How to sharpen your decision making skills

Posted on 02nd Aug 2016 | 1051 views

4 avg. rating (80% score) - 1 votes

In an unpredictable economy, a nimble captain of a company can save the ship from sinking with some quick decision making. There are theories and tools that business leaders can adopt in these times of financial stress. While some captains have designated leaders for particular tasks, others are sending their middle and senior management to B-schools to improve leadership qualities from others who have faced similar situations. Although some people are born with the ability to take quick decisions and problem solving skills, others can learn this much-needed skill.

decision

Don Six Thinking Habits: Companies often use Edward de Bono's tool, Six thinking hats. It is based on the belief that the brain can think in six different directions. The so-called hats are color coded and the group comes up with possible solutions to a problem. White hat signifies data available, red hat for intuitive and gut reactions to a problem, black is for using discerning abilities and logical approach, yellow is for optimism, green hat is used to come up with solutions and blue hat for meta-cognition to look at processes procedures.

Assign a Leader: Assign a leader with strong leadership qualities while delegating team work to ensure accountability for the decisions.

A Few Minutes of Solitude:For those who prefer working in silos, not having a group huddle jotting down the problem and road maps for a solution often helps.

A Degree can Speed Up the Process: Swifter and correct decision making can be taught in classrooms. Short-term classes teach how to access data and come up with the best possible solutions.

Gather Experience from Far and Wide: Those in the hot seat can learn from the experience of their colleagues and competition and know the importance of team work, besides keeping a dialogue on with as many people as possible irrespective of age and hierarchy.

0 Comments on How to sharpen your decision making skills

Comment as a guest:

POPULAR POSTS

What is Appointment letter Format?

26th Jun 2018

Top 10 facts why you need a cover letter?

08th Jun 2018

Are you looking for a job in Event Management?

28th May 2018

Pharmaceutical job opportunities on rise in Gulf

23rd May 2018

MNC Vs Startup: Are you Confused to Choose between?

09th Aug 2017

Perspectives of Unemployment in India

01st Jul 2013

Have your Say!

View All

How consistently does your organization reward you for good work?


Very difficult

Reasonably consistently

Not at all consistently

Vote

Press Corner

View All

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status