What is decision-making?
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Every day all of us make decisions, there is no easy formula that will indicate if you are making decisions whether it be right or wrong. We are just human that doesn't always make things perfect. The best thing to do is to learn all possible ideas to choose one which is reasonable and balanced action. The most fearsome decisions you can do is an essential one, but there are some simple things you can do to lessen your worries about that kind of decision such as looking at the worst situation, compiling a spreadsheet, and following your mistakes.
There are three steps in decision-making:
Gather information. The creative thinking of people may not be aware, but their ideas, decisions, and solutions will usually appear when you are not overthinking about the problem. In other words, allow time for new ideas to emerge. That's the reason why people meditate.
It's important to ask and gather information and ideas before making any decision. You don't need to take a lot of time to this exercise because you can focus on breathing daily routine like cooking, brushing your teeth, and walking.
Interpret the facts. Now that you have the facts you need – it is time to interpret them so you can make your decision. In the case of the airline seat, the interpretation was straightforward – I couldn’t count on having a seat next to me empty – so I chose my seat accordingly. The pitfall with business decisions is that sometimes we let our decision making be clouded by doubt and fear. Don’t let those emotions in. Make your decision based on the facts as you see them.
The decisions. You’ve looked at the options – now it is time to stretch your imagination and see what choices you have. Now is the time to make a decision. If you’ve done steps 1 and 2 – you should know the right choice. Make it and start implementing it. Don’t second guess yourself.
There are some tips in decision making:
Nothing will be perfect. After you decide, proceed without remorse and forget the alternatives you did not choose.
Your options may be equally good after you think carefully. Make sure you choose the best one.
In other cases, you may not have enough information to make a good decision. The best thing to do is gathered more information.
After making the decision, important new information can lighten the situation.
Set a new deadline for a decision.
Trying too hard can make you ignore the obvious: avoid thinking too much.
Be careful not to get involved in decision making. Researchers say our willingness to leave as many doors open as possible will result in bad decisions.
Weigh the pros and cons.
At some other point, indecision becomes a decision not to make, which can be the worst choice of all
Treat all experiences as studies.
Decision-making warnings
Avoid excessive anxiety.
Keep away from those people who seem to want the best for you and treat you as if you do not know what to do.
Decision making is a fundamental factor in the business. Some decisions are obvious and can be made quickly, without investing much time and effort in the decision-making process. Others, however, require substantial consideration of the circumstances surrounding the decision, available alternatives, and potential outcomes. Fortunately, several methods can be used when making a difficult decision, depending on various environmental factors. Some decisions are best made by groups. Group decision-making processes also have multiple models to follow, depending on the situation. Even when specific models are followed, groups and individuals can often fall into potential decision-making pitfalls. If too little information is available, decisions might be made based on a feeling. On the other hand, if too much information is presented, people can suffer from analysis paralysis, in which no decision is reached because of the overwhelming number of alternatives.
"Make and be confident in your decisions..stop looking for people's approval for everything, live your life, and do what you want".
