Learning diaries Essay Example | Topics and Well Written Essays - 4500 words

Learning diaries - Essay Example He advises that managers can use many strategies concurrently, but one can switch between the different hats as business progresses (Hargie, 2011, P. 15).The white hat strategy focuses on management’s decision centering on just the facts at the management’s disposal. Management wearing the white hat has to primarily and ultimately make decisions based on the facts at hand before making any decisions. The only considerations’ base is on proposals and data, and their presentation focuses only on neutrality and their presentation. Bono advises that although it is viable, the leader should not wear it for a long time as it only asks the questions of â€Å"what is the manager has, what is missing, what the manager would like to have and how to avail this extra information† (Hargie, 2011, P. 75). The yellow hat strategy asks management to base their decisions purely on how benefits can are attainable. Management in the yellow hat should not look for the cons in entering the particular business ideas. It focuses on just the positive side of things with pros filling the sheet of paper. The underlying factor in wearing the yellow hat suggests that the entrepreneur to assess the benefits of venturing into the idea, it focuses on the proposal at hand and assesses the positive assets available (Hargie, 2011, P. 765). The manager should then ask how this proposal should commence. Bono asserts that its viability is that every good business idea deserves the entrepreneur’s attention Yellow hat attire, but the profits are not always instantly (Hargie, 2011, P. 765). The black hat sends out a word of precaution. When wearing the white hat, one’s obligation focuses on cynicism and utter concentration on assessment. One has to carry out logical assessments, focusing on the attributed costs, the formulation, the feasibility and also the safety factor. Usually, this decision making hat reflects on why the proposals do not align with the facts at