Decision-Making: Making The Best Ones

Making decisions, for most people, can be really tough. This is even worse when you’re a leader running a business, as the inability to make good decisions at the spur of the moment can be detrimental.

Take a look at how to make the best decisions in the workplace.

decision-making

#1. Weigh The Good And Bad

If the decision is one that you have enough time to ponder over, the two-column pros and cons list method is one you should be familiar with.

All this requires is a sheet of paper with a line drawn in the middle. In one column, highlight the pros and the other should contain the cons. The column with the longest list wins.

This method only works where there are only two sides to the decision.

If there’s more to the decision like multiple-factors involved such several people or companies in the picture, then this simplistic decision-making tip may not work.

#2. Discard Everything (You Think) You Know

One thing that innovative people are known for is their ability to think outside the box. The best way to do that is discard everything you know or you may think you know. Assumptions can be likened to the rotten apple that spoils the whole bunch. Hence, it is very essential to quit with the assumptions.

In the case where you’re trying to decide between two, capable and hardworking employees to promote to a higher position within the company, it is reasonable to assume that both employees will perform to the best abilities as they are doing in their current positions; or that both of them would be glad to receive promotion and that their present departments will survive without their presence.

It’s because of this that making the decision can be challenging.

Nevertheless, these assumptions can be deceiving.

The new position may require some skills that one of the employees hasn’t acquired or cannot learn. This eliminates one criteria.

Secondly, as enticing as promotions can be, some people may not like them since it may demand longer working hours or dealing with dangerous situations or working under or alongside someone they may have an issue with. With this prospect, you may be one step closer to making a decision.

The third prospect that has to do with departments could also help you in making a decision. There’s a possibility that promoting one of the two employees may pose a problem for their current departments as it will leave a gaping hole that may take time to fill. It could also have negative financial effects on the company. In such a case, it will be best to keep such an employee in their current position until they have a replacement.

I bet you can see how removing assumptions from the picture can help you a great deal.

#3. Believe In Your Intuition

For some of us, making decisions leaves us second-guessing whether we made the right decision, but time has shown that our first instincts can be fearfully accurate. Your intuition can aid you in making that vital decision-making for your business.

Have you ever being in that position where you’re like “I always knew something wasn’t right about that!” That’s your intuition at work and it’s best to give your gut feeling some attention and credit.

However, don’t mistake your gut feelings for preconceived notions. There’s a huge difference between the two.  Don’t try to justify a wrong decision by using a preconceived notion to try and rationalize it.

#4. Look At The Bigger Picture

It is important to recognize that making business decisions may not only affect your or your department but may have effects on the profits of the company and its future. It may be hard to look at the bigger picture when trying to reach a decision but it must be done.

Remain as objective as possible and hypothesize your decision to see how it will affect others. This will help you in making powerful decisions that may not earn you a Grammy Award but will get you the respect of your colleagues.

Last but not least, learn to stick with your decisions. Don’t reverse unless there’s strong evidence that you were wrong in your judgment. Being unsure about your decision is worse than never making one at all.

Once you put the above tips in motion, you should be confident about your abilities to make wise decisions.

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