Avionics News December 2012 - 48

series

BUSINESS BASICS
B Y G R E G L A S L O

Choosing Wisely
E
eny, meeny, miny, moe; if this is how you make a choice, hurry up and let it go. Sure, rhymes worked when you were a kid, but now that you’re in business you need grown-up methods to go with your grown-up pants. An online search of decision-making produces 377 million links on Google and more than 312,000 on Amazon. With those statistics, learning about making good decisions can look downright complicated, and maybe it should be. Decisions shape your life – from the socks you wear to the house you buy to the moves you’re planning at your shop – so you probably ought to be crystal clear about how, and why, you make them. In your world, where you need to make decisions efficiently, it starts with understanding how to make choices, both big and small, and it’s not necessarily the same. At the same time, you should recognize where the break occurs, because the old saying – good decisions come from experience, and experience comes from bad decisions – is only partially correct. In aviation and business, sometimes you won’t get a second chance.

Tuning Up Your Decision Making
cally based on available facts,” said the former project manager and systems engineer for Lockheed. “A bad decision makes no sense and has no logic to it.” Undoubtedly, you would prefer to make more of the former and fewer of the latter and as effortlessly as possible. You’re more likely to hit the mark by using a strategy that allows you to select alternatives with the best chance of achieving the desired outcome. Typically, we use a variation of pro-con lists, where factors are listed and scored, and the deep thinkers among us have created a myriad of decision-making models to account for complexity. For example, there’s the OODA loop (observe, orient, decide and act), QUICK (question appropriate parties, understand your objectives, investigate all options, communicate clearly to all concerned and keep on top of things) and DECIDE (define the problem, establish the criteria, consider all the alternatives, identify the best alternative, develop and implement a plan of action and evaluate the solution). Each emphatically

WEIGHING DECISIONS Hal Mooz, author of Make Up Your Mind, wonders why anyone would visit a restaurant that received a one-star rating on the reviewsite Yelp.com, buy a car that was panned by Consumer Reports or order a book that got poor reviews on Amazon – and then complain about it. “A good decision is well-founded and typi48
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http://www.Yelp.com

Avionics News December 2012

Table of Contents for the Digital Edition of Avionics News December 2012

Point of Communication
AEA Now
The View From Washington
International News and Regulatory Updates
ADS-B Circa 2013
Member Profile
Family Matters
Remembering Monte R. Mitchell
Before & After
A Conversation With...
History's Caretaker
Pro-to-col
Business Basics
Theory & Practice
AEA Members Make Headlines at NBAA Convention
What's New
Marketplace Classifieds
Avionics News December 2012 - Intro
Avionics News December 2012 - Cover1
Avionics News December 2012 - Cover2
Avionics News December 2012 - 1
Avionics News December 2012 - 2
Avionics News December 2012 - 3
Avionics News December 2012 - Point of Communication
Avionics News December 2012 - 5
Avionics News December 2012 - AEA Now
Avionics News December 2012 - 7
Avionics News December 2012 - 8
Avionics News December 2012 - 9
Avionics News December 2012 - 10
Avionics News December 2012 - 11
Avionics News December 2012 - 12
Avionics News December 2012 - 13
Avionics News December 2012 - The View From Washington
Avionics News December 2012 - 15
Avionics News December 2012 - International News and Regulatory Updates
Avionics News December 2012 - 17
Avionics News December 2012 - 18
Avionics News December 2012 - 19
Avionics News December 2012 - ADS-B Circa 2013
Avionics News December 2012 - 21
Avionics News December 2012 - 22
Avionics News December 2012 - 23
Avionics News December 2012 - Member Profile
Avionics News December 2012 - 25
Avionics News December 2012 - 26
Avionics News December 2012 - 27
Avionics News December 2012 - Family Matters
Avionics News December 2012 - 29
Avionics News December 2012 - 30
Avionics News December 2012 - 31
Avionics News December 2012 - 32
Avionics News December 2012 - 33
Avionics News December 2012 - Remembering Monte R. Mitchell
Avionics News December 2012 - 35
Avionics News December 2012 - 36
Avionics News December 2012 - 37
Avionics News December 2012 - 38
Avionics News December 2012 - Before & After
Avionics News December 2012 - A Conversation With...
Avionics News December 2012 - 41
Avionics News December 2012 - History's Caretaker
Avionics News December 2012 - 43
Avionics News December 2012 - 44
Avionics News December 2012 - 45
Avionics News December 2012 - Pro-to-col
Avionics News December 2012 - 47
Avionics News December 2012 - Business Basics
Avionics News December 2012 - 49
Avionics News December 2012 - 50
Avionics News December 2012 - 51
Avionics News December 2012 - Theory & Practice
Avionics News December 2012 - 53
Avionics News December 2012 - 54
Avionics News December 2012 - 55
Avionics News December 2012 - AEA Members Make Headlines at NBAA Convention
Avionics News December 2012 - 57
Avionics News December 2012 - 58
Avionics News December 2012 - 59
Avionics News December 2012 - 60
Avionics News December 2012 - 61
Avionics News December 2012 - 62
Avionics News December 2012 - 63
Avionics News December 2012 - What's New
Avionics News December 2012 - 65
Avionics News December 2012 - 66
Avionics News December 2012 - 67
Avionics News December 2012 - 68
Avionics News December 2012 - 69
Avionics News December 2012 - Marketplace Classifieds
Avionics News December 2012 - 71
Avionics News December 2012 - 72
Avionics News December 2012 - Cover3
Avionics News December 2012 - Cover4
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