The Judgment

He was reading his whole life. He feels guilty and becomes little angry while bringing old days into mind. He trusted, he tried, he worked hard and he failed. Business is not just a gambling. Working hard on gambling brings luck in between success and you. All losses and frauds surround business. What we need is - THE judgment.

Good judgment is one of the most valuable qualities in a businessman. judgment makes man wise. Earning experience enables you making wise judgments.

All judgments need not be wiser but learning makes it for future. This is what I believe. Believe in yourself - is nice theme to recall while making decisions.

Managing business requires judgments at various levels. judgments are taken at: strategic, policy; operational, divisional and departmental; managerial and supervisory; and individual levels. judgments taken at higher level and for external beings are crucial for business operations.

Experience, knowledge and judgment walk altogether on business path. judgment is applying knowledge to different situations and conditions. What works today need not necessary to work tomorrow. Experience briefs knowledge. All practical issues are noted by wiser people and jotted down - becomes theory for next generation. Knowledge goes in proportion to our ability and labor in searching for it. Addition to knowledge is equal to information you searched for applying past knowledge.

Making judgment is an output applying human sense, emotions, wisdom, time and knowledge (considering experience). When I say human sense and emotions, I mean reality and condition of human mind while making judgment. Stability of mind can measure and evaluate criteria and conditions to make judgment.

Doc Childre and Howard Martin say, "The mind likes to assume it "know what it knows" but often the perceptions are just not accurate. Yet strong judgments are made all the time based on limited information...When we judge someone and then adopt an attitude toward them that shuts down other possibilities and locks us away from the insight of our hearts."

There is a trade off between quality and volume of information that can be gathered. The longer the time scale, the better the chance of gaining sufficient information to evaluate. Quick judgment is applying imagination and extra effort with risk in absence of information.

Being at court, what I understood from judgment is to base fundamentals of laws, evaluate evidence and compare past judgments (here experiences). Group of similar conditions and judgments compose an additional law. Requirement and demand is an opposite factor to what I said just now. You can burn your past experiences, fundamental laws and evidences to match requirements and demands from mass and formulate law which was never applied.

Benefits of mass compose groundbreaking judgments. Similarly in business apply consumer research to evaluate current requirements and demands from consumer e.g. change in taste or fashion, new technologies etc.

According to Alex Osborn, American academic and author of ' Applied Imagination: Principles & procedures of creative thinking' believes that imagination is vital to precautionary judgment. " One of the ablest executives I know recently said to his board of members: 'we are sailing along but we ought to be on the lookout for rocks ahead. I made up a list of 20 things that might wreck us. Here they are.' Later he enlisted the help of five creative men with business experience and worked out a checklist of 179 such hazards."

Creative thinking and imagination however do not mean personal beliefs. Taking an example of identifying persons, we judge people from look unfortunately. What I mean is similar to what Talmud said, " Examine the contents, not the bottle." Creative judgment or groundbreaking judgment generally is the judgment without reasons. Earl of Mansefield insisted on judgment without reasons. " Give your decision, never your reasons; your decisions may be right, your reasons are sure to be wrong."

Being factors, rationale, objectives, criteria, action, analysis, alternatives and risks impinge on your judgment. The ultimate is the reality after every judgment.

Paula Yates wrote, " Many things happen as we get older. We acquire more compassion, for example. Suddenly you realize that nothing is black and white but there is a great deal of gray. It becomes impossible to be truly judgmental of people because you realize how little you ever know about what goes on in people's homes and how they really live."

Probably this is the truth. Nothing is black or white. Everything is gray.