Decision Making
DEFINITION
The ability to select the most effective option
WHAT IS IT?
Decision making involves evaluating and assessing various ideas or options using logic and reasoning. It requires the skill to compare and weigh the relative advantages of different choices.
WHY IS IT IMPORTANT?
Organizations are at risk of failure and decline from poor decisions. Each major decision needs careful analysis and consideration. Employees with strong decision-making skills are invaluable to companies. Clear thinking and sound decision-making are essential traits of effective leaders.
Books to Read
A More Beautiful Question: The Power of Inquiry to Spark Breakthrough Ideas
One of the most powerful forces for igniting change and solving problems is a simple, under-appreciated tool -- questioning.
The Greatest Business Decisions of All Time
In hindsight, taking a different direction may seem easy, but these bet-the-company moves involve drama, doubt, and high tension.
Smart Decisions: A Practical Guide to Making Better Decisions
Smart Choices offers a proven, straightforward, and flexible roadmap for making better and more impactful decisions and the tools to achieve your goals in every aspect of your life.
Decisive: How to Make Better Decisions in Life and in Work
Research in psychology has revealed that our decisions are disrupted by an array of biases and irrationalities.
The authors show how algorithms developed for computers also untangle very human questions. They explain how to have better hunches and when to leave things to chance, how to deal with overwhelming choices and how best to connect with others.
