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.

58415 comments

  • Comment Link supreme new york Wednesday, 28 April 2021 20:15 posted by supreme new york

    I want to point out my respect for your generosity for those who absolutely need help with this important idea. Your personal dedication to passing the message all over was amazingly productive and has without exception made professionals like me to get to their pursuits. This helpful advice means so much a person like me and even further to my office workers. Best wishes; from everyone of us.

  • Comment Link off white hoodie Wednesday, 28 April 2021 00:38 posted by off white hoodie

    I am writing to let you be aware of what a fantastic experience my wife's girl went through browsing your site. She picked up a good number of pieces, with the inclusion of how it is like to possess an excellent teaching character to let many others without problems completely grasp specified tortuous matters. You undoubtedly surpassed my desires. Thank you for coming up with these good, safe, informative and unique guidance on this topic to Emily.

  • Comment Link curry 7 shoes Tuesday, 27 April 2021 04:30 posted by curry 7 shoes

    I and also my friends ended up looking through the nice key points on your site then instantly I had a terrible feeling I never expressed respect to the site owner for them. Most of the young boys happened to be glad to learn all of them and have in effect in truth been tapping into these things. Appreciate your simply being simply kind as well as for making a choice on this form of marvelous tips millions of individuals are really desperate to be informed on. My sincere regret for not expressing gratitude to you earlier.

  • Comment Link moncler Monday, 26 April 2021 09:18 posted by moncler

    I happen to be commenting to let you be aware of what a cool experience my cousin's girl developed reading the blog. She realized a lot of details, which include what it's like to possess an ideal helping heart to have the mediocre ones easily have an understanding of a variety of complicated topics. You really did more than our expectations. Many thanks for presenting these effective, healthy, explanatory and in addition easy tips on this topic to Kate.

  • Comment Link curry 5 shoes Sunday, 25 April 2021 14:23 posted by curry 5 shoes

    Thanks a lot for giving everyone remarkably brilliant opportunity to read critical reviews from here. It's always so kind and as well , stuffed with a lot of fun for me and my office colleagues to search the blog more than 3 times in one week to study the newest items you have. And indeed, I'm at all times happy concerning the great tips served by you. Some two tips on this page are unquestionably the most effective we have ever had.

  • Comment Link kyrie shoes Saturday, 24 April 2021 20:04 posted by kyrie shoes

    I wanted to put you a very small observation to be able to say thanks a lot over again for your personal remarkable ideas you've provided on this page. It's simply extremely generous with you to grant extensively what exactly a few people would have advertised as an e book to help with making some bucks on their own, mostly considering that you might well have done it if you ever considered necessary. These points additionally served to become a fantastic way to fully grasp most people have the identical desire much like mine to understand great deal more with respect to this problem. I believe there are thousands of more enjoyable situations in the future for folks who check out your blog post.

  • Comment Link pg 1 Saturday, 24 April 2021 01:32 posted by pg 1

    My spouse and i felt very relieved Chris managed to deal with his reports through the ideas he had from your very own web site. It is now and again perplexing just to be making a gift of key points which usually men and women may have been selling. We consider we've got the blog owner to thank for that. All of the explanations you made, the straightforward blog navigation, the relationships you aid to create - it is everything awesome, and it's assisting our son and us reckon that the matter is satisfying, and that's pretty indispensable. Thank you for all the pieces!

  • Comment Link air jordan 1 Friday, 23 April 2021 06:43 posted by air jordan 1

    I am just writing to make you understand what a fantastic encounter my friend's daughter found reading through your webblog. She even learned a wide variety of issues, with the inclusion of how it is like to possess a great coaching spirit to have many others clearly learn specified multifaceted subject matter. You truly exceeded visitors' expectations. I appreciate you for offering those interesting, trustworthy, revealing not to mention unique tips on your topic to Mary.

  • Comment Link golden goose outlet Thursday, 22 April 2021 11:56 posted by golden goose outlet

    I simply wished to appreciate you once more. I'm not certain the things that I would have accomplished without those secrets provided by you directly on that area. It became a very distressing matter for me personally, but being able to view the very specialised strategy you handled the issue made me to weep over fulfillment. I will be happier for your work and in addition hope that you find out what an amazing job you were getting into training many others all through your web site. Probably you've never encountered all of us.

  • Comment Link curry 7 shoes Wednesday, 21 April 2021 17:24 posted by curry 7 shoes

    I have to express my admiration for your generosity giving support to men who have the need for help with your question. Your special commitment to passing the message around appeared to be exceedingly productive and has in most cases permitted regular people much like me to achieve their aims. Your entire warm and friendly report implies much a person like me and additionally to my office colleagues. Warm regards; from each one of us.

Leave a comment

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