For the next five Fridays you will learn a new Top Business Skill needed to gain the personal and professional success you seek.
The #5 Top Business Skill is Decision-Making.
Below you get key steps for a thorough decision-making process.
Decision-Making Process
1. Make a list of all possible solutions.Conjure a menu of possible options and desired outcomes.
2. Set a deadline.
Do not belabor a decison forever. Fix an ending date and organize the decision-making process around that specificed time.
3. Name the person(s) responsible for the decision.
Who is best equipped to make the final decision?
4. Gather the facts.
Research possible solutions. Get the facts from all available sources.
5. Establish a criteria that reflects a set of values.
What is the most important outcome? Why? What values are more significant than others?
6. Weigh pros and cons of a certain decision.
Do the positive aspects of a decision outweight any negative consequences?
7. Weigh the risks of a certain decision versus outcomes.
Does the decision contain inherent risks? Are the risks tolerable?
Does the decision contain inherent risks? Are the risks tolerable?
8. Make the decision.
Narrow your choices down to two or three options. The final act is to make the best decision possible.
Narrow your choices down to two or three options. The final act is to make the best decision possible.
Conclusion
Decision-making is a valued business skill for both candidates seeking employment and current professionals looking for a promotion.
Great preparation for making tough calls on matters is experience.
However, theoretical study of the decision-making process and drawing conclusions from past cases can help you be ready for independently making decisions.
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