Decision making can be easy or difficult. A few decisions are relatively simple; for example, deciding what to have for dinner. Some situations change your life; for example deciding to have kids. While making personal decisions impact a small crowd of people around us, being in a corporate situation, a decision can affect the entire organization. So how do you make good decisions?
There is no way of knowing if your decision making is right or wrong but it is better to follow these few tips that will help you incline towards good decision making.
1. Do your research
A simple way of doing this would be to actually write down a list of pros and cons of your decision. You may be blinded by your inclination to write more pros for your decision, which is the first mistake you will make. Get down to it and keep it real. It is better to admit to defeat to yourself than put a company at stake. Write down the available resources that you have and if it is possible for you to go ahead and implement your decision effectively. If the pros outweigh the cons, you know what to do. Be objective and do not let personal emotions get in the way. If you make it personal, your judgement will be clouded and that may lead to a bad decision. Think like a computer; break everything down into digits and get your answer.
2. Throw it open to the public
Once your personal decision making process is done, explain your decision to a public forum to see how it is received. Discussing your decision with others gives you a broader perspective on things and it will help point out things that you may have forgotten to consider. Listen to their ideas and discuss on whether it will be helpful or not. Getting feedback will clear your mind and if the public supports your decision, it will give you the reassurance you need to go forward with it. If you keep your decisions to yourself, you will be immersed in a sea of worry and you will have no one else for support if your decision backfires. The blame will fall on you and you only..
3. Think about how the decision affects everyone around you
Rather than make a decision for personal gain, think about how it would affect the people around you. Will your decision lead to job cuts or more employees? Will your decision leave your employees happy or disgruntled with you? Is your decision easy to execute and beneficial for everyone (including yourself)? These are a few major things you need to consider before you make your decision. Remember it’s more about others than only about yourself.
4. Have a backup plan
You may have done everything perfectly and yet your decision might backfire on you. Do not fret. Having a plan B helps you ‘undo’ a few impacts of your decision. While you formulate plan A, make sure you leave room for correction in plan B. If you don’t have a plan B, you will be made to just suffer with the consequences of your decision and by then it will be too late to implement a plan B. It may not be something that you planned but for things that happen beyond your control, it is always better to have a backup plan.
5. Be prepared for the consequences
A famous quote says, ‘Don’t let success go to your head and failure go to your heart.’ Nobody is perfect. If you have made a bad decision, have the courage to accept it and look at what’s next. If you have made a good decision, be humble about it and see the decision through. There is no point in being too hard on yourself if you have made a bad decision. The decision making was left to you and you did the best that you could. That doesn’t make you a bad person in any way. Learn to move on and look at what’s next than sit in the same place and mope about what had happened.