Learn more about moneyandinvestments with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
Deciding how to make good choices
Leaders should choose a decision-making model before moving into problem-solving.
Good choices at defining moments on important matters make all the difference for people, organizations, and societies. Every time you are in front of a defining and complex problem, you have a pivotal choice to make in how to find solutions and execute decisions.
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Applying the Many-to-Many decision-making model
- Frame the challenge or problem as a question. "What must we do now to become number one in commercial lending?"
- Carefully consider all the people who can meaningfully answer the question and involve many who will need to execute them.
- Don't tell people what to exp...
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"Two roads diverged in a yellow wood, and sorry I could not travel both…I took the one less traveled by, and that has made all the difference."
ROBERT FROST
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Two decision-making models for tough challenges
- The hub-and-spoke decision-making model. It's likely you don't have enough experience, brainpower, or time to succeed. The way forward is using a small group of elite talent, traditional experts, or a consulting team and having them set the course. This model uses interview...
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CURATED FROM
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"If you want to build a ship, don’t drum up the men to gather wood, divide the work and give orders. Instead, teach them to yearn for the vast and endless sea." - The little Prince
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A good decision-maker doesn't dwell on small choices
While it’s worth taking time to settle larger decisions, don’t expend too much time and energy on the small stuff.
And don’t stress about the quality of your decision-making on these small choices either. Although the term decision fatigue — i.e., the more...
Flexible
- Flexible leaders are, as the name suggests, more versatile than other types of leaders
- Comfortable with uncertainty, open-minded in adapting to circumstances,
- And willing to involve a variety of people in the decision makin...
To make better decisions:
- Make your decisions in the morning;
- Eat first: Keep your physical desires taken care of before big decisions.
- Cut down your choices, right down to a tiny shortlist and you’ll have an easier time.
- Open the windows: Keeping the CO2 levels low...
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