decisions - Concepts

Explore concepts tagged with "decisions"

Total concepts: 8

Concepts

Pivot or Persevere - The structured decision to either change course based on learning or continue current direction.
Idea Maze - A mental model for navigating the complex landscape of startup decisions by understanding all possible paths and their historical outcomes.
Make or Buy Decision - Strategic choice between producing goods or services internally versus purchasing them from external suppliers.
Group Decision Making - Processes for teams to reach decisions that leverage collective intelligence while avoiding pitfalls.
Outsourcing - Practice of delegating business functions to external providers to reduce costs or access specialized expertise.
Hidden Time Cost - The true cost of a purchase includes not just the price paid, but the time and energy required to use, consume, or maintain it.
Infoglut - An overwhelming excess of available information that hampers rather than helps decision-making.
Transaction Costs - Costs incurred in making an economic exchange beyond the price of the good or service itself.