In a day, how many decisions do you make? According to a fast Google search, you make 35,000 decisions per day. If you take a break and sleep at least seven hours per night, that works out to nearly one decision every two seconds.
Do you think that number is correct? While some websites say that the average human makes 35,000 decisions per day, none of them can point to a scientific study that supports this assertion.
Let's imagine you make a lot of decisions every day, whether it's 35,000 or 3,000. The majority of the decisions can be made independently; for example, deciding what to wear or what to eat for breakfast may not require assistance. When making major business decisions, however, it is a good idea to get feedback from trusted associates so that you can reach a collective consensus on what is best for your firm.
Making a decision on how you will approach decision-making is also crucial. In this article, we'll go through decision-making approaches and tools that can assist you with your decision-making.
Consensus approach
Group members exchange ideas, make plans, and agree on a conclusion in the best interests of the entire group or a common purpose using this approach of decision-making. The organization is dedicated to identifying solutions that everyone can support or at the very least agree on. Working for a consensual accord guarantees that all points of view, ideas, and concerns are considered. The group comes up with proposals that work for everyone by listening to each other.
No final decision should be made against the wishes of an individual or a minority while using the consensus decision-making process. Significant reservations can stymie plans and prevent them from being implemented. Rather than dismissing minority ideas, the entire group should work together to identify solutions that address any concerns. To record any potential solutions you and your group come up with, you might wish to use a mind map or decision tree, or attempt dialogue mapping.
Vroom-Yetton decision-making model
The Vroom-Yetton decision model, created by Victor Vroom and Phillip Yetton in 1973, can assist you in determining the appropriate decision-making strategy and leadership style for your particular circumstance.
It makes more sense for a leader to make decisions in some instances. Other times, it's preferable for the group to have a say before a choice is made. This decision-making process allows you to choose a leadership style by answering a series of yes or no questions.
Matrix of Kepner-Tregoe
The Kepner-Tregoe Matrix is a structured decision-making system for acquiring, prioritizing, and analyzing information that was developed in the 1960s by Charles H. Kepner and Benjamin B. Tregoe. This technique of decision-making prioritizes rational thought above creative thought.
Risk assessment and prioritization are crucial aspects of this style of commercial decision-making. The goal isn't to find the ideal solution. Instead, the matrix assists you in determining the optimal option among multiple options for achieving a certain goal. It is defined as a method for limiting conscious and unconscious biases in order to make objective judgements.
When using the Kepner-Tregoe decision matrix, there are four main procedures to follow:
Evaluate the scenario. This step clarifies the situation, identifies concerns, and determines a course of action.
Examine the issue. Define the issue and figure out what's causing it.
Analyze your choice. Choose from a variety of options and weigh the risks associated with each.
Examine potential issues. Anticipate future potential issues and make recommendations to reduce risks.
I think the common approach when making a decision is the consensus one. Its like brainstorming with a grouo. The only downside that I can see form that is when they won't agree all on someones decision