Quote by Peter Drucker - Deepstash
How To Become a Better Decision-Maker

Learn more about personaldevelopment with this collection

Understanding the importance of decision-making

Identifying biases that affect decision-making

Analyzing the potential outcomes of a decision

How To Become a Better Decision-Maker

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Peter Drucker

“You can’t manage what you can’t measure.”

PETER DRUCKER

760

5.87K reads

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Compare Yourself Only To Yourself

Social comparison bias explains that our judgments are often influenced by comparisons to other people. A benchmark makes it easier to make a judgment, but it will not necessarily be a reasonable or more accurate judgment.

Don’t measure yourself by what you’ve accomplished, but rather by wh...

717

2.7K reads

Measure Outcomes, Not Proxies

It’s easy to measure proxies for success. Secondary metrics don’t always translate to business results and care must be taken so they don’t become a proxy for actually knowing and fulfilling your customers’ needs.

Do what helps you achieve success and measure success in terms of the outcome...

527

2.2K reads

Discover Your Values

Being able to achieve a success metric is hard, but knowing which metric to achieve is even more important. Discover what you value and choose your own metrics for success, otherwise, your environment will dictate it for you, which could be unfulfilling for you.

Work towards your own idea o...

662

3.2K reads

Measure Results Over The Long-Term

Success usually takes many failures to achieve. So don’t use immediate tangible results to define success. Consider what you’ve learned and how it will help you succeed in the future.

Don’t define yourself solely by your current circumstances. Consider who you are becoming.

641

2.51K reads

Learn And Iterate

Dynamic inconsistency is a situation where the best plan for the future is not optimal when that future period arrives. We and our environments change and so must our concept of success.

Change how you measure success as you change as a person, else you risk wasting your efforts and even fa...

562

2.32K reads

John Wooden

“True success is attained only through the satisfaction of knowing you did everything within the limits of your ability to become the very best that you are capable of being.”

JOHN WOODEN

893

3.76K reads

Peter Drucker
“There is nothing quite so useless as doing with great efficiency, something that should not be done at all.”

PETER DRUCKER

652

3.73K reads

Measure What’s Hard To Measure

It’s easy to measure financial success. You can see a number in your bank account and compare it to others’ bank accounts.

But many important things for a satisfying life, like mental and physical health, relationships, freedom, and fulfillment are harder to measure. Nevertheless, you shoul...

621

2.65K reads

CURATED FROM

CURATED BY

julia_yl

Deep thinker. Like talking about the world, religion and politics.

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  1. Measure time with people who matter (instead of focusing on likes/comments to posts)
  2. Measure commitments honoured (over outcomes expected)
  3. Measure what all you have (over what all you don't have)
  4. Measure what you give (over what you take back)
  5. Measure experien...

Transparency Is A Key Ingredient

Transparency Is A Key Ingredient

To measure a system's performance, you need to have transparency over it. If you have mapped your value stream, there are lots of different tools to manage and track work across that stream within organisations.

Business and Decision making

  • Hire slow and fire fast
  • Invest in people and hire people that you want to work for
  • Ideas are cheap execution is valuable
  • Make data-based decisions
  • If you don’t measure it you can’t improve it.

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