Strategizing Success: Crafting Your Decision-Making Blueprint for 2024

December 28, 2023

Decision-making is not simply the process of making a choice. However, effective decision-making, particularly in business, is a process that is often complex and should not be taken lightly if you want to determine the best options for you in your current situation.

Decision-Making Techniques

Recognition-Primed Model

Recognition-primed model which merges rational and intuitive methods. This model will choose only one possible solution and does not consider alternative ones. You simply identify the problem, come up with a solution using visualization then put your plan into action.

Creative Decision Model

The creative decision model is very similar to the recognition-primed model. However, this model encourages you to start by gathering information on the issue and then come up with a solution without considering the pros and cons. Here, decisions are made intuitively that will bring you to a tested course of action.

Vroom-Yetton Model

The Vroom-Yetton decision-making model ses yes-or-no questions and is one of the most complex models used when making a decision.

Let’s examine a detailed process for making a decision. All of these may not be how you would work out a solution to a problem, but they all offer a good way to start.

  1. Ascertain the Decision You Have to Make

Ask yourself and identify what the issue is. What is its magnitude, its urgency? What are all its elements? Consider how others will be affected by your decision before carefully analyzing it. It is a key step in the process and far from a trivial one.

This may be challenging. Why? It’s challenging because if you ask yourself the wrong question, your response may result in making the wrong or even a harmful decision. This is also a good time to ask yourself whether you have what it takes to make the right choices.

  1. Consider the Timeframe

In business, some issues require an urgent resolution while others may not. You will need to shape your decision-making process to accommodate the urgency of the matter you are trying to resolve, and how quickly you can conclude this part of the process.

  1. Research and Detect Any Alternatives

If you have a team, enlist their help to do the research. Gather all the information you can by using the best resources available. Play the devil’s advocate to analyze various scenarios.

If you are an entrepreneur working on your own, consider that this will involve doing some external and internal work. Internal work will be done through self-assessment. While external work is done online, in books, or from others who have had to make similar decisions. Alternatively, you can discuss this with a mentor or professional in your field or use other sources.

In either case, you might consider conducting a survey or interviews for better insight on how to resolve the matter.

  1. Are There Any Alternatives?

You will encounter a variety of paths of action you can take. Use your imagination to envision what the result of your decision-making might be. As you go through this step, outline each alternative separately.

  1. Consider the Evidence Before You

Imagine what it would be like if you followed through on each of your options. List those opportunities in order of potential for success using your value system. Describe each step that will take you to fruition.

As you do this, ask yourself: Will the needs identified in step one be satisfactory as you analyze each alternative? You will find that you feel more comfortable with certain options or opportunities as opposed to others that will bring you to the enactment of your decision.

  1. Choose Which Alternative Works Best For You

Once you examined all options, choose the one that will best enable you to reach your decision. Don’t be surprised if whatever choice you make is at the top of your list of alternatives.

  1. Move!

It is now time to take some positive action toward your goal of making a decision. Begin to implement the steps you’ve outlined in the alternative you’ve chosen.

  1. Do Not Skip Follow-Up

Review your decision and its consequences. You must communicate with those affected by your decision-making on an ongoing basis. Evaluate all feedback obtained and make improvements where necessary.

The eight steps described above are a combination of the three techniques described at the start of this post.

Everyone has different styles of operating their business and resolving issues. Additionally, these steps can be taken in your personal life as well. Decision-making is not just for entrepreneurs and business owners who must make decisions. Life has its challenges. That’s a given. Therefore, decision-making is part of daily life.

Don’t be afraid to brainstorm ideas in your process. Don’t be afraid to ask others in your realm what their thoughts are. You’ll be surprised how someone who has had to make a similar decision in the past will offer a way of resolving your issue that you haven’t thought of.

Special Note

Put pen to paper. The benefit of doing so is difficult to ignore. Studies have shown that writing things down long hand will force you to focus and is linked to learning. A study conducted in 2021 by the University of Tokyo shows that writing things down on a physical piece of paper can lead to more brain activity and improve memory because your brain receives a different kind of feedback vs. the feedback it receives from just reading your research on a digital device.

Digital tools are thought to increase efficiency, researchers have found that using old-fashioned pen and paper to write down your thoughts helps you think clearer because you’re less distracted.

So, when working out a problem and trying to come to a decision on how to handle said problem, consider writing down all the answers to your questions, your research notes, and alternative solutions long hand, on paper.

 

 

Don't Miss

The Open Road Beckons: RV Essentials for the Mid-Age Adventurer

Embrace the freedom of the open road with RV travel—an

Golden Viewing: Top TV Shows Tailored for the Mature Audience

In a world where television is often dominated by youth-centric