BUSINESS

The Art of Decision Making

Decision making is essential for someone’s future as it can lead to failure or success. If you don’t make a decision, circumstances will decide for you. It’s often not in your best interest, but the primary concern comes down to this one quote as many leaders, including Nick Gamache, follow

You can’t make decisions based on fear and the possibility of what might happen.

Decision making is significant for your future. Your decision should be according to your interest so you might excel in that particular field.

The Art of Decision Making

You will notice many leaders changing the world because of making a sound judgment at various points in their journey. It would help if you had enough confidence in making the right decision at the right time. Nelson Mandela like individuals follows this great quote,

Leadership and learning are indispensable to each other

Low confidence in one’s own decision and frequent re-review is deleterious since it may create an unstable yet turbulent environment. Steps included in making decisions are as follow:

  1. Identify the decision according to the situation
  2. Collect data
  3. Look at the options
  4. Choose the best one from alternatives
  5. Stand by your decision

·      Game Theory

When you are doing something, you don’t think too hard about the math behind the decisions. But there is a whole field of science and math called game theory. It was pioneered in the 1950s by mathematician John Nash.

·      Decisions at a Minimum

Decision fatigue is a psychological phenomenon. It refers to the deteriorating quality of decisions made by an individual after a long decision-making session. So, keep your decisions at a minimum and make the best out of them.

·      Be Confident

Confidence is perceived by many as an essential attribute to leadership. Most people start hesitating when it’s time to take action because anxiety or fear is an anticipation of future pain.

A stitch in time saves nine, so the right decision taken confidently at the right time saves you in the future.

·      Encourage Dissenting Voices

When talking about decision-making power, the most significant thing is freedom of speech. You should encourage dissenting voices and allow ideas and views to be challenged without retaliation.

People should be at freedom to speak about their opinions to make the best decisions in their interest.

·      Stand By Your Decision

High power decision-making individuals are optimistic. They stand by their decision through every thick and thin. This helps them plan for a long-term result compared to low-power individuals who are more attracted to immediate gains.

Conclusion

First, make a small decision wisely, then your brain knows the difference when a big decision comes. If you can’t do the little thing right, you will never make the big things right.

The decision should be made vigilantly, as great leaders like Nick Gamache Ottawa follow. Sometimes decision making leads to redefining the issue or challenge. So it should be made according to circumstances.

sudarsan

Sudarsan Chakraborty is a professional writer. He contributes to many high-quality blogs. He loves to write on various topics.