Business Owners and Decision-Making

2024/4/28

/villagepump/2024/04/29

  • The realization of the concept that “business owners’ work is decision-making” is starting to emerge
    • In situations where the outcomes of actions are unclear and there are constraints, decision-making is necessary to determine what risks to take and where to allocate resources
    • For example,
      • Unclear situation: Uncertainty about how many users will gather and how many will stay
      • Constraints: Mainly personal savings and time (final exams in five days)
      • Risks: How much money to invest
      • Resource allocation: Where to focus personal development resources
    • It feels like doing something similar to Coffee Inc 2 in the real world