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Thursday, May 23, 2019
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Have you ever made a bad decision? One that you later wished you could change? Such errors in judgment may prove quite costly. Here are some guidelines for increasing the chances that many of your decisions will be good ones-or at least as free from the sources of error and bias as possible.

1. Don’t trust your memory, or beware of availability

When we make decisions, we can do so only on the basis of the information that available to us. Be careful! the information that comes most readily to mind is not always the most useful or revealing. When you face an important decision, therefore, jog your memory in several ways and if, time permits consult written documents or sources before proceeding. Memory often plays a trick on us; relying on a quick scan of it when making an important decision can be risky.

2. Don’t take situations at face value, or question all anchors

In many decision-making situations, the stage is set long before we come to the scene. The seller sets the asking price for a house or car, the number of meetings for a committee has been determined by its chairman and so on. While you can’t always change such givens, you should at least recognize them for what they are and question whether they make sense. If you don’t raise such questions, you will probably accept these “anchors” implicitly and then offer only minor adjustments to them.

by Unsplash

3. Remain flexible, or don’t fall in love with your own decision.

Making decisions is effortful, so once a decision is made we tend to heave a sigh of relief and to stick with it through thick and thin. Then, before we know it, we may have too much invested to quit. In other words, we may be trapped in a situation where we ought to change our initial decisions and cut our losses but where instead we continue down the path to ruin or at least to adverse outcomes. Don’t let this happen! It’s always difficult to admit a mistake, but doing so id often far better than sticking to a losing course of action.

4. Consider all options

When you make a decision, you must choose among the available options. But what, precisely, are your options?  Start by gathering as much information as you can, then use it to generate as many potential options as possible. Doing so can often suggest choices as courses of action that you did not think of at first.

two women discussing ideas
by Unsplash

5. Analyze it’s good and bad

When you make a decision on particular thoughts or idea, try to analyze it all black and white before implementing on it because sometimes we have many options and opportunity, then what we require. Excess of anything can provoke an adverse effect on the task or idea. So, by judging your decision on basis of its kind and evil will make you realize its optimity and effectiveness on the goal and will help you to come out with the most useful decision.

6. Controlling what you can handle

At some point in the situation, a leader had to bear the responsibility of multiple tasks. So, it is essential to understand that, to take an effective decision one must control only those thing which is under their control. Making an unnecessary effort and practices can lead to wastage of time and energy and will lead to a delay in the decision-making process. The more you will focus on the activities which are under your control, quicker you’ll be able to take instant decisions.

business partners
by Unsplash

7. Have a clear direction

For an unbiased and wise decision, you must keep in mind the strategy and motto of your goal. Without analyzing the purpose and goal of your decision you will forget the direction of your thoughts and you will not be able to follow the path thoroughly. Think of how you are measuring your success and accordingly aim to have as specific goal as possible.

10 thoughts on “Making Better Decisions, to sail in right direction”

  1. fantastic post, very informative. I wonder why the other specialists of this sector don’t notice this. You must continue your writing. I’m confident, you’ve a great readers’ base already!

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