Fast Company. Marks, S. Emotions vs. Decision-making in Business. Meszaros, G. Success Harbor. Nutt, P. Wolf, T. Category: Leadership. Tags: Decision Making.
Marty Jacknis, president of Opportunity Maximizers, Inc. Marty has helped Fortune companies as well as start-up firms maximize their sales a…. Your email address will not be published. Take advantage of peer advisory group advice, 1-to-1 executive coaching, industry networks, exclusive events and more. Your contact and business information will be used to fulfill this request and to share other Vistage services.
See Vistage's Privacy Policy for details. Leadership 4 steps to making informed decisions Opportunity Maximizers. May 9, Uninformed vs. Acquire, organize and disseminate appropriate and accurate information Filter, prioritize, analyze and synthesize data or information to support or refute a decision.
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Employee satisfaction and engagement hinge on how easily and effectively employees can contribute see 3 and whether the organization operates in such a way that commitment is created see 6. Since how you make decisions directly affects both of those, it will also affect employee satisfaction and engagement.
When you don't trust that the people around you are making smart decisions, it is natural to want to be involved so you can try to help prevent disaster or at least will see it coming and avoid a nasty surprise. This is human nature. At the same time, everyone has too much to do. By creating clarity of purpose, process, and roles, people learn to trust the system and let go. Once that happens, they can get back to their top priorities and amp up their ability to focus.
One of the biggest problems with delegation is that delegating almost anything includes delegating decisions. Well if you treat decisions as one muddled step, your only choices are to do things yourself or throw the task over the wall and hope for the best.
However, if all parties have shared process clarity about the steps of making decisions, it is a cinch to delegate a task and arrange for check-ins at appropriate steps. I'm working with a Fortune company right now that gets totally stuck on simple decisions.
Because they haven't figured out what decision they are making and are trying to make several at once. This, by the way, is Step 1. I've observed numerous executive teams who think they are focused but are really working on five decisions and two plans simultaneously.
And they wonder why they keep going in circles. Meanwhile, this global monster I mentioned has several employees doing their best to collect information and make suggestions and generally drive an agenda without knowing what that agenda is.
Give me another week and I'll have them straightened out. In the meantime, the executive in this case is probably wondering why these employees haven't taken ownership and made things happen. Add clarity of purpose, process, and roles to this situation and these employees would know what decision they are making, which steps they own, and how to proceed. Clarity of purpose, process, and roles are essential to unleashing ownership. Since decisions are so common, messy decision processes create plenty of room for errors and misunderstandings.
I already mentioned better decisions, so let's talk about misunderstandings and the many mistakes the originate in misunderstandings. Messy decision processes rarely have crystal clear endings, especially because messy processes often lead to re-decision the next day.
The messier a process, the easier it is for someone to walk out of the room with the wrong message. Introverts are notorious for waiting for the right moment to interject their comments. I know because I am one. Since talking isn't an introvert's default behavior, they only talk when they have a purpose and something to say. And if their purpose doesn't match the conversation, they don't talk. So they wait for the right time. And in a wandering conversation, the right time never comes.
This is where you make a guess based on all the information you have gathered. Conditions determine the outcome of an informed decision. It may work out as expected or you may be faced with unexpected challenges, like changed market conditions. Making an informed decision requires hard work and patience. Have faith in your abilities and trust your judgment. Rather than worrying about the outcome, try to focus on perfecting each step in the process. Decision-making is a critical skill in the workplace, particularly in situations where you are short on time and a lot is at stake.
Developing a habit of evaluating your options and acknowledging risks will help you make sound decisions. Discover more from Harappa with a selection of trending blogs on the latest topics in online learning and career transformation.
Informed Decision Meaning And Definition The meaning of informed decision making is assessing risks and collecting relevant information before you take a step. How To Make An Informed Decision A well-informed decision requires patience, objective thinking, accounting for unpredictability, and preparing for failures. Here are some key steps to help streamline the decision-making process: 1.
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