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Decision Making Styles
Identifying Decision Making Styles
People have individual styles of taking decisions. Whether your
style is logical or creative, your method should also be
rational and straightforward. Good decisions makers do not allow
personality to control the decision process or its outcome.
Using Hunch and Logic
One side of the brain is believed to be the location of emotion,
imagination, intuition, and creativity; the other side is logic,
language, math and analysis. Though people tend to have a
dominant side it does not mean that decision makers fall into
two different categories: the intuitive decision-maker deciding
creatively and spontaneously, versus the logic decision maker
working rationally on fact-based judgment. Whichever side your
natural decision-making style leans towards, always aim to
achieve a balance between both sets of faculties.
Note
Always try to balance an intuitive hunch with sound logical
analysis Assess your decision-making ability, and strive to
improve them
Assessing The Thinking Process
Rational Thinking Intuitive Thinking Using knowledge, skills,
and experience Applying logic to reach conclusion Analyzing
issues to understand whole picture Coming to conclusion by hunch
Being led by emotions and sensitivity Using imagination to
create new ideas
Points To Remember
The process of decision making depends on having access to
accurate, detailed information Systematic methods of reaching
decisions can assist creativity All objections should be taken
seriously when making decision. Taking a well-understood,
acceptable risk is preferable to taking unknown chances It is
better to think systematically than to jump to conclusions.
Taking Risks
Risk-taking is not just for the intuitive - any decision with an
uncertain outcome involves some elements of risk, and even
people who are totally logical in their thinking take risk. Much
of the difference between the two methods of reaching a decision
lies in the mental approach: intuitive thinkers back an option
that they are convinced is a certainty, although it may seem to
others as a long shot, while logical thinkers calculate all the
odds and only then make their decision to go for the best
option. Either way, seek to minimize the degree of risk
involved.
Being Systematic
Whatever your decision-making style, there are advantages in
being systematic. Systematic methods of reaching a decision
ensure that all the correct issues are addressed: necessary
information is gathered, all alternatives are properly
considered and compared, difficulties are identified and
feasibility assessed, and consequences are taken fully into
account. A systematic approach enables you to prepare a logical
and effective plan of action so that your decision process can
be explained clearly to any colleagues or clients who are
affected.
Note
Avoid making decisions that have a large element of chance in
them
Reviewing Precedents
People often repeat what has previously worked well. This can
lead to very good performance, since repetition improves
effectiveness. At some point, however, needs may change, and a
previously correct decision becomes wrong or less appropriate.
The antidote is to approach your decision like first time
choice. What would a new comer decide? If, after putting
yourself in this position, it feels wrong to follow precedent,
it is probably time to innovate.
Manik Thapar http://www.careerpath.cc
About the author:
Manik Thapar (MBA) http://www.careerpath.cc
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| Category
creativity in business and profits |
Author
David Gabbitas |
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