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3 Decision-Making Mistakes You Should Avoid

3 decision-making mistakes that you must avoid

  1. Impulsivity. Thorough decisions combine all three senses – seeing, hearing and feeling. Impulsive decisions always lack one of these elements.
  2. Allowing yourself to be persuaded against your better judgment.  The selfish judgment of others should not interfere with your decisions. 
  3. Analysis paralysis. Inner conflict usually means a 'no'. Put off your decision for a while. Make an assessment of the risks involved and decide what size of risk you are willing to take.

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IDEA EXTRACTED FROM:

3 Decision-Making Mistakes You Should Avoid

3 Decision-Making Mistakes You Should Avoid

https://addicted2success.com/life/3-decision-making-mistakes-you-should-avoid/

addicted2success.com

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Key Idea

3 decision-making mistakes that you must avoid

  1. Impulsivity. Thorough decisions combine all three senses – seeing, hearing and feeling. Impulsive decisions always lack one of these elements.
  2. Allowing yourself to be persuaded against your better judgment.  The selfish judgment of others should not interfere with your decisions. 
  3. Analysis paralysis. Inner conflict usually means a 'no'. Put off your decision for a while. Make an assessment of the risks involved and decide what size of risk you are willing to take.

SIMILAR ARTICLES & IDEAS:

The ABCDs of categorizing decisions

The ABCDs of categorizing decisions
  • Big-bet decisions: infrequent and high-risk - from major acquisitions to game-changing capital investments;
  • Cross-cutting decisions: frequent and high-risk - think pricin...

Approaching big bet decisions

  • Appoint an executive sponsor to work with a project lead to frame important decisions for senior leaders to weigh in on;
  • Break things down (with decision meetings at each stage), and connect them up.
  • Focuses on debating the solution (instead of endlessly elaborating the problem) and gather the right people.
  • Move faster without losing commitment: get comfortable living with imperfect data and being clear about what “good enough” looks like.

Approaching cross-cutting decisions

  • Identify decisions that involve a cross-cutting group of leaders, and work with the stakeholders of each to agree on what the main steps in the process entail.
  • Work through a set of real-life scenarios to pressure-test the system in collaboration with the people who will be running the process.
  • Limit the number of decision-making bodies, and clarify for each its mandate, standing membership, roles etc.
  • Create shared objectives, metrics, and collaboration targets.

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Work on the right decision

The way you frame your decision at the outset can make all the difference. 

State your decision problems carefully, acknowledge their complexity and avoid unwarranted assumptions ...

Specify your objectives

A decision is a means to an endAsk yourself what you most want to accomplish and which of your interests, values, concerns, fears, and aspirations are most relevant to achieving your goal.

Decisions with multiple objectives cannot be resolved by focusing on any one objective.

Create imaginative alternatives

Your decision can be no better than your best alternative.

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Our emotions are short-term biased

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 s...

“Risky” behavior for long-term results

  • Propose “moonshot” ideas, knowing that 90% of them will get shot down, but that if one of them gets accepted it will be a huge boost to your career.
  • Be excessively bold in your dating life, stating exactly who and what you want.
  • Buy a bunch of difficult books expecting that most of them won’t be useful or comprehensible to you, but also that, occasionally, one will completely change your life.
  • Say yes to every invitation knowing that most of the events/people will be kind of dull and you’ll just go home early, but that occasionally you’ll meet someone really important or interesting.

Optimizing life for fewer regrets

Most of us are afraid of messing thing up But we rarely ask, “Would I regret that failure?” If the answer is “no,” then that is absolutely a risk you should pursue. Sometimes, the right decision becomes crystal clear when put into these terms.

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