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A Checklist for Making Faster, Better Decisions

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https://hbr.org/2016/03/a-checklist-for-making-faster-better-decisions#

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A Checklist for Making Faster, Better Decisions
Managers make about three billion decisions each year, and almost all of them can be made better. The stakes for doing so are real: decisions are the most powerful tool managers have for getting things done. Setting goals (another tool) is aspirational, but making decisions actually drives action.

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A checklist for faster, better decisions

  • Write down 3 existing company goals impacted by the decision;
  • Write down at least 3 realistic alternatives;
  • Write down the most important information you...

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SIMILAR ARTICLES & IDEAS:

"Good" Decisions

  • Logical decisions tend to trump emotional ones, since emotions can sometimes make us biased or see things in an inaccurate light.
  • Thought-out decisions tend to trump ...

Step away from the problem

Distancing yourself from a problem can help you face it in a more objective way. 

Instead of remaining in your own frame of mind, consider yourself as an outside observer, such as a friend giving advice or a fly on the wall. Removing yourself in this way helps you filter out some of your cognitive biases and lean you toward a more rational decision.

Give yourself some time

Accuracy and reliability in decision making tends to increase if you first give yourself some time to decompress and collect yourself.

This may also help you remove yourself from the problem, knocking out two of these strategies at a time.

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Our emotions are short-term biased

Our emotions are obsessed with the present moment because it’s difficult to look past our immediate fears and anxieties. And this prevents good decision-making.

The sweet spot in de...

“Risky” behavior you should consider

  • Propose “moonshot” ideas, knowing that 90% of them will get shot down, but that if one of them gets accepted, it will be a huge boost to your career.
  • Be excessively bold in your dating life, stating exactly who and what you want.
  • Buy difficult books expecting that most of them won’t be useful to you, but also that, occasionally, one will completely change your life.
  • Say yes to every invitation knowing that most of the events/people will be boring, but that occasionally you’ll meet someone really interesting.

Optimizing life for fewer regrets

Most of us are afraid of messing thing up. But we rarely ask, “Would I regret that failure?” If the answer is “no,” then that is absolutely a risk you should pursue.

Sometimes, the right decision becomes crystal clear when put into these terms.

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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 ...

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.

Create imaginative alternatives

Your decision can be no better than your best alternative.

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