Difficult decisions

Difficult decisions

Difficult decisions are mostly about weighing the long and short term values. Making objective decisions is difficult because we are biased towards short-term rewards and pre-existing beliefs.

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Problem Solving

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Zero-based thinking opens up a world of possibilities that you might not otherwise consider. It helps you to think hard about your choices.

  • Applying ZBT to your budget: Carefully decide how you would like to spend or invest your money as if you are starting from scratch.
  • Applying ZBT to your schedule: What if you had no time commitments? How would you spend your time that you find enjoyable, exciting, and fulfilling?
Zero-based thinking

It gives us the rare opportunity to ask ourselves if there anything in our lives that we should do more of, less of, start or stop.

It is a decision thinking technique developed by Brian Tracy.

Ask yourself, knowing what you know now, is there anything you are doing today that you wouldn't do again if you were able to?  

Be willing to stop doing what no longer works. Sometimes it is best to cut your losses and try something else. Be prepared to take risks and understand the potential failure that goes with a new course of action.

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RELATED IDEAS

  • Write down 3 existing company goals impacted by the decision;
  • Write down at least 3 realistic alternatives;
  • Write down the most important information you are missing;
  • Write down the impact your decision will have 1 year in the future;
  • Involve a team of 2-6 stakeholders;
  • Write down what was decided, as well as why and how much the team supports the decision;
  • Schedule a decision follow-up in one to two months.

A Checklist for Making Faster, Better Decisions

hbr.org

Do some math

You make one decision, wait, make a second decision, and then make a compromise between the two.

Averaging the two judgments tends to outperform trying to identify the better of the two, because answers based on different pools of evidence often bracket with the truth, and because people are imperfect at guessing which answer is better

3 Research-Backed Techniques for Making Better Decisions

themuse.com

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 decision-making is to find the short-term failures that enable huge long-term successes to happen in the first place.

Principles for Making Better Life Decisions

markmanson.net

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