Curious Observation – First Step in Decision Making Process
February 12, 2025
Traditional reinsurance companies have always made attempts to minimize risks associated with their business. Most reinsurance companies look at themselves as companies that hold on to risk on behalf of their peers. There are very few reinsurance companies that made investments in insurtech in the early stages of the industry. The few reinsurers which did […]
The process of learning is continuous which starts right from the time of birth of an individual and continues till the death. We all are engaged in the learning endeavours in order to develop our adaptive capabilities as per the requirements of the changing environment. For a learning to occur, two things are important: The […]
The fundamental principle of operational risk management is to ensure that all operational risks have been considered and decisions have been taken about the best way to mitigate them. This is because experience has shown organizations that the worst outcomes come from risks that they have knowingly or unknowingly ignored. It is therefore important to […]
Introduction A network society refers to the phenomenon related to the social, political, economic and cultural changes that have occurred due to the spread of the networks of digital and information technologies that have engendered the changes in the areas mentioned above. The rise of the network society has brought in its wake newer modes […]
The global virtual teams are characterized by team members located in different geographies and time zones with information and communication technology tools as the only interface for them to interact. The virtual teams offer unique challenges. In order to overcome these challenges and unleash the creativity and potential of all the team members, the leader […]
Individuals have a tendency to think and question before performing. This is fruitful in analysis and forecasting of individual’s behaviour.
Individual decision making has certain pros and cons, few of which are mentioned below:
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