Establish decision-making criteria - Deepstash

Establish decision-making criteria

The most difficult challenges in testing are internal processes. While managers are good at asking questions, they fail to specify what would constitute a feasible answer to those questions. Managers must always interpret data with a specific end in mind.

For example, pricing has many dimensions, such as base price, discounts, rebates tied to volume, special offers, etc. The evaluation criteria for price testing should be established because testing means evaluating alternatives.

4

8 reads

CURATED FROM

IDEAS CURATED BY

ang_wang

The older I get, the more I realize what really matters in life.

The idea is part of this collection:

Lessons From Self Made Billionaires

Learn more about business with this collection

The value of hard work and persistence

How to stay focused on long-term goals

How to learn from failures and setbacks

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates