How to make good decisions?
Making the best possible choices Imagine that your company has been expanding rapidly over the past 12 months. Sales are up 50 percent, but costs and overheads have also increased, sp your operating profit has fallen. Decisions need to be made fast. But first youre going to consider your options…
We make decisions every single day. As we explore in this article youll see that some decisions are simple, others are more complex.
Working through this process systematically will reduce the likelihood of overlooking important factors. Our 7 step approach takes this into account: 1. Create a constructive environment. 2. Investigate the situation in detail. 3. Generate good alternatives. 4. Explore your options 5. Select the best solution. 6. Evaluate your plan 7. Communicate your decision, and take action.
Never make permanent decisions on temporary feelings. Wiz Khlalifa
Thank you for your attention!