Decision-making skills are one of the critical analytical skills that managers and leaders need. In order to develop decision-making skills, managers need to focus on their analytical ability, including but not limited to having a result-oriented approach, the ability to form objective, unbiased opinions, and an organized way of functioning.
Decision-making is one of the five essential tasks typically defined as duties of a manager which are critical to any team’s functioning. It holds substantial importance because their choices can create team risks or rewards. Good decision-making processes make employees feel valued and earn their loyalty.
Good decision-making leads to a positive result for everyone impacted by it. It includes accurate analysis, understanding options, results, consensus building, and accountable behavior. Managers who are influential decision-makers make their teams valuable contributors in the process and use decisions to realize their vision.
Understand the qualities of an excellent decision to become a good decision-maker. You will need to focus on understanding the process and nuances of making sound decisions. Moreover, practice the habit of understanding before choosing, evaluating the alternatives, and weighing the consequences. A habit of remaining unbiased and rational will help too!
Many factors hamper effective decision-making. A common one is a lack of a plan. When you check all your options and their consequences, your decisions might be better. Lack of adequate information, biases, subjectivity, and fear of risks can also reduce the effectiveness of decisions.