The decisions you make reflect your personality. One right decision can unlock the doors of success and fame and one wrong decision can doom your life. It is essential for you to realize that the decisions should never be taken in a hurry. Effective decision making includes full concentration and presence of mind.
For eliminating losses you need to make the correct decisions for the company. This includes varied important aspects such as the environment and the market strategies; the price and demand concept; the hazards which would prevail; the assets and the liabilities. Making the best and the most optimum decision is extremely difficult but it is not impossible. The needs of the data you require for making excelling decision are mentioned below.