Success Secrets:

Achievement Management

Effective Decision Making Process

The Art, Science, and Practice

By: Vadim Kotelnikov

Founder, Ten3 Business e-Coach – Your 360 Achievement Catalyst!

   

"If you are not confused, you are not well informed."

 

"When it is not necessary to make a decision, it is necessary not to make a decision." ~ Lord Falkland 

 

The Classic Approach to Decision Making

  1. Define the objective

  2. Collect relevant information

  3. Generate feasible options

  4. Make the decision

  5. Implement and evaluate

Confirm Your Values before Making Decisions

  1. Choose to be principle-based! How often do you allow fleeting circumstances to influence your choices?

  2. Choose to be deliberate! What mission are you pursuing right now?

  3. Choose to be dedicated! How does your mission benefit from your current task?

12 Effective Leadership Roles

  • Permit group decision; help your team reach better decisions... More

Fast Decision Making Fast Decision Making Techniques 80/20 Principle Guiding Principles Idea Evaluation By Weighted Criteria Idea Evaluation: 4x2 Perceptual Positions Vadim Kotelnikov Fast Decision Making Techniques, Fast Idea Evaluation

Four Psychological Types of Decision-Makers

  1. Intuitives – led by intuition; concentrate on the possibilities; avoid the details and tend to look at the bigger picture.

  2. Thinkers – are analytical, precise, and logical; process a lot of information, often ignoring the emotional or feeling aspects.

  3. Feelers – are interested in the feelings of others; dislike intellectual analysis and follow their own likes and dislikes; enjoy working with people and are capable of great loyalty.

  4. Sensors – see things as they are ; have great respect for facts; have an enormous capacity for detail and seldom make errors; are good at putting things in context.

 

Decision Making Situational Leadership Team Building and Teamwork Traditional Model of Management Leadership Employee Empowerment

Suggestions for Building Leadership Integrity

  • Tough decisions will always be a challenge to Integrity. At such times it takes courage to do the right things. Leadership with integrity acknowledges accountability and responsibility. Step up to the task, don’t waste time over analyzing. If you embrace integrity you will know what to do... More

Leadership Attributes

 

Decision as the Key to Transformation

In his classic work, "Think & Grow Rich", Napoleon Hill stated that 98% of people are in the jobs they have through indecision, i.e. because they never made the decision about what they wanted to do in their lives in the first place. Indecision explains why many people feel that they have a life purpose, but have no idea what it is.

 

Decision is the key to transformation. It is one of the key character traits distinguishing high performers from the vast ranks of the mediocre. Decision is, by definition, behind every truly great achievement anyone ever makes. Interestingly, the most successful people make decisions quickly and change them slowly. They persist with the decisions they have made. However, failures are very slow to make any decision at all (most never make any), and they change the ones they have made very rapidly indeed. Which description applies to you?2

The Wheel of Personal Success

Decision-Making Defined

Decision making is a process of first diverging to explore the possibilities and then converging on a solution(s).

The Latin root of the word decision means "to cut off from all alternatives". This is what you should do when you decide.

Apply 80/20 Principle

The 80/20 Principle tells you that you should choose an option that produces 80% of outputs from 20% of inputs, and gather 80% of the data and perform 80% of the relevant analyses in the first 20% of time available... More

Analyzing Proposals: Six Thinking Hats

The Six Thinking Hats proposal analysis tool invented by Edward de Bono4 is particularly useful for evaluating innovative and provocative ideas. While most of our thinking is adversarial, the six thinking hats technique overcomes these difficulties by forcing everyone to think in parallel. As participants wear each hat – white, red, yellow, black, green, or blue – they all must think a certain way at the same time... More

 Best Practices  Google: 10 Golden Rules

  • Strive to reach consensus. Modern corporate mythology has the unique decision maker as hero. We adhere to the view that the "many are smarter than the few," and solicit a broad base of views before reaching any decision. At Google, the role of the manager is that of an aggregator of viewpoints, not the dictator of decisions. Building a consensus sometimes takes longer, but always produces a more committed team and better decisions... More

Make Quick Decisions through Establishing Guiding Principles

 

Fast companies that have demonstrated the ability to sustain surge and velocity all have established sets of guiding principles to help them make quick decisions. Abandoning theoretical and politically correct 'values' and bureaucratic procedures in favor of a practical, down-to-earth list of guiding principles will help your company make the decision-making process much faster. Only one question will need to be asked of any proposed course of action: Does it fit our guiding principles?1

3 Strategies of Market Leaders

Recognize Impact of Your Beliefs and Values

Beliefs are the assumptions we make about ourselves, about others in the world and about how we expect things to be. "These assumptions determine the way we behave and shape our decision-making process. They are often based on emotions rather than facts. We tend to notice 'facts' that reinforce our beliefs."7... More

Understand Different Styles of Decision-Making

There are many models for understanding and characterizing the styles of interaction different people prefer to employ. According to the widely used Myers-Briggs Type Indicator (MBTI), people are divided into thinkers and feelers:

  • A Thinker tends to use reason and logic

  • A Feeler tends to use values and subjective judgment... More

 Case in Point  Lessons from Michael Dell

"In leadership, it's important to be intuitive, but not at the expense of facts," writes Michael Dell1, Founder of the Dell Computer Corporation.  "Without the right data to back it up, emotion-based decision making during difficult times will inevitably lead a company into a greater danger. There is a very easy way to test whether you're making decisions based on emotions. When you come across data that are strikingly different from what you previously thought, how long does it take for you to shift your thinking? Do you deny the data and say, "Well, I don't believe this?"

Smart Executive

Making Decisions in Discussion With Other People

How to solve problems and make decisions more effectively in discussions with other people. Your ability to communicate is the most important skill you can develop to get on to the fast track in your career. Perhaps the most important thing you do in business is to solve problems and make decisions, both by yourself and with other people... More

Your People Skills 360

 

 Discover much more in the

FULL VERSION of e-Coach

Decision Making Tips...

Determination and Positive Attitude...

Judge the Probabilities...

Determine What Can Go Wrong...

4Χ2 Role Model...

Use Fuzzy Logic in Innovation Projects...

 

 

 

 

 

 

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References:

  1. Direct from Dell, Michael Dell with Catherine Fredman

  2. "Your Power To Decide", Asoka Selvarajah

  3. Relentless Growth, Christopher Meyer

  4. Six Thinking Hats, Edward de Bono

  5. Roads To Success, Robert Heller

 

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