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DECISION-MAKING4 MIN READ

Promote the Team or Cut Costs?

Decide between a promotion and budget cuts.

{"question":"You have £10,000 to either promote two high-performing team members or cut costs to meet your budget by the end of the quarter. Which do you choose?","options":[{"title":"Promote the Team Members","description":"Promoting your two strongest performers can boost morale and retention, fostering loyalty and motivation. However, this could strain your budget and limit resources for essential projects."},{"title":"Cut Costs to Meet Budget","description":"Cutting costs will help you meet your financial goals and ensure future stability, which is crucial for the team's long-term health. But this could demoralise your team and lead to higher turnover, especially among your top performers."}],"explanation":"The trade-off here is between immediate…

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