While there are many kinds of complex decision-making models available, here are four simple things that everyone can do to improve their decision making skills.
1. Remove the emotion.
While this seems to be obvious, the truth is that many people make snap decisions driven purely by their emotions. Despite the fact that psychological research suggests that the quality of decisionsis inversely proportionate to the level of emotion. The higher the emotional level, the more questionable the quality of the decision.
For example, removing emotion from the equation is the primary rationale to preplanning funeral arrangements for loved ones. Separating the grief and sadness that's naturally associated with the passing of a family member and the numerous, and often expensive, decisions regarding internment and memorial options makes sense.
This is a transferable skill that has direct application to business decisions.
2. Seek trusted advice.
Teams make better decisions than individuals. I have personally avoided professional and financial disasters on several occasions by simply asking individuals I respect and trust for their advice regarding critical matters.
This might be the single most powerful decision-making tactic available to leaders.
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