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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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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.
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.
Decisions can be classified as:
- Irreversible and inconsequential
- Irreversible and consequential
- Reversible and inconsequential
- Reversible and consequential
The decisions we spend the most time on are rarely the most important ones.
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.
MORE LIKE THIS
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 or 10 months from now, but these types of decisions usually don’t benefit us in the long-term. What...
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There are three great advantages to involving your support team – or indeed any team – in decision making:
- It gives team members a greater sense of ownership, which contributes to feeling motivated and like their work matters.
- It offers fresh busi...
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The metaphor is as follows: Imagine a financial committee meeting to discuss a three-point agenda.
- A proposal for a £10 million nuclear power plant
- A proposal for a £350 bike shed
- A proposal for a £21 annual coffee budget
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