Category: Decision Making

Decision Making
Good decision making is a skill to be learned and mastered, especially for leaders who are managing a team. More importantly, individuals must also practice being good decision makers since it is not advisable to be too dependent on others for personal decisions. Decisions are very essential in being able to move on with a certain situation or carry out a particular action.

People make decisions on just about anything that has something to do with their life – political choices, personal choices, career decisions, financial decisions, medical decisions, and relationship decisions. Many theories have been coined to explain how people come up with decisions, its components, and what factors affect them to decide for the present and future actions. A decision made is rooted from several factors and it composes elements as well. The articles listed here would delve into what types, factors, tools and techniques could be utilized in choosing the best alternative in a given situation.

You have probably heard of the cliché “Go for the lesser evil”. You resort to this kind of decision when there are two choices left and neither of those is beneficial. Yet, you need to make up your mind and choose only one option in order for you to move on. That is how tough decisions can be at times. Some people cannot just choose one over the other easily that is why they run to, who they think are, experts in making a choice.

Decisions are crucial and are a part of everyday life. Whether it is in the personal or professional aspects, decisions have to be made every time. Decision making is a skill that needs to be enhanced. People can be indecisive and weak at making decisions on their own. They become dependent on others on what to do, where to go, what to choose, and other choices that ought to be done on their own. Good decision makers are able to manage their individual lives smoothly and systematically without leaving so much confusion on their activities.

Arriving at a decision is not randomly done. It follows a certain process for an organized and effective way of reaching a good outcome. This same process is followed regardless of whether the decision making is performed individually or through group effort. During the process, decision makers have to watch out on the possible mistakes or pitfalls that may affect the quality of the decision and may create a negative consequence after it is implemented.

Decisions may turn out to be good or bad depending on how well the person or group evaluated the alternatives and considered the most feasible choice for a situation. Careful decision making leads to good decisions while reckless decision making leads to bad decisions.

The following articles will guide you in developing the skill of effective decision making.

Common Decision Making Mistakes

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To some, decisions may be easy to reach while other people cannot easily make up their minds on certain things. Decision making is a skill that requires constant practice. Once you are faced with a situation, you are forced to decide what is best for you or for others. Some decisions have to be made instantly and quickly; other kinds of decisions are analyzed before getting rolled out. Yet, human as we are, we commit mistakes, and even with decision making, we encounter pitfalls. These slip-ups are inevitable especially when… Read More

Leadership Decision Making

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Leadership Decision Making Decision making is a very crucial thing that any individual performs in various situations. It is a matter of choosing one over another because the chosen alternative seems to be the most usable and practicable option. Everyone has probably made countless decisions in their lives, ranging from the simplest to the most complex situations. May it be in the personal or professional aspect of a person’s life, decisions are deemed important as these can sometimes advocate change in the way things normally take place. If you belong… Read More

Career Decision Making

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A very important aspect of an individual’s life is getting a career. After school, the next step to focus on is building a career by choosing a job in relation to the field of expertise or a work where competencies are useful. A well-established career is one that is carefully chosen and dutifully performed. Choosing a job that is in line with your profession can lead to a successful career. Career decision making is very critical in every individual for the fulfillment of that aspect in one’s life. It is… Read More

Financial Decision Making

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Probably one of the most difficult aspects of decision making is the financial concept. Financial management involves smart decision making. When you receive your monthly paycheck, there is the issue about how to spend the money or how to save it. Needless spending sometimes happens because there is poor decision making on one’s money. For example, when going to the supermarket for grocery, you might go beyond your budget because you spotted items that are not on your grocery list. The decision at that moment becomes instant and hasty without… Read More

Group Decision Making

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The functionality of a group in terms of performance has been known to be effective in various aspects such as conflict situations, problem solving, and decision making. The group takes into account the individual needs and ideas of the members, making it a collaborative approach in dealing with just about any kind of situation. When it comes to decisions, a group decision making style works best for many organizations where members are grouped into teams. Group decision making is bounded by the principle of synergy or the notion that problems… Read More

Individual Decision Making

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Good decision making is a skill to be learned and mastered, especially for leaders who are managing a team. More importantly, individuals must also practice being good decision makers since it is not advisable to be too dependent on others for personal decisions. The downside of being too dependent on others is that you might have a hard time standing on your own two feet when a situation would require you to make a choice without anyone’s help. A better way to deal with it is to consult friends or… Read More

Decision Making Models

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From time to time, individuals need to make decisions probably for themselves or for personal reasons; some decisions are meant for other people, some for business sake, and as a contribution towards something positive and beneficial. Because of the complexity of the concept of decision making, many scholars structured decision making models with a purpose of making the procedures easier and smoother when settling for a decision in various contexts. What is a Decision Making Model? A decision making model is a structured and systematic approach in taking decisions. It… Read More

Decision Making Tools and Techniques

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Oftentimes, people really have a difficult time deciding and choosing between or among options. Indecisiveness is not something innate. An indecisive person can master the art of good decision making. One way to make this happen is to apply a practical technique when making decisions. The various tools and techniques of decision making are very helpful in teaching people how to become quick and smart decision makers. There are so many of these decision making tools and one can choose any of these techniques which seems applicable and useful for… Read More

Factors and Components of Decision Making

Exforsys
Decisions are very essential in being able to move on with a certain situation or carry out a particular action. People make decisions on just about anything that has something to do with their life – political choices, personal choices, career decisions, financial decisions, medical decisions, and relationship decisions. Many theories have been coined to explain how people come up with decisions, its components, and what factors affect them to decide for the present and future actions. A decision made is rooted from several factors and it composes elements as… Read More

Decision Making Skills

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Choosing among options can be really challenging for some people, especially when the choices are tough and competitive. You may have noticed that some people are weak at decision making, and when an opportunity comes along, they cannot make up their minds easily. Indecisiveness makes one unreliable to other people. For example, if you belong to a team and the team leader will delegate someone to make the decisions or help out with the decisions for the group, your chance of being given the role will be high if you… Read More

Decision Making Process

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Everyday situations and events would pressure individuals to make up their minds in order to move on with whatever it is they have been mulling over. Whether important or not, decisions are made every single day and every time there is a need to. Hasty decisions usually do not generate positive and effective results, although there are times when quick decisions are needed to get things going. A well-thought of and planned decision usually creates desirable and favorable outcomes. Making a decision is not as easy people think it is.… Read More

Types of Decision Making

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Decision making is all about making up one’s mind on the most feasible choice from among the available options. It requires a mental exercise to intellectually settle on a certain choice depending on what the situation requires. Decisions are needed when there are two very close options, when problems arise and a solution is needed, when an opportunity comes along, and whenever the need to make a choice is required. Because every individual differs in terms of intellectual skills, the ability to make decisions also varies. Decision makers are categorized… Read More

Decision Making and Problem Solving

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Problems are part of daily life. These serve as challenges and tools in the various actions and situations that people experience. In an organizational setting, problems at work are inevitable. Work issues can be experienced by any employee, but the bulk of the problem-solving and decision-making falls in the hands of supervisors and managers. Deciding for a choice that would benefit everyone in the team is a crucial role of a manager. Yet, for individual problems, autonomous approach must be practiced. The steps involved in solving a problem and making… Read More

Intuition and Decision Making

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Intuition and Decision Making The need to make a decision is really not easy. In fact, many people find it their ultimate weakness in which case they are called as indecisive or fickle-minded. Individuals who cannot make up their minds effortlessly are considered poor decision makers. Usually, they are dependent on others for a decision. Yet, there are also people who make decisions based on instincts or gut feeling and in the category of decision makers, they are considered to be intuitive. A lot of individuals actually prefer their personal… Read More

Introduction to Decision Making

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Every day people are posed with options and choices to make. In the many actions and situations that individuals face each day, decisions have to be made. To some, decision making seems like a complicated and difficult thing to do. According to studies, a lot of people are poorer in coming up with decisions than they think. That is why leaders exist to take the role of decision makers for the group or team. Yet, a good knowledge of the concept of decision making, the skills needed, and some tools… Read More