Steps for buying anything

How do you ensure that you are getting the best deals when you buy anything?
Following steps will help you achieve that!

Meaning of Saam Daam Dand Bhed [ साम दाम दंड भेद ]

This is the advise given in ancient Hindu scriptures. 

1.   Saam  - the policy of getting work done through peaceful negotiation

2.   Daam - the policy of getting work done through money or allurement

3.   Dand - the policy of getting work done through punishment or fear

4.    Bhed - the policy of getting work done through creating differences or divide and rule policy.

How to make a choice?

People often don't make any choice if presented with too many options!

50% of all decicions made by average CEOs take less than 9 minutes.

An average person (in USA) makes around 70 choices per week.

Following 4 steps are believed to help individual to make a better choice for each decision.

1. Cut - Less is more, make only fewer options available.
2. Concretize - Make consequences vivid. Try to understand real consequence of each option.
3. Categorize - In a way that it suits choosers' needs rather than choice maker's!
4. Condition - Go from fewer choices to more choices as you go on decision making process.

Source: TED talks