Decision Making

In business people are very difficult to get the decisions appropriately. They are emotional in deciding the about business. Sentiments and personal bias led many to defer many decisions. Successful business executive try to focus their thinking on key issues, keeping personal biases and sentiments out of the scenario.

Know thyself:

Key to decisions is to know you. I remember in one of his movie Jhony Deep has a dialogue,” Person should remember two question in crisis: What he can do? And what he can’t do?” Similarly the executive should aware with his strength and weakness when he has to commit a decision.

Macro View:

Take the bigger picture of the problem/object. How the objective of decision is going to impact all under the hood. Impact analysis of decision is to be done:How and How much impact.

Postpone the reaction:

Executive must resist their immediate reaction to avoid the mistakes in analyzing the risk. The cool mind with knowledge sets provide you the best option to among various wrongs. But remember you have to make a difference between cool mind and slow mind.

Use Decision making techniques:

Use decision Trees to conclude a single solution along with all causes and effects of a particular decision. A person who uses these techniques feels less stressed and a lot more structured.

And the last but not the least is, Experience. There is no substitute to experience. Person's own experience and including his/her team's experience helps lot to final a decision in effective and efficient manner.