In both our professional and personal life, we are constantly challenged with making the right decision.
Here are a few tips that could help you make quicker and better business decisions.
Make decisions in the light of your values.
Each successful business has a set of values, that provides a framework for staff to make decisions. So, when making a decision, keep only those options on the table, that align with your company’s value sets. This narrows the options to those that can be considered. As an Entrepreneur/Business owner, in case, you have not yet defined the values for your organization, you might want to spend some time to flush them out.
“It’s not hard to make decisions once you know what your values are.”
– Roy Disney
Seek expert advice
An “expert” here being the right person, a person with knowledge and experience. Business Coach, Industry expert could be great options to explore.
Expert Advice may be sought in person if you have the right connections. If not, research would be the next best thing to fall back on.
Mind Mapping
Mind mapping is a visual technique to organize ideas and information. The product of mind mapping is called a mind map which is a diagram, representing a central topic branching out to subtopics that elaborate the central subject, in this case, a decision to be made. This tool is used to generate, visualize and structure ideas and aids decision making and problem-solving, by providing the user with a base to see the big picture. Mind maps can help you visualize and document all connected information to a decision, and will guide your analysis of the situation, with clear documentation of pros, cons, risks, resources and outcomes.
Ask “what if” a lot
If you have multiple paths to a solution it is good to question each to fully understand its consequences and risks. By doing so, we consider all possible future occurrences and arriving at options that best fit our requirement. Therefore, making better decisions.
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Ethique Advisory provides business coaching and consulting services with a focus on ‘Customer First’.