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Strategic Decisions: You Can't Always Be Right

Summary

No matter how well informed you are, how careful you have been in specifying the problem, how much data and information you have collected, how systematic you have been in the decision process, it is possible you will make a mistake – a wrong choice. How can you frame the decision and proceed through the decision process to reduce the consequences (as well as chances) of making a mistake, and how can you transform a mistake/failure into a success.