Decision-making in times of crisis - MSM Romania - Deepstash
Decision-making in times of crisis - MSM Romania

Decision-making in times of crisis - MSM Romania

msmromania.org

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How to make better decisions - diagnose problems

Diagnose problems to get at their root causes. Focus on the what is before deciding what to do about it.

A good diagnosis typically takes between fifteen minutes and an hour, depending on how well it’s done and how complex the issue is. You should speak to people and look at the evidence together to determine the root causes.

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How to make better decisions - consider more alternatives

Studies have shown that a large number of decisions made by top management teams and found that in 70% of cases, the number of alternative solutions they considered is… 1. That's not considering. You need more alternatives to be able to make a good decision.

Instead of looking at alternatives as one versus another, in a mutually exclusive or mindset, look at one and the other in various combinations.

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A false sense of choice - yes or no

The false sense of choice arises from counting a yes-or-no discussion as a decision.

A study showed analysing business decisions of a German tech company showed when the board had a shortlist of at least two alternative solutions, the final choice was more successful than in cases when they just debated whether or not to go with one option.

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CURATED BY

radu_atanasiu

I teach Thinking and Deciding in Business for multiple schools in Romania and abroad. On top of that, I am an angel investor, a trainer and I run marathons, often dressed as Mickey Mouse.

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