Decision Making Techniques: How To Make Good Decisions
Decision Making Techniques: How To Make Good Decisions
Decision Making Techniques: How To Make Good Decisions
The section starts with some simple techniques that help you to make decisions where
many factors are claiming your attention. It then moves on to explain more powerful
techniques, such as use of Decision Trees, 6 Thinking Hats and Cost/Benefit Analysis,
which are routinely used in commercial Decision Making.
Time Management
Beat Work Overload. Increase Your Effectiveness. Achieve Much
More.
This section of Mind Tools teaches you personal time management skills. These are the simple,
practical techniques that have helped the leading people in business, sport and public service
reach the pinnacles of their careers.
The skills we explain help you become highly effective, by showing you how to
identify and focus on the activities that give you the greatest returns. Investing in
these time management activities will actually save you time, helping you work
smarter, not harder. What's more, these same techniques help you beat work
overload a key source of stress.
You'll finish by learning about goal setting, a vitally important skill for deciding
what you want to achieve with your life.
Tip:
Mission Statements and Vision Statements usually refer to an organization or an
organizational unit. Team Charters can have a similar role when briefing teams.
First we look at creating mission statements. Then we create vision statements.
4. Refine the words until you have a concise and precise statement of your mission,
which expresses your ideas, measures and desired result.
Tip:
OK, so were a bit glib here talking about the winning idea this is a prime subject
of the discipline of business strategy, and it can take a lot of effort to find, shape and
test. See our articles on USP Analysis, SWOT Analysis and Core Competence Analysis
for starting points, and make sure you do the homework needed!
Example:
Take the example of a produce store whose winning idea is farm freshness. The owner
identifies two keys measures of her success: freshness and customer satisfaction. She
creates her mission statement which is the action goal that combines the winning idea
and measures of success.
The mission statement of Farm Fresh Produce is:
To become the number one produce store in Main Street by selling the highest quality,
freshest farm produce, from farm to customer in under 24 hours on 75% of our range and
with 98% customer satisfaction.
The four most important things she identifies are: freshness, healthiness, tastiness and
local-ness of the produce. Heres the Vision Statement she creates and shares with
employees, customers and farmers alike:
We help the families of Main Town live happier and healthier lives by providing the
freshest, tastiest and most nutritious local produce: From local farms to your table in
under 24 hours.
Do you feel stressed and overloaded? Or that your career seems stalled? If so, then you
may need to brush up your delegation skills!
If you work on your own, theres only a limited amount that you can do, however hard
you work. You can only work so many hours in a day. There are only so many tasks you
can complete in these hours. There are only so many people you can help by doing these
tasks. And, because the number of people you can help is limited, your success is limited.
However, if youre good at your job, people will want much more than this from you.
This can lead to a real sense of pressure and work overload: You cant do everything that
everyone wants, and this can leave you stressed, unhappy, and feeling that youre letting
people down.
On the positive side, however, youre being given a tremendous opportunity if you can
find a way around this limitation. If you can realize this opportunity, you can be
genuinely successful!
One of the most common ways of overcoming this limitation is to learn how to delegate
your work to other people. If you do this well, you can quickly build a strong and
successful team of people, well able to meet the demands that others place.
This is why delegation is such an important skill, and is one that you absolutely have to
learn!
While on the surface its easier to do it yourself than explain the strategy behind the
brochure to someone else, there are two key reasons that mean that its probably better to
delegate the task to someone else:
First, if you have the ability to spearhead a new campaign, the chances are that
your skills are better used further developing the strategy, and perhaps coming up
with other new ideas. By doing the work yourself, youre failing to make best use
of your time.
Second, by meaningfully involving other people in the project, you develop those
peoples skills and abilities. This means that next time a similar project comes
along, you can delegate the task with a high degree of confidence that it will be
done well, with much less involvement from you.
Delegation allows you to make the best use of your time and skills, and it helps other
people in the team grow and develop to reach their full potential in the organization.
When to Delegate
Delegation is a win-win when done appropriately, however that does not mean that you
can delegate just anything. To determine when delegation is most appropriate there are
five key questions you need to ask yourself:
Is there someone else who has (or can be given) the necessary information or
expertise to complete the task? Essentially is this a task that someone else can do,
or is it critical that you do it yourself?
Does the task provide an opportunity to grow and develop another persons skills?
Do you have enough time to delegate the job effectively? Time must be available
for adequate training, for questions and answers, for opportunities to check
progress, and for rework if that is necessary.
Is this a task that I should delegate? Tasks critical for long-term success (for
example, recruiting the right people for your team) genuinely do need your
attention.
If you can answer yes to at least some of the above questions, then it could well be
worth delegating this job.
That being said, having all these conditions present is no guarantee that the delegated task
will be completed successfully either. You also need to consider to whom you will
delegate the task and how you will do it.
When you first start to delegate to someone, you may notice that he or she takes longer
than you do to complete tasks. This is because you are an expert in the field and the
person you have delegated to is still learning. Be patient: if you have chosen the right
person to delegate to, and you are delegating correctly, you will find that he or she quickly
becomes competent and reliable.
8. Avoid upward delegation. If there is a problem, dont allow the person to shift
responsibility for the task back to you: ask for recommended solutions; and dont
simply provide an answer.
9. Build motivation and commitment. Discuss how success will impact financial
rewards, future opportunities, informal recognition, and other desirable
consequences. Provide recognition where deserved.
10. Establish and maintain control.
In thoroughly considering these key points prior to and during the delegation process you
will find that you delegate more successfully.
Keeping Control
Now, once you have worked through the above steps, make sure you brief your team
member appropriately. Take time to explain why they were chosen for the job, whats
expected from them during the project, the goals you have for the project, all timelines
and deadlines and the resources on which they can draw. And agree a schedule for
checking-in with progress updates.
Lastly, make sure that the team member knows that you want to know if any problems
occur, and that you are available for any questions or guidance needed as the work
progresses.
We all know that as managers, we shouldnt micro-manage. However, this doesnt mean
we must abdicate control altogether: In delegating effectively, we have to find the
sometimes-difficult balance between giving enough space for people to use their abilities
to best effect, while still monitoring and supporting closely enough to ensure that the job
is done correctly and effectively.
both recognize and reward the effort. As a leader, you should get in the practice of
complimenting members of your team every time you are impressed by what they have
done. This effort on your part will go a long way toward building team members selfconfidence and efficiency, both of which will be improved on the next delegated task;
hence, you both win.
Key Points:
At first sight, delegation can feel like more hassle than its worth, however by delegating
effectively, you can hugely expand the amount of work that you can deliver.
When you arrange the workload so that you are working on the tasks that have the
highest priority for you, and other people are working on meaningful and challenging
assignments, you have a recipe for success.
To delegate effectively, choose the right tasks to delegate, identify the right people to
delegate to, and delegate in the right way. Theres a lot to this, but youll achieve so much
more once youre delegating effectively
Stress Busters:
** Story Telling
**Memory Games
**Matching Pairs
**Blind jigsaw