A guide for Better Decision Making
So, there are good decisions and there are bad decisions, but, There’s no sure-shot way to find out if a certain decision is good or bad until time passes by and you look back and see how things played out due to that one decision.
While some of us are quick with our decisions, others like to take time and think things through, wanting to analyse more and more details to make a rational decision, and although this analysis costs more brainpower and sometimes additional stress, but nothing haunts us more than regrets and bad decision.
I like my coffee hot and my decisions right, and I have compiled this quick list of things that I take into consideration when I come across complex decision-making scenarios, So Here:
- Know ‘what’s at stake?’ How important is that decision for you and how does it affect your life? Are you prepared for the worst case scenario? What are the consequences if you end up making the wrong move? Find answers to all these questions — Do your research properly so that you are equipped with more knowledge and facts to make a good decision. A lot of people share their experiences on YouTube, that might be insightful sometimes.
- Figure out how much time do you have to make a sound decision. Sometimes procrastinating a decision has adverse effect on the outcome.
- Talk to your parents or trusted friends or a colleague at work and know what’s there take at the problem at hand. Maybe they might have had gone through something similar and have some valuable insights for you.
Also, Sometimes an outsider opinion to the problem can ease things for you, and give you a whole new perspective towards solving the problem and arriving at a decision quickly.
- Time plays an important factor in Decision making — Think about it.
Sometimes making a decision quickly and putting your action plan to work gives you an added advantage and sometimes ‘wait and watch’ is a better option.
Mastering this ‘Time’ factor in your decision-making process is crucial.
So don’t procrastinate when it comes to decision making and find your window to make a decision and stick to it.
- Sometimes you need to validate if your decision outcome would align with your moral values. I mean sure it helps the business earn profit but if it doesn’t go with your brand, your core values then it’s not very wise to still opt for it. Right?
- Decision by elimination: List all your possible options, and your criteria to make a valid decision, now logically strike out the less likely outcomes one by one — filtering based on pre-defined criteria until you are left with the one that has survived it all. 😃
- Keeping the time frame in mind, one thing you need to avoid is getting sunk into the black hole of Paralysis by Analysis. Don’t get too stuck in the process that you end up quitting altogether and not taking any decision after all.
- Lastly, Listen to what your gut says, although impulsive decisions are not usually recommended by most wise men however you have all the rights to decide your right or wrong, so if you strongly feel about something and it doesn’t hurt anyone, sometimes it’s okay to listen to your heart and take a leap of faith against all the logic, all the rationale to fulfil your dreams. — For your dreams gentlemen and the larger than life fights. 🍻
and once you have made your decision, it is imperative, that you take the very next step to bring that decision to life.
A real decision is measured by the fact that, You have taken a new Action.
If there’s no Action, You haven’t truely decided. — Tony Robbins
By the way, while we are at it, I would like to share a few quotes that make so much sense when it comes to ‘Decision-Making’ :
“Decision making and problem-solving are not the same. To solve a problem, one needs to find a solution. To make a decision, one needs to make a choice.”
― Michael J. Marx, Ethics & Risk Management for Christian Coaches
“On an important decision one rarely has 100% of the information needed for a good decision no matter how much one spends or how long one waits. And, if one waits too long, he has a different problem and has to start all over. This is the terrible dilemma of the hesitant decision maker.”
― Robert K. Greenleaf, The Servant as Leader
“It is often said that a wrong decision taken at the right time is better than a right decision taken at the wrong time.”
― Pearl Zhu, Decision Master: The Art and Science of Decision Making
“To be careless in making decisions is to naively believe that a single decision impacts nothing more than that single decision, for a single decision can spawn a thousand others that were entirely unnecessary or it can bring peace to a thousand places we never knew existed.”
― Craig D. Lounsbrough, Flecks of Gold on a Path of Stone: Simple Truths for Life’s Complex Journey
“Whenever you see a successful business, someone once made a courageous decision.”
― Peter F. Drucker
I hope this helps you in some way or the other. This post is kinda subjective and I am looking forward to your opinions on this. Also if you were to share your one advice to make better decisions, what would it be? Share with me in the comments below.