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Developing Decision-Making Skills for Business by Julian L.Simon

Developing Decision-Making Skills for Business by Julian L.Simon

This highly practical and reader-friendly book considers effective decision-making skills as most vital to achieve success in life and business. The book, Developing Decision-Making Skills For Business aims to analyze and evaluate decision-making processes that help us make decisions among various possible courses of conduct. The analytic system described in the book offers a large array of powerful application tools useful for building effective decision-making skills both at the individual and organizational levels, and developing strong interpersonal relationships with peers and clients. The book attempts at building intellectual bridges between the varied modes of thinking that exist in social and decision sciences and in the field of organizational behaviour. Along the way, the text also covers other essential ideas such as identifying tastes and preference, personal skill assessment, multitasking, risk and uncertainty, human resource management, time constraints, data collection and more – to help people make the most effective use of their time and energy. This book, provides a clear account of business skills development and should appeal to students of business administration and practising managers.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Developing Decision-Making Skills for Business by Julian L.Simon