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The Essentials Of Decision Making By: Jonathan Farrington Decision-making is something that happens throughout our day but with different degrees of importance, urgency and consequential outcomes. The important points are: ? Understand the real objectives ? Know the situation ? Be in control ? Carry out analysis using appropriate tools ? Present findings logically ? Select an option ? Do it! The Benefits of Effective Decision-Making By following a robust procedure and applying thought and logic to your decision-making process you should be able to make decisions that are: ? Inclusive ? take into account the interests of all affected parties ? Defensible ? based on the key points and then weighted and prioritised taking into account the relevant values ? Optimal ? in both terms of results and in addressing problems ? Sensible ? and understandable to interested parties ? Implementable ? differentiate between rational and non-rational as well as rationalised ? Value-adding ? to the organisation or individual Success comes from the quality of the decision itself as well as the robustness of implementation or application. Tips ? Once you have finished your deliberations, make the decision quickly ? circumstances may change or you may lose momentum. ? Don?t sacrifice long-term gain for short-term expediency. ? Understand the differences between important and urgent ? the latter requires a rapid decision, but important decisions may require more protracted analysis. An urgent and important decision needs the right level of analysis to enable the optimal decision to be made. ? Remember, people generally support decisions in which they have participated. ? Do not postpone important but non-urgent decisions ? set your own deadlines and do not let them be imposed on you. ? If a decision is no longer appropriate, change it ? but in a measured manner, not with a knee-jerk reaction. ? If you need help, get it. Copyright ? 2006 Jonathan Farrington. All rights reserved
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