What is the key elements to effective decision making?

1- identify the problem

2- collect information

3- decide the options and alternatives

4- choose the decision

5-evaluate the decision

Sound decision making skills comes with experience. 

The core elements of decision making is to view and analyse the 'object / issue' from360 degree angle. Think about the possible options available to you, review pros and cons of each solution before you take any firm decision. Be responsible and take ownership of the decision you made

Listening is the key element. we should listen our subordinates thier issues and their suggestio. Each one has different opinion and that is the better way to make final decission.