Specify your objectives - Deepstash
Making Better Decisions

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Making Better Decisions

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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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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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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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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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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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Clarify your uncertainties

Clarify your uncertainties

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

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Create imaginative alternatives

Create imaginative alternatives

Your decision can be no better than your best alternative.

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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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CURATED FROM

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waylon_x

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

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SMART goal-setting framework

SMART goal-setting framework

Set goals that are:

  • Specific: It will be easier to see what you need to accomplish.
  • Measurable: How will you know when you’ve achieved your goal?
  • Attainable: Or realistic. Is it possible to achieve the goal you’ve set for yourself?
  • Releva...

How To Approach Risky Decisions

  1. Stop And ask why: Weigh the risk-reward ratio before taking action.
  2. Seek advice from someone neutral: Seek a mentor who can give unbiased advice on your plan of action.
  3. Winning is not enough: Achieving an end goal feels sh...

2. Prioritize your objectives (cont.)

2. Prioritize your objectives (cont.)

Prioritize your objectives by asking important questions such as:

  1. Which of these initiatives will have the greatest impact when it comes to achieving our company mission/vision and improving our position in the market?
  2. What types of impact are ...

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