Tuesday, 27 May 2014 09:29

How to Make Profitable Choices Featured

Written by
Rate this item
(0 votes)

You’re faced with hundreds of choices every day, thousands even. But how can you know if you’re making the right ones? We do fall into traps many times when we are faced with real circumstances and we have to make a decision or a choice. It is always not a straight forward

procedure yet some are masters in making decisions that are profitable in the long run. There are some decisions that give instant profitable result in the short term but backfire in the long run. One must be very clear and certain when making decisions.

Truth is, most often our decisions are disrupted by an array of biases and irrationalities. Sometimes we’re overconfident. We seek out information that supports us and downplay information that doesn’t. We get distracted by short-term emotions. When it comes to making choices, it seems, our brains are flawed instruments. The right decision, at the right moment, can make all the difference. What you decide will determine the kind of person you become later. Taking decisions at crucial stages can even affect your future.

There numerous numbers of times we are not sure we are making the right choice but we make them base on the circumstance in front of us. Sometimes things could change so quickly that our choices no longer apply and in this case people might look at it as a bad choice but for you it could be seen as a precaution and not a bad choice.

In January 2014 when Arsenal confirmed the signing of Kim Kallstrom from Spartak Moscow on a loan deal, it was not met with much enthusiasm. But that indifference was turned into what-on-earth-was-Wenger-thinking when it became clear Kallstrom would miss a significant amount of playing time with a back injury.  With Wenger only deciding to sign a midfielder owing to the injuries suffered to the likes of Aaron Ramsey and Jack Wilshere, it made absolutely no sense, at least on the face of it, to make a move for a player who will not be available for the entire month of February and possibly beyond that.

Wenger admitted he had known about the injury to Kallstrom before making the signing, but insisted he was left with little choice owing to time constraints, having clinched the Sweden international’s signature on deadline day of the January transfer window.

“[Being fit at the end of February] is the best-case scenario,” Wenger said. “I’m sure if you have played football you might have played with a micro-fracture of your vertebra without even noticing it because on a normal scan you don’t find out. He might play before that [the end of February] but he might play as well later. I would not have signed him if we had two or three more days to do something, but it was Friday night at five o’clock, so it was [a case of] you [sign] nobody or you do it under these conditions.

The Arsenal manager defended his decision to acquire an already injured player due to the fact that Ramsey, Arsenal’s best player that season, suffered a setback, which is likely to keep him out of action for a further six weeks. “It crossed my mind after the [setback] of Ramsey, because everybody says he is back in six weeks but because he had two setbacks who can guarantee that it will not last longer? And after Tuesday night of course, because Wilshere couldn’t play [at Southampton]... it was not a 200 percent need, we could have gone without, but first of all you must identify a player who has the quality to play for us, in January,” he said.

“Then, because we have the number of players needed in that area, not to be locked in a deal of three or four years, where you pay the players to do nothing. So to find a player on a free loan, of that quality, on Wednesday morning until Friday night, is not easy.”

But surely, Wenger would have considered pulling out of the deal for Kallstrom, knowing the risks that the signing came with. “Of course it crossed my mind,” Wenger said. “I decided to do it because we might, because of the number of games we have now in February, need the players in March or April. There is a possibility [that he may not play] but as well there is the possibility that he scores us the winning goal that might be vitally important.

“At some stage in our job you have to make a decision. Are you wrong or right? You will only know at the end of the season. I made this decision because, since the start of the season, all our central midfielders have missed a part of the season -- whether it’s [Mathieu] Flamini, Wilshere, [Mikel] Arteta, [Alex Oxlade] Chamberlain or [Santi] Cazorla. All of them have had injuries and it can happen that a few of them miss the next part [of the season] together. It’s true that in the first four to six weeks we have not sorted that problem out.”

Here you can see that making these choices sometimes will not bring you instant solution but you need to weigh the options. On the pyramid of choice there are several choices to choose from and the reasons behind your choices are best known to you. I have that concept that at the time of making a choice you are not hundred percent sure it is the best choice but you know it is among the best of options you have so you make the choice base on other information and circumstances surrounding the decision. So how do you make a choice that will benefit you? We are going to use the pattern of the choice made by Arsène Wenger as our model.

Stay Clam and Peaceful
Staying calm gives you the power to be in control. Realize that being calm is an internal issue, not an external factor. It can be tempting to blame your external life for your lack of inner calm. Be kind to yourself. Being calm begins with being self-loving (which does not mean being self-absorbed).

Get as much information as possible
You don’t need to be hasty in your conclusion. The only way to see the picture clearly is to obtain as much information as possible. Sometimes the information you obtain has the solution in it. Facts wise, find out everything you can about the problem you’re facing and the options you have for dealing with it. This will help you make the most informed decision.

Know Your Options
Knowledge is power. You need to investigate and understand the various options available to you. This is very important because it gives you more solution that can be applied.

List all your options
List all of your options. At first sight, it may appear that there is only one course of action, but that is usually not true. Even if your situation seems limited, try to make a list of alternatives. Don’t try to evaluate them until you’ve got a full list. Be thorough.  

Think in depth about each option
You need to think in depth about each option. You need to analyse them and see try to think what there different outcome will be. You know what is best for you in this situation and this will be easy to choose because you have deep knowledge of your options.

Weigh all the risk versus the gains
For every option, list every possible outcome and label it as positive or negative. You are not in a hurry. You want the very best so you must ensure you get the best.

Observe your feelings and emotions
You’ll be comfortable with some options and uncomfortable with others. Allowing your emotions to be in control is dangerous. Being able to control your emotions depends in part on how much you feed a particular emotion; on how much you focus on what you are afraid of, enraged by, or depressed about. You must be totally focused in dealing with the situation not allowing your emotion to be the driver.

Relate your choices to your priorities
Each question you asked yourself here is very important so you need to create a list of priorities in relation to these questions. Write down the list, and then put your options against it. If you have well-established priorities, this will be easy. If you don’t, take extra time with this step.

Make a Choice
The reason you started this exercise is to make a choice so now you have more than enough solution in front of you that will enable you to make the choice. Go for it. Don’t fold your hands. This is the time and the hour you have been waiting for. Don’t waste it.

Designate your choices
Most of the times your choice will sneak up on you before you even realize you’ve made a decision. Things should begin to fall together for you at this point. You should feel good about yourself and what you want. This strengthens your confidence in yourself, and strengthens your identity.

Register your Choice
At this point you’re putting it all together in preparation for action. Do not backtrack. Keep moving forward towards your final decision. Be very open here. I have been in a situation before while trying to make a decision the events that happened next enables me to make the decision as it puts the solution right in my hands. If I was negative I wouldn’t have been able to identify the solution.

Now Commit to your Choice
It will make no sense to spend all the time you did and energy in making a choice that you won’t commit to. Choice becomes a decision when implementation takes place. Focus your time, energy, self, and purpose on the decision.

Kim Kallstrom scored a crucial penalty against Wigan Atlantic in the semi-final of the FA cup which puts Arsenal in the final and was able to win silverware after nine years without one. So the decision is productive in the long run.

57389 comments

  • Comment Link jordan retro Tuesday, 16 March 2021 18:11 posted by jordan retro

    My spouse and i got quite excited when Peter could conclude his investigation out of the precious recommendations he received through your web page. It's not at all simplistic to just continually be giving away things which men and women might have been trying to sell. And we fully grasp we have got the website owner to appreciate because of that. All the explanations you've made, the simple website navigation, the friendships you help to foster - it is most fantastic, and it is letting our son and our family do think that idea is exciting, which is extraordinarily essential. Thanks for everything!

  • Comment Link lebron james shoes Sunday, 14 March 2021 02:34 posted by lebron james shoes

    Thank you so much for providing individuals with a very special chance to discover important secrets from this website. It really is so brilliant plus stuffed with a lot of fun for me personally and my office friends to visit the blog really 3 times in one week to find out the fresh secrets you have got. And indeed, I am usually fascinated with all the effective strategies served by you. Certain two facts in this post are truly the best I've ever had.

  • Comment Link supreme outlet Thursday, 11 March 2021 09:33 posted by supreme outlet

    I and also my buddies have already been taking note of the great thoughts on your web site then all of the sudden I got a horrible feeling I had not expressed respect to the blog owner for those techniques. The women became very interested to study all of them and have really been taking advantage of those things. Thanks for truly being very helpful and also for pick out some superb subject areas most people are really desperate to be informed on. My personal sincere regret for not expressing gratitude to you earlier.

  • Comment Link nike shox Monday, 08 March 2021 19:44 posted by nike shox

    Thanks for all of your efforts on this web site. My mum delights in getting into internet research and it is obvious why. All of us know all about the lively method you convey priceless steps through the web site and therefore recommend contribution from visitors on that issue so our daughter is now learning a whole lot. Take pleasure in the rest of the new year. You're performing a glorious job.

  • Comment Link curry 5 shoes Friday, 05 March 2021 22:32 posted by curry 5 shoes

    I wish to express my passion for your kind-heartedness for all those that really need assistance with this important area of interest. Your very own commitment to getting the message along had become certainly advantageous and has really enabled many people just like me to attain their goals. The invaluable guideline indicates so much a person like me and a whole lot more to my colleagues. Many thanks; from each one of us.

  • Comment Link lebron james shoes Wednesday, 03 March 2021 06:25 posted by lebron james shoes

    Thank you a lot for giving everyone a very splendid chance to read articles and blog posts from this web site. It's usually so kind plus stuffed with fun for me and my office fellow workers to search your site at least three times a week to learn the new secrets you have got. And indeed, I'm at all times impressed considering the sensational creative ideas served by you. Some 2 ideas in this posting are unequivocally the simplest we have had.

  • Comment Link jordan 1 high Sunday, 28 February 2021 17:19 posted by jordan 1 high

    I must show some thanks to you for rescuing me from this predicament. After looking throughout the search engines and meeting basics which were not productive, I believed my life was well over. Being alive without the strategies to the problems you have fixed by means of your main blog post is a crucial case, and ones that could have adversely affected my career if I hadn't noticed your blog post. Your main training and kindness in taking care of everything was crucial. I don't know what I would have done if I hadn't come across such a solution like this. I am able to at this time look ahead to my future. Thanks for your time very much for the specialized and effective guide. I won't think twice to recommend the blog to any individual who would need counselling on this subject matter.

  • Comment Link curry 6 shoes Thursday, 25 February 2021 14:57 posted by curry 6 shoes

    A lot of thanks for your whole work on this web page. Kim really loves getting into internet research and it is obvious why. My spouse and i hear all of the powerful method you offer effective ideas by means of this website and even increase response from other individuals on that subject while our simple princess has been starting to learn a lot of things. Take pleasure in the rest of the new year. You are always conducting a remarkable job.

  • Comment Link golden goose Monday, 22 February 2021 15:47 posted by golden goose

    Thank you for your own efforts on this web site. My aunt really likes participating in investigation and it is obvious why. Most of us notice all concerning the compelling manner you create insightful things through your website and as well as increase response from the others about this topic while our own daughter is becoming educated a lot. Take advantage of the remaining portion of the year. Your doing a remarkable job.

  • Comment Link kd13 Friday, 19 February 2021 12:42 posted by kd13

    I simply had to say thanks once again. I do not know the things I would have accomplished in the absence of the actual pointers contributed by you concerning such a subject matter. It seemed to be a very distressing scenario in my position, however , looking at your skilled manner you managed the issue forced me to weep over joy. I am just happy for your help as well as expect you know what an amazing job you have been undertaking teaching men and women via your web page. I'm certain you've never come across any of us.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.