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Do you think that the inability to make decisions is holding your business back? According to Jim Connoly, marketing blogger, the main reason why small businesses struggle is 'their inability to make a decision. They want certainty before they commit. Because nothing in business is certain, they fail to decide!' What suggestions do you have that stimulate decision-making?
Create a sense of urgency and collaboration.
Create a visualisation of the end result.
Put time limits in place.
Show the bigger picture of how this decision will make an significant change (For better).
Early mover advantage.
Time advantage as compared to the competitors.
Reemphasis on the VALUE proposition & its favourable outcomes.
Involve employers
Build accountability projects
Contribute to a spirit of "play" - brainstormings
Set realistic goals
Involve managers and project leaders in an improvement effort
Break down barriers - mainly the routine ones
Encourage rapid decisions and reward the "real" one
...and of course, make a good formal plan - like an Balanced scorecard to follow up all activities with KPI´s
(sorry, I exceed the3 that you have asked :) )
1. URGENCY
2. COST EFFECTIVITY
3. PROJECTED RETURNS
What happend or is happening- Why and When? These three questions need to answered beore a decision can be made.
take time to make decision
look for uotcom of decision
learn and search abut decision
improve my knowledge and skills
Choose different alternatives available
Identify criteria
Choose best alternative
Imagine that your company has been expanding rapidly over the past 12 months. Sales are up 50 percent, but costs and overheads have also increased, so your operating profit has fallen. Decisions need to be made – and fast! But first you’re going to need to consider your options...
Some of your decisions will be so routine that you make them without giving them much thought. But difficult or challenging decisions demand more consideration. These are the sort of decisions that involve:
When you’re making a decision that involves complex issues like these, you also need to engage your problem-solving, as well as decision-making skills. It pays to use an effective, robust process in these circumstances, to improve the quality of your decisions and to achieve consistently good results.
1. Capacity to do it?
2. Is it profitable?
3. able to deliver it on time?
It is wisdom and not folly to have a reasonable assurance of certainty before making a decision, nevertheless, this is still one of the hindrances for making quality decisions.
To stimulate decision making:
1.develop interest in the matter after making some investigations
2. Don't go too far in making enquiry to avert discouragement
3. Be ready for the worse.
Well, I prefer first to listen to the problem in details and from the employees or others, then decide solution to that particular issue.
