Decision Maker to Business Analysis Made Easy

Decision Maker


If decision making were easy everyone would do it.


One of the worst things that a decision maker can do is to make a decision without thinking about considering his or her own goals and needs as well as what the consequences of the decision will be. Many people fall prey to the old' decision making trap that says to 'strike while the iron is hot.' While you certainly do not want to make the mistake of decision-neglect and fail to make a choice when you have plenty of alternatives, choosing the first thing that comes along is probably not the right thing to do either. There are many ways that you can analyze the situation and choose the best option, if you're the decision maker. This includes taking an account of the alternative choices you have and considering the benefits and consequences of those actions.


Identify the Problem


The first step that a decision maker has to do in all decision making models is to identify the problem clearly and accurately. By bringing the problem that needs to be solved to the forefront, or realizing that you have many options centered on one big one, is important to getting everything out in the open. Sometimes identifying the problem alone will make everything that much clearer for the decision maker. This is the first crucial step that shouldn't be slighted.


Other Alternative Options


Consider what other alternative options you, as the main decision make, have in front of you. Are there any alternatives or is there only one choice? In over 95% of the cases of decision making there will be at least three or four alternative options that you'll have to choose from. Take the time to write them down and evaluate them.


The evaluation process of your alternative options should include listing the consequences of those choices. Imagine in your mind making the decision of each alternative that you listed. What are the consequences of those decisions and do they have a negative impact on your life? Perhaps there is an impact from the alternative options but the impact is a positive one. As the one who makes the decision, you'll want to carefully evaluate the advantages and disadvantages of your alternative options before you finalize a decision.


Making The Decision


After you've exhausted your list of resources of the alternative decisions that you could make, grab the bull by the horns and make the decision that's right for you. If you have followed the above procedures correctly and are satisfied with the decision you've made, follow through and make sure that everything gets done as it relates to the path you have chosen. Any big decision deserves the utmost attention and little procrastination, especially if it's a significant decision for your life or business.


Follow Through


Following through with the decision that you've made is perhaps the most difficult step of any decision making model This is especially true if there are other attractive alternatives that each have their own advantages. However, making the best and most advantageous decision for yourself is what it's all about, and these steps that lead to the right choice is what you should be focused on as a decision maker.

Search For More Business Analysis Information

Custom Search



© 2006 - 2014 Stellar Force
Share this page



Questions about decision making?

Ask them here.