The five step process for making great decisions (IM 671)

Ray Dalio in his book “Principles-life and work” highlighted five step process of great decision making. I have been inspired by this process and believe that these steps are the gem when it comes to make decisions. This five step process includes: Setting a goal Identifying and not tolerating the problems Diagnosing the problems Coming…

Setting up the priorities (IM 563)

Decision is what makes everyone anxious. It is the human nature to be unsatisfied of the decision we make. That’s the the reason why figuring out the priorities is important. When we set up the priorities, our every acts become more effective and efficient. Our time becomes productive. Doing the work on the basis of…

The crucial “R’s” (IM 509)

When it comes to run and establish a successful and sustainable  organization, there are three important “R’s” that should never be forgotten. These three “R” determines the future of that organization and they are: 1.Requirement: The list of priorities that is required to meet the vision is the requirement. 2. Return: The return we get…

Encourage Failure (IM 443)

I came up with the story of Sara Blakely the other day. She is the world’s youngest self-made billionaire and the founder of Spanx. In 2012 Time magazine named her one of the 100 most influential people in the world. She shared that the most important secrets of her success were her parents. Her father always encouraged her…

A culture of discipline (IM 399)

All companies have a culture, some companies have a discipline, but very few companies have a culture of discipline. A culture of discipline includes disciplined people, disciplined thoughts, and a disciplined action. When you have disciplined people, you don’t need positions and hierarchy. When you have disciplined thoughts, you don’t need bureaucracy and when you…