The dynamics of the business world are often unpleasant. For this reason, all managers and entrepreneurs need to know how to make good decisions in a period of time, generally very short.
This makes the process difficult and stressful, especially when the decision involves other people and can have wide-scale repercussions.
Making good decisions requires a lot of planning and security, since our choices should always have a positive impact.
Taking this into account, we have brought you some suggestions that can help you in the process of how to make good decisions to make it clearer and easier. Notice!
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Why can making good decisions be so difficult?
Making good decisions is a conflict that we all go through in our lives and many of us in our work routine.
The choice between the options of ways to follow implies a conflictive process in which it is necessary to balance the positive and negative impacts. Often you have to choose between the rational and the emotional.
Every day we make various decisions, from what clothes to wear to some more significant ones such as what career to pursue at university, the purchase of a good or the start of a project at work, among others.
It is natural that more complex decisions tend to generate greater stress, since they have an impact on a larger scale.
Most people find it difficult to make good decisions because we usually have to choose between one option or the other. And it is this sense of loss, when we need to privilege only one side, that generates much of the difficulty.
All these problems are, in fact, related to the non-application of a method to help in the process of how to make good decisions.
What happens is that without being able to correctly and rationally compare the available options, people tend to get stuck and cannot choose.
How to make good decisions?
The process of making good decisions should be thought of, above all, rationally, using comparison and analysis steps that help us during the moment of choice. With this in mind, we have presented some actions that can help you make good decisions.
1. Identify the problem
The first step in the process of how to make good decisions is to identify the problem. In general, we must choose among the available options when there is a problem to solve, especially in the business world.
So knowing exactly what you’re dealing with is essential.
2. Understand your options
By identifying the problem, it is easier to analyze the options that can be followed.
Try to coldly verify which paths are available, taking into account mainly the values spread in your business and the repercussion of each possibility.
3. Gather information
Let’s see, for example, the expression “give blind spots”, which means making a decision without any basis. We use it when we choose a path without knowing what will happen, although no matter how uncertain the future is, we can always arm ourselves with as much information as possible, making the choice much safer and more correct.
4. Consider your alternatives
You already know the problem, you have already thought about the available options and you already have the information at hand. Now is the time to analyze the possibilities considering each of the options.
It is at this moment that we observe the unfolding of our decisions, verifying the obstacles and possible problems.
By knowing all the possibilities, we plan more precisely, and we can even create alternatives if our first choice was not the most favorable.
5. Know your skills
In both the personal and business worlds, it is essential to be honest when it comes to .
The choice of a particular path also depends on the skills we have to deal with the repercussions of that decision.
For companies, this can be translated as availability of resources, production capacity and customer service, etc.
A company that manufactures uniforms for football clubs may have to decide, for example, whether it will seek to establish a partnership with a large entity in the sector.
Thus, it will be necessary to weigh one’s own capacity to produce, meet demand and, consequently, be able to fail in entrepreneurship.
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6. Calculate your risks
Making decisions means taking risks, just as things can go right, they can also go wrong.
For this reason, it is very important to understand the consequences of decision making, for this you must balance the positive consequences that this decision can bring, and also the negative consequences in case the decision is not correct.
But that is not all, but you must calculate the probabilities that each of these consequences will occur, only in this way will you be calculating the risks and improving your probability of success.
7. Do not get carried away by impulses
Impulsivity is one of the biggest enemies of good decision making. As you may have already noticed, the process must be carried out calmly and attentively, gathering all the available information and making a careful analysis of the possibilities.
If we are impulsive, we are prioritizing our emotional side. Thus, you have to pay close attention, because, although something may result in a good choice in some cases, it will be less likely to work, since it will not have been a choice based on analysis techniques.
8. Set deadlines
Depending on the choice you have to make, you may be putting it off over and over again.
This makes us give in to the desire to choose impulsively when it is no longer possible for us. Therefore, always define a deadline for making good decisions, respecting it and planning accordingly.
9. Use your experience
Experience is an aspect that must be taken into account when making a good decision. We can use situations experienced in the past as examples of what should be done in the present.
As much as the decisions are not always the same, with experience it is possible to predict some aspect of what will happen from our choices.
10. Test
Whenever possible, feel free to test the results of your choices.
It’s also a great way to understand how the decision might influence your business or life in the future.
VIDEO | How to do an A/B test? 5 steps to apply this technique
11. Limit your options
When we think about the options available to us when making a decision, we can find a wide set of options, something that makes the task more difficult instead of helping us.
Therefore, analyze the possible paths well and try to limit your options as much as possible, eliminating those that can hardly bring you positive results.
12. Align the decision with the values
Finally, a very important point is to make good decisions in a way that is always aligned with the values practiced by your company or also by you in the personal sphere.
This means that you should often not consider some options, especially when they harm your principles.
13. Do not be carried away by social pressure
All decisions are influenced in one way or another, in most cases other factors indirectly influence how to make good decisions, and even if you consider yourself a determined person, there will always be a factor that helps you make your decisions.
However, there are cases in which the influence of the environment or society is so high that they can lead you to make wrong decisions. For this reason, you must contrast your point of view, the point of view of those factors and the point of view of a trusted person who has a different point of view than the previous two.
How to act rationally?
The process of how to make good decisions is complex and involves several aspects. It is essential to know how to analyze the possibilities and plan calmly and paying attention to the details.
After all, decisions can also impact the lives of other people, making our responsibility that much greater.
One way to make better business decisions is to use integration systems for process management. .
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