Articulation of problem
We should ask those who have the answer when we have doubts. During this week's decision-making process, we have been wondering how much we can have per week, and we use the cash flow in our earnings report as our available funds. But we are always confused by seeing our extra interest income in the next week's earnings report, because we should spend almost the same amount of cash. This week, we found that we made a mistake, we used the opening balance as all cash flow.
Analysis of problem
We have always had this question but never thought about solving this doubt. I think there may be two reasons. First, our market performance at the time was very good, and there was no big capital demand, so this matter is not urgent or serious. Second, we think that our ideas are not wrong, just like we don't know what we don't know.
This problem arises mainly because we lack sufficient knowledge and practice, and we don’t have enough problem reflections, because before we make every good decision, sufficient correct information, related actions, and comprehensive thinking are critical.
Because it is close to the end of the semester, our solution to this problem is, first of all, when discussing the team meeting, what is wrong with us is not certain to be correct now. If found, then the first time to ask people with this knowledge, like It is peter. Second, I got the answer. This is a good decision-making action that the discussion decides we have to do about this new information. Finally, check all the decisions to determine the good decision.
Barbara, O., Richard M., F., Rebecca, B., & Imad, E. (2004). Turning student groups into effective teams. Journal of Student Centered Learning, 2(1). Retrieved from http://owww.brookes.ac.uk/services/ocsld/group_work/turnin_student_groups_into_effective_teams.pdf
Hammond, J. S., Keeney, R. L., & Raiffa, H. (1998). The hidden traps in decision making. Harvard Business Review, 76(5), 47+. Retrieved from http://link.galegroup.com.ezproxy.auckland.ac.nz/apps/doc/A21114518/AONE?u=learn&sid=AONE&xid=a9c18574