In every management and business activity, decision-making is the foundation. It goes with the saying “Better management decision making and problem solving can greatly improve a business’ profits and goals.” However, the studies show that Entrepreneurs and Managers do not achieve more than half correct results in their decision making and problem solving.
Nowadays, we have a complex business scenario. Thus, decision-making becomes one of leadership’s greatest challenges. In fact, decision-making ability differentiates between a poor and a good leader. Many bad decisions are made simply because leaders move through the decision-making process too hastily, basing conclusions on emotions, bad information or impulses.
The big problem is that when decision making is too complex or the interests at stake are too important, quite often we do not know or are not sure what to decide. Good decision making invites lot of thinking and thinking is the ultimate human resource. The main challenge of thinking is confusion. We try to do too much at once. Logic, information, emotions, hope and creativity all crowd in on us. It is like juggling with too many balls
Coming up with good or even excellent decisions is not by accident. In fact, there are steps you can follow for you to be able to come up with the right decisions. Read this post for more details: http://smallbusiness.chron.com/steps-decisionmaking-process-manager-10601.html