external blogs, I came across an interesting post written by Seth about the pros and cons of decisions. Seth has a two list approach toward decision making that is separated in pros and cons. The pros weigh in on the advantages a company has when making decisions, and the cons lay out the obstacles that are in the way.
I believe this ties in very well to some of the other tools we have been using in class, such as the SWOT and urgency/importance grid. When a business makes decisions, it is important that they weigh in all aspects of going through with the decision. Laying the advantages and disadvantages helps to answer questions, such as will the company profit?
However, I believe that businesses should not rely on this tool because there is always room for error. Sometimes it is worth taking a risk, and sometimes it is better to lay back, but these decision tools may not always lead you to the right decision.
Works Cited:
http://sethgodin.typepad.com/seths_blog/page/2/