Making Good Decisions
Gut Instincts
when more refined analytics are available, your instincts can often provide a very valuable gut check against the reason ability or bias of other inputs.
when more refined analytics are available, your instincts can often provide a very valuable gut check against the reason ability or bias of other inputs.
Assess the Risk/Reward Ratio
What are all the possible rewards, and when contrasted with all the potential risks are the odds in your favor, or are they stacked against you?
Assess Whether it is the Right Thing To Do
Standing behind decisions that everyone supports doesn’t particularly require a lot of chutzpah. On the other hand, standing behind what one believes is the right decision in the face of tremendous controversy is the stuff great leaders are made of.
Create a constructive environment
Make sure to surround yourself around the people who will influence you to make the right decisions. Listen to other people and their opinions. make sure to go with what you want and not with what other people want.
Generate Good Alternatives
Before you make your decision go over the alternatives of your decision. Go over the pros and cons of your decision and list the alternative of you making that certain decision.