The French philosopher Jean-Paul Sartre wrote, “Ne pas choisir, c’est

QUESTION

The French philosopher Jean-Paul Sartre wrote, “Ne pas choisir, c’est encore choisir,” which means “not to choose is still to choose.”

In business, “analysis paralysis” happens when a manager delays making a decision by overanalyzing the situation. What are the possible negative ramifications of delaying a decision? How could that be making a choice by not choosing?
What will be an ideal response?

ANSWER

Answer: A manager might be deciding whether to make a large purchase, for example. By the time he or she makes the decision to proceed, the price might be higher, which would be one negative ramification. The item might not be available, in which case the choice not to buy the product was made for the manager by waiting too long.
Explanation: One expert on decision making suggests the time to decide is now if you can answer “yes” to the following questions: Do I have a reasonable grasp of the problem? Would I be satisfied if I chose one of the existing alternatives? Would it be unlikely that I could come up with a better alternative if I had more time? Could the best alternatives disappear if I wait?