Making Smart Choices: 8 Keys to Making Effective Decisions - Deepstash
Making Smart Choices: 8 Keys to Making Effective Decisions

Making Smart Choices: 8 Keys to Making Effective Decisions

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Work on the right decision

The way you frame your decision at the outset can make all the difference. 

State your decision problems carefully, acknowledge their complexity and avoid unwarranted assumptions and option-limiting prejudices.

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Specify your objectives

A decision is a means to an endAsk yourself what you most want to accomplish and which of your interests, values, concerns, fears, and aspirations are most relevant to achieving your goal.

Decisions with multiple objectives cannot be resolved by focusing on any one objective.

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Create imaginative alternatives

Create imaginative alternatives

Your decision can be no better than your best alternative.

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Understand the consequences

Assessing frankly the consequences of each alternative will help you to identify those that best meet your objectives—all your objectives.

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Grapple with your tradeoffs

Because objectives frequently conflict with one another, you’ll need to strike a balance. Some of this must sometimes be sacrifices in favor of some of that.

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Clarify your uncertainties

Clarify your uncertainties

What could happen in the future and how likely is it that it will?

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Your risk tolerance

When decisions involve uncertainties, the desired consequence may not be the one that actually results. A much-deliberated bone marrow transplant may or may not halt cancer.

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Consider linked decisions

What you decide today could influence your choices tomorrow, and your goals for tomorrow should influence your choices today. Thus many important decisions are linked over time.

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CURATED BY

waylon_x

In our dreams we only see faces that we already know.

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