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The Decision Matrix: How to Prioritize What Matters

The Decision Matrix

This is a decision making version of the Eisenhower Matrix, which helps you distinguish between what’s important and what’s urgent, in a simple and easy to understand way.

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IDEA EXTRACTED FROM:

The Decision Matrix: How to Prioritize What Matters

The Decision Matrix: How to Prioritize What Matters

https://fs.blog/2018/09/decision-matrix/

fs.blog

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Key Ideas

Not all decisions are the same

The decisions we spend the most time on are rarely the most important ones.

The Decision Matrix

Decisions can be classified as:
  • Irreversible and inconsequential
  • Irreversible and consequential
  • Reversible and inconsequential
  • Reversible and consequential

Save Time by delegating

Delegated both types of inconsequential decisions to subordinates or the team helps save a lot of time.

Inconsequential decisions are the perfect training ground to develop judgment.

Tricky Decisions

Reversible and consequential decisions  trick you into thinking they are one big important decision.

In reality, reversible and consequential decisions are the perfect decisions to run experiments and gather information.

What to focus on

Consequential and irreversible decisions are the ones that you really need to focus on, and the extra time and energy saved can be utilized in this area.

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SIMILAR ARTICLES & IDEAS:

10/10/10 Rule

Before making a decision, considers how you’ll feel about this decision in 10 minutes, 10 months, and 10 years.

It’s easy to make short-term decisions that may be beneficial 10 minutes...

Pareto’s Law

In anything we do, there’s always ~20% of activities that will deliver 80% of our desired results.

It’s easy to be wrapped up in ‘busy’ work without ever getting anything done. Pareto’s Law is a useful mental model to be more effective, rather than just be efficient.

Parkinson’s Law

Work expands so as to fill the time available for its completion. So try placing artificial time limitations.

If we’re given three hours to complete a task that normally would take an hour, we’ll find a way to fill those three hours. However, when we’re down to the final thirty minutes, we’re suddenly feeling the pressure to get things done. 

Pretend You're Advising a Friend

Think outside yourself a little and pretend like you're offering advice. 

The reasoning here is really simple: your short-term emotions get in the way of decisions, and that clouds yo...

Limit The Information You Take In

We usually believe that the more information you have, the better decisions we can make. However, at some point, we cross a threshold where we have too much information. That's when we start to fill in gaps and add weight to information that doesn't matter. 

This makes decision making way more difficult.

Reverse Your Assumptions

You're so prone to continue making the same kind of choices throughout your life that challenging yourself and doing the exact opposite is often the best way to get around this problem. 

The idea here is to confront your default behavior, step outside your comfort zone, and use your imagination to test some completely new ideas.

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Denying you have a problem

Stop saying that you don't have enough time to complete your commitments.

Admit that you need to get better at managing your time and start searching and trying techniques that will help you ...

Not planning your day

It's important to have an idea of what your daily priorities are and tasks you need to complete, preferably the night before. 

Also, make sure you prepare in the evening the outfit you're going to wear and the meals for the following day. Doing this will save time in the morning, and reduce decision fatigue.

"Urgent" vs "Important"

Take all of your tasks and place them into four quadrants:

  • To do first: the most important responsibilities that need to be done today or tomorrow.
  • Schedule: important tasks that are not urgent.
  • Delegate: essential items that are not important.
  • Don't do: tasks that aren't important or urgent. 

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