No man has ever injured his eyesight by looking on the bright side of things ~ Unknown
Like it or loath it, decision making is part of a business owner or manager’s responsibilities and should not be taken lightly. You need to seek counsel and carefully consider the impact of your decisions on others.
Avoid making snap decisions
Decisions made on the spur-of-the-moment are often emotional by nature and mostly carry a far-reaching and negative impact. Ensure that all your decisions are derived from sound information.
Focus on important decisions
Don’t spend too much valuable time on small matters. If you have a big decision to make, however, follow the eight-step procedure for problem-solving. Important decisions must receive your full attention.
Seek the advice of other people
When in doubt, consult with people whose judgement you trust, who are well-informed or who will be affected by your decision. Never be afraid to ask people what they think.
Resist making decisions under stress
Don’t make a decision when you are angry, upset or under great pressure; deal with your emotion first and then make a rational decision.
Rely on the information you have gathered
Make sure you have all the facts at your disposal; this is imperative. Base your decision on the information available to you at the time.
Use existing policy guidelines wherever possible
If your organisation has set policies and practices in place, then decision-making, on many occasions can be straight-forward and immediate.
Avoid crisis decision-making
When you are faced with a crisis, take a step back from the problem and consider the situation and investigate your options. You could find that it is not as critical as you thought and that you may not have to make an immediate decision. Utilise all the time available to you to ensure that you make the best decision.
Be prepared to take risks
There is always a risk involved in every decision. No one is blessed with infinite wisdom. However, make sure that you do not take unnecessary risks. Remember, it is people’s livelihood you are playing with.
Make your decision, then go on to something else
Don’t dwell on decisions made. You will lose your capacity to give your full and undivided attention to the more pressing and important needs in your role as a manager or business owner.
Learn from your mistakes
If your decision is shown later to be incorrect, ask yourself where you went wrong and seek advice from others if necessary. Think back through the eight-step problem-solving steps. Did you neglect any or not consider one thoroughly enough?