Effective and efficient decision-making is at the core of success for leaders, entrepreneurs, and influencers.
The decision-making process may be complex and affected by many different factors like personality, values, and societal expectations.
Therefore, apart from learning how to follow the 7 steps of decision making, employers and employees should learn how to take responsibility of managing their decision-making process
Asking for the input and opinions of other people before making a decision allows the decision-maker to adopt a collective reasoning and democratic approach, which will benefit them when working in a team. Being open to hearing everyone’s point of view is very important when moving forward. Nevertheless, the decision-maker should manage the risk of becoming dependent on others to make decisions for them. For this reason, they should try taking the lead every once in a while and being confident in their choices. This will help them feel more comfortable when they move up the ladder.
When it comes to important decisions, it is crucial that the employer or employee follows a data-driven approach, which means finding out as much information as possible. An effective decision-maker should take some time to organise and consider all the factors involved, which in turn will make it a lot easier for them to predict the outcome of a choice. The key here is to focus on the big picture and worry a little less about the minutiae, in order to make a decision based on the most important facts.
Sometimes time is precious and an employer or employee is called to make a decision under time pressure, following a ‘gut reaction’ approach. The best way to handle such situations is to go with the decision that feels right. Following one’s intuition shows that they have confidence in themselves. However, if a decision has a negative outcome, the person should know how to slow down for the big questions and find something to back up their initial thoughts, whether from colleagues or research.
Before making a choice, an employer or employee should methodically go through the pros and cons by using a listing approach. In this way, they estimate the advantages of every possible outcome, while they sort out the priorities of a decision. However, this can be a time-consuming pursuit, and decision-makers should bear in mind that pros and cons are also inherently subjective to the creator. For this reason, asking other people and weighing their opinions gives a new perspective and leads to a more democratic decision.