Decision-making is the study of choosing and identifying alternatives based on your preferences/values as the decision-maker. Making a decision implies that there are alternative choices to be considered, including what best fits your desires, goals, values, and lifestyle.
The major problems people face in making a decision include delay, inability to narrow down options, and fear of failure. However, with the tips discussed below, leaders would be able to create a proper mindset for making faster decisions.
- Draw a line between good and bad choices: I’m afraid I have to disagree with people who say everything exists in the grey area in the 21st Century. I still believe life gives us both good and bad choices, and we need to decide what’s good for us. While making decisions, leaders must draw a line between right and wrong, good and bad, and then determine the next steps.
- Limit your options: Too many choices can be detrimental to our well-being. Having an unlimited number of options is exhausting and paralyzing. We set unworkable expectations and criticize ourselves for picking what we believe to be the wrong decision. So, work on limiting your options by seeing what is workable and what is not. It will limit the potential outcomes and risk of disaster that may result from making the wrong choice.
- Listen to your gut feeling: Gut instinct, or foreknowledge, is your paramount understanding of something; there’s no obligation to think it over or get another judgment—you just know. Your instinct arises as a feeling within your body that only you encounter it. Listening to your intuition and gut feeling helps you avoid toxic situations and relationships. If you want to make a critical decision, let’s say saying YES! to your partner’s marriage proposal, then you should not ignore a gut feeling. It can help shape your decision correctly and save you from potential regrets in the future. You can get this feeling inside by paying attention to what’s going on around you.
- Think of time as money: Time is a precious resource; therefore, it’s more beneficial to do things as soon as possible. Sometimes decisions cause delay. However, you must not spend way too much time taking a single decision because time, as a resource, is exceptionally valuable, and wasting it is a leadership crime. Remember, we require time to make decisions and earn money, but the money earned cannot buy the time which you lose.
- Indecision kills: Make mistakes because mistakes are great. Mistakes are beautiful! Don’t live in uncertainty and move on from deciding on some time. It is better to do something and fail rather than do nothing and live in doubt. Indecision kills. Mistakes present you with experience. Remember that.
Leaders can decide faster by listening to their gut feelings and remembering that indecision and uncertainty are a strict NO. Leaders can decide efficiently when they remember that drawing a line between good and bad is important and time is money, and it shouldn’t be wasted.
Now You Know