Decision Making

If you find that you have trouble making decisions (too quick, too slow, or tend to second-guess yourself), you will find it to be of benefit to focus on getting to the reason behind it and then working on ways in which to do it differently.
If you are the kind of person who makes decisions rather quickly, and perhaps a bit impulsively, look for your next opportunity to make an important decision in order to try the following. First, buy yourself some time to really study the issue. Don’t make the final decision until just before you have to. You’re not procrastinating (which is what you’ll likely be thinking). Next, make sure that you permit yourself to really consider what your “gut” is telling you. Rather than simply making up a list of pros and cons, you should also think hard about the impact that your decision is likely to have on others, as well as on yourself. By exploring these kinds of decisions in a way that not only captures the rational side of it but also the emotional aspect, as well, you will find that your decision-making is going to be seen by you (and others) as being more effective.
If you are a somewhat private person who does not always find it easy to share much about what you really think or feel with others, you may find that others question how you make decisions. While you may not be intentionally holding back any information, you will find that most people want to understand your line of reasoning when making particularly important decisions. It may seem to be a waste of time to you, but it is important as a manager that you periodically discuss decisions you’ve made with the people who report to you. One way to do this more regularly is to make it a standing agenda item in any meetings you have with your people. Use that time to address recent decisions and ask those present if they have any questions about how and why a particular decision was made.
Some people have a tendency to make decisions based more on feelings than on logic. If you do so, it would be beneficial to consider collecting more facts and details before making important decisions. In particular, you should look at immediate, as well as long term, implications of the actions and decisions that you make. Creating a list of pluses and minuses with regard to whatever decisions need to be made would also be helpful.
Decision-making can be particularly difficult when the stakes are high or when you don’t have the experience to be sure of your direction. Being this way, you may have a tendency to second-guess yourself, and may sometimes over-analyze decisions that need to be made. To start developing yourself in this regard, you should consider reading Eyes Wide Open: How to Make Smart Decisions in a Confusing World by Noreena Hertz. Using Hertz’s book as a guide, look for several different techniques or tips that you can put into practice when making day-to-day business decisions.