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Managers need to make decisions

3/27/2011

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Part of a managers job is to make decisions. The decisions will not always be the right one's, but it is better to make a decision and be wrong than to dither and not make a decision at all. And face it, we probably learn more from our bad decisions than we do our good ones. To make a good decision (more often than not) you should:
  • Clarify the real objective
  • Develop creative alternatives
  • Understand the consequences of the decision
  • Make appropriate trade offs amongst conflicting objectives
  • Deal sensibly with uncertainties
  • Take account of your risk taking attitude
  • Plan ahead for decisions
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