Decision Making Articles
We spend an inordinate amount of time, and a tremendous amount of energy, making choices between equally attractive options in everyday situations. The problem is, that while they may be equally attractive, they are also differently attractive, with tradeoffs that require compromise.
Company leaders who are drowned in day-to-day urgencies often don’t take the time to strategize, to rigorously evaluate and then initiate strategic changes. Such changes are made recklessly, or not at all. The former wastes precious resources and time, while the latter invites stagnation and decline. But it does not have to be this way.
Bombarded with the pressure to make decisions quickly and wisely, leaders often seek the counsel of trusted colleagues. Yet, the greatest resource for making sound decisionslies within us; our intuition.
Bringing on new senior leadership at the right time can be a huge boon for the company's growth, while hiring mistakes at the executive level can be devastating.
As you go through your business plan and begin to envision the various stages of development and resources necessary to scale, consider also how your leadership style will have to adapt.
Which is your style and how do you see it playing out in your daily decision-making? Are you surrounding yourself with enough of the other styles of decision-makers to make the best choices for yourself and your company?
Decision-making can be the single-greatest weight upon your shoulders if you don’t know how to manage stress or if the consequences are less than ideal. So, how do you know what a good decision looks like? Here are nine characteristics of a good decision.