The decisions can range from the very mundane and simple operational decision such as what corporate colour to match your namecards, which supplier do you use to complex and strategic decision for which candidate to hire for the marketing position or
which strategy to pursue.
The ability to make a good decision with the available information is a vital one. It would be easy if there is an ultimate decision-making formula you could use in any situation,
but the sad truth is there isn’t any. Each decision presents with itself its own unique set of challenges, and different individuals will have their own peculiar ways of processing
information, evaluate situations and make decisions.
If there isn’t any formula to good decision-making, what about avoiding making a bad decision? Or can we leave this to chance? Of course not! We need a systematic approach to decision-making so that no matter what type of decision we have to make, we can have the confidence that we are using an effective process to ensure the
decisions we make ends up with consistently, higher quality results. In this way, we can improve the quality of our decisions!
There are six steps to making an effective decision: