Monday, February 4, 2019

What Are The Things That You Need To Keep In Mind For Good Decision Making?

By Wanda Rosner


There are a lot of decisions that either you choose to or have to make on a daily basis. There are certain things where you need instant decisions or automatic decisions. It is very often found that the decisions that we thus make, there are a lot of thinking process involved in getting onto such decisions and get onto a result or conclusion.

Earlier when people thought about automation it somehow felt impossible to have such a thing. However, in the modern day business industry, having automated business solutions has become the most important thing that you have to implement in your business. It not only makes things easier but saves a lot of time and money as well.

Past decisions and experience, the past decisions made in the past have a major influence in the decisions and choices that every business make in the future. Every time the business is able to profit from a decision or something good happens, the decision maker is more likely to keep taking decision in the same direction to benefit from its past experience. Likewise, the decision maker tends to move forward and avoid repeating its mistakes.

However, it is not viable that every future decision thus taken based on past experience is going to be the right decision. The people that are able to benefit from the final decision do not decide to make investments based on past bad outcomes, instead make choices without looking at the past experience.

You must make sure that you never deliver in a wrong place or misplace the delivery or miss a lead from an appointment or a call. It is very important that you make sure your business runs as efficiently as possible and you are aware of everything that is going around your business, simply by clicking a button. Considering the benefits of BPA, it has become very popular among the businesses and they are making sure they implement the technology and strategy to their business as well.

The intuitive system is always on and it needs a lot of effort to get rid of its influence. When you come across individuals that consider themselves analytical thinkers, they are found to be better at analytical tasks. Moreover, it doesn't mean that the intuitive system is ignored completely to make better decisions. However, the best decision makers are the ones that have the ability to switch between both systems actively and get better results depending on the situation.

Lastly, we have the escalation of commitment and sunk outcomes that are unrecoverable costs. This type of decision maker makes their decision on illogical growth of commitment. For example, you may find people that spend too much time, money and effort into decisions that they feel they are committed to. Such people are often found to take risky decisions, every time they feel accountable for sunk costs and time. This type of decision making factor found in people is determined by how deep in the hole it is.

It is found that people who are not able to get rid of their emotions, they are unable to make even the simplest decisions, the feelings and emotions have a major impact in our decisions. You may often find team leaders expecting team members to make rational decisions are likely to have unrealistic expectations. Moreover, it is not very easy to remove emotions and make decisions.




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