Personally, I liked the phrase- Analysis Paralysis, and hence thought of elaborating the same.
Analysis paralysis is an informal phrase applied to when the opportunity cost of decision analysis exceeds the benefits(From Wikipedia).
Analysis paralysis applies to any situation where analysis may be applied to help make a decision and may be a dysfunctional element of organizational behavior.
What it means, in layman's term, is that many times people keep on analysing the situations and in the process decision is delayed, which acts as hinderance to further steps involved in the process. The process gets delayed, and it may get abandoned also.
One can say that although we need to annalyse a situation, there should be a limit to it and we need to take a clear stance (and a decision)which may prove to be incorrect also.In this aspect it can be said that many times a decision taken proves to be a wrong many times we have time for correcting the same if the earlier decision has been taken promptly.
This applies to many situations in life and one has to be careful enough to see that analysis paralysis does not make the whole process dysfunctional.
Prashant Koli
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