What is decision-making?
How good is your decision making?
Decision-making is a key skill in business, and is particularly important if you want to be an effective leader.
Whether you’re deciding which job to take, which supplier to use, or which strategy to pursue, the ability to make a good decision with available information is vital.
It would be easy if there were one formula you could use in any situation, but there is no such a formula.
Each decision has its own meaning and presents its own challenges, and we all have different ways of approaching problems.
Because each of us has a different imagination of the own life, fulfillment and success.
So, what is your approach with regard to decisions?
And how do you avoid making bad decisions?
We need a systematic approach to decision-making, no matter what type of decision we have to make.
Because, no one can afford to make poor decisions.
Some questions for you:
1.) Do you try to determine the real issue before starting a decision-making process?
2.) Do you rely on your own experience to find potential solutions to a problem?
3.) Do you tend to have a strong “gut instinct” about problems, and rely on it in decision-making?
4.) Do you use a well-defined process to structure your decisions?
5.) Do you consider a variety of potential solutions before you make your decision?
Let us be clear:
There are fundamentally 3 kind of decisions:
1.) Decisions where we spontaneously would say: “Yes, wow this is something for me!”
2.) Decisions where we would think: “Oh, no – this is nothing for me!”
3.) Decisions where we would think: “Yes, … it is worth thinking about it …
And too often, people fall into the trap to follow this third orientation, too willingly.
They analyze how they might accomplish this orientation for the own success.
And here is the problem rooted …
When we think too long about a problem and how we could accomplish it, how we could be successful here, we get lost in time and thoughts … and too often we achieve not the assumed result.
WHAT WE SHOULD LEARN …
Forget thinking about projects, where you are not totally convinced of.
Save your time and your nerves!
Concentrate fully on projects and decisions where you are 100 percent convinced.
And forget projects where you would say spontaneously: “No, this is really nothing for me!”
REMEMBER THE RULE FOR DECISIONS
–> Either it is a clear “Hell yeah, baby!” or it is a clear “No!”.