• Do well in the modern world: master the core skills you need for success

Decision Making

Making decisions, we make our future

"I found every single successful person I've ever spoken to had a turning point. The turning point was when they made a clear, specific unequivocal decision that they were going to achieve success,” said Brian Tracey, a business coach, speaker, entrepreneur and bestselling author. “Some people make that decision at 15 and some people make it at 50, and most people never make it at all."

We make decisions all the time – in the morning we choose what to wear and what to have for breakfast; after high school we decide what profession to choose; at work we decide what software to use or whom to hire, and so on.

Naturally, we make many trivial decisions without paying attention to them. However, when we deal with serious issues, we usually face some difficulties: a lack of information or, on the contrary, too much information; emotional attachments or their absence, etc.

“To be, or not to be” - that is not the right question to ask

Decision-making is the cognitive process of choosing one possible course of action among several alternative options. We do this with the help of reasoning, intuition or, at best, combination of the two.

Finding the balance between these elements can be obtained by using various tools and approaches for successful decision-making, which usually involve many other skills like creative thinking, problem-solving, analyzing, and so on.

Unfortunately, there is no a unique way of making the right decisions and avoiding poor ones, but there is an opportunity to acquire and improve decision-making skills so you can develop your own systematic approach to making any decision with confidence.

However, we do have an opinion about almost everything, and usually when we make a poor decision it is not because we do not have right tools; it is because we tend to jump to conclusions using the information that is already at hand and don't pay proper attention to the facts that are hidden.

Expand your boundaries

To become a good decision-maker, you should learn to avoid your biased opinions and consider alternative viewpoints, search for arguments that contradict your initial beliefs, and accept the presence of uncertainty.

Unfortunately, awareness of imperfection in our thinking process doesn’t lead to its elimination. We don’t become full just realizing that we are hungry, do we? That is why we have to be able not only to identify our shortcomings but also use the appropriate tool or strategy to overcome the difficulties we face.

We always have to choose, but narrow rules make us ignore other possible options. We try to analyze the options we have, but our prejudice lets us gather only that information which confirms our opinion. We may finally make a decision, but our emotions often lead us the wrong way. We then accept our decision and consider it to be a good one, but our enormous self-confidence doesn’t take into account all the surprises that our future has for us.

Thus decision-making skills can help tune the process of making right decisions. By acquiring them, you will learn:

  • to broaden the spectrum of choice by avoiding the “yes or no” approach;
  • to gather objective information, by testing your beliefs so as to exceed the limit of your own thoughts;
  • to distance yourself from your emotions and look at a problem from an outsider's viewpoint;
  • to be ready for a mistake by modeling possible scenarios; etc.

As soon as you break out from the narrow bounds of your thinking, you’ll be able to start making effective decisions.

WHY BECOME A DECISION-MAKER?

Good decision makers are not supposed to do everything by themselves; they create a constructive environment and assemble a team of people who they can rely on and get their support.

They always make sure that they have the whole picture of the situation, considering all the interrelated factors; they generate alternatives; they explore the options by evaluating the risks of chosen alternatives and prioritizing them with the help of various analysis (e.g. risks analysis, impact analysis, cost-benefit analysis, etc.). They are able to choose the best solution; evaluate the plan; are not afraid to consult someone who can make recommendations; and they are not afraid to reconsider their well-considered decision, recognizing that it’s easier to do so than to fix the consequences.

Today, employers expect workers to have effective decision making skills, as these skills are crucial for successfully accomplishing any tasks or projects. Such workers become valuable when they realize that work is not a burden that has to be carried, but an exciting adventure that leads to a desired point of destination.

Nowadays, everything changes so fast, and that is why we have to be able to make decisions much faster. We also need to make sure that we are making high quality decisions, as our future depends on what decision we are going to make right now.

Y Skills Institute can help you to become a good decision maker and get your ticket to success in both your professional and your personal life.

"Stay committed to your decisions, but stay flexible in your approach," said Tony Robbins, businessman, author, and philanthropist.

So, don’t waste your time on making poor decisions; it’s time to build a toolkit of vital approaches, which will make your decision-making process more effective than it has ever been before.