FADY G. BADER – THE HERO WITHIN – EPISODE 10
Conquering Glory – Decision Making
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Decision making is an on-going process in every business; large or small. Having critical thinking skills allows one to ascertain the problem and come up with a solution that is beneficial to the company and its employees. Managers have to make decisions every day, and the process used in making a decision is important to their bottom line. Decision making does not allow for second guessing. A manager must make the determination based on the facts presented, and proceed with a quick and professional judgment.
Show Objectives - The Why
Decision making processes can help us as they encourage us to take a step back from our situation and assess it more objectively. This will not eliminate bias but it will help. Decision making processes also seek to identify the stages needed to make a decision so we can follow through on a choice in a logical manner.
Key Issues - Owner Perspective
There are several important factors that influence decision making. Significant factors include past experiences, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance.
What You Need to Know - The What
Decision making is a key skill in the workplace, and is particularly important if you want to be an effective leader. Whether you're deciding which person to hire, which supplier to use, or which strategy to pursue, the ability to make a good decision with available information is vital. It would be easy if there were one formula you could use in any situation, but there isn't. Each decision presents its own challenges.
What You Need to Do - The How
Making good decisions is a key skill for personal and professional success. Making sound, logical decisions in your professional life can positively impact you, your colleagues and your organization. Applying effective strategies and techniques can help you improve your decision-making skills. A good decision-maker chooses actions that give the best outcome for themselves and others. They enter into the decision-making process with an open mind and do not let their own biases sway them. They make decisions rationally, after researching alternatives and understanding the consequences.
Previous: Episode 9: Combining enormity with Creativity!
Next: Episode 11 - The next big thing in SQ
FADY G. BADER
Career Development, Success & Engagement Specialist
Founder and Editor in Chief – www.beiruttribune.com
Founder of Epic Minds – Consultancy and Capacity Building
TV Host – Mariam TV – Lebanon
Independent Researcher – Medieval Crusading History and Chivalric Orders
Toastmaster – Lebanese Chapter
Master Life Coach - Speaker and Trainer
John Maxwell Certified Team Member
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