When you make major decisions, like choosing a major business goal and strategy, selecting a new employee, starting a business or even buying a house, you typically need to process a lot of information to make the judgment in an effective way. We all know people who take it too far and are often paralyzed by analysis and can't make key decisions. On the other hand, many American business leaders are criticized, and often rightly so, for making major decision without enough preparation, without sufficient understanding.
When it comes to hiring and major decisions in management, the cost in time and money to understanding has been dramatically reduced.
Contributed by admin on 12th of July 2014 05:08:48 PM
When you make major decisions, like choosing a major business goal and strategy, selecting a new employee, starting a business or even buying a house, you typically need to process a lot of information to make the judgment in an effective way. We all know people who take it too far and are often paralyzed by analysis and can't make key decisions. On the other hand, many American business leaders are criticized, and often rightly so, for making major decision without enough preparation, without sufficient understanding.
When it comes to hiring and major decisions in management, the cost in time and money to understanding has been dramatically reduced.
Contributed by alan on 12th of July 2014 04:35:49 PM
By accessing this specific research or running a study on a job you are hiring for, to fine tune the specifications, the level of understanding is increased greatly. The end result is a single number, based on research that constitutes a probability of success in that job (success = high performance). Selection decisions can be made MUCH more accurately. Just in the last couple years, leading companies such as MasterCard, Travelers, Qualcomm and hundreds of others have begun adopting this approach to select their people.
