Thursday, January 3, 2013

Management Tip of the Day, - Put Mundane Decisions on Autopilot





HBR :JANUARY 3, 2013

Life is full of mundane decisions: what to wear, what to eat, which route to take to work.

Making too many decisions about humdrum details is a waste of a limited resource: your mental energy.

 When you have more demands on your time than you can accommodate, eliminate as many of these choices as possible by putting them on autopilot.

Eat the same thing for breakfast everyday (hint: yogurt and fruit are better than doughnuts and coffee).

Reduce your wardrobe options and create go-to outfits for certain types of occasions.

Take the same route every day.

By making fewer decisions you'll free up your mind to focus on things you care more about.
Today's Management Tip was adapted from "Boring Is Productive" by Robert C. Pozen.

Urjit Patel appointed as RBI deputy governor





Mint : Wed, Jan 02 2013. 05 51 PM IST



Prior to his appointment, Patel was an adviser in the Boston Consulting Group

Mumbai: Urjit Patel has been appointed as a deputy governor of the Reserve Bank of India (RBI), banking secretary D.K. Mittal toldReuters on Wednesday.
Patel will replace Subir Gokarn, who was heading the monetary policy department, among others in the central bank.
Prior to his appointment, Patel was an adviser in the Boston Consulting Group.
Gokarn’s term as a deputy governor ended on 31 December.