Question

What are the important elements of decision making?

Answer 1

1. The Problem Rationalization.

The clear rationalization that the problem was generic and could only be solved through a decision that establishes a rule or a principle.  Know the problem your solving.

See Opinions Over Facts for Effective Decision Making,  4 Types of Problems, and What is Relevant Decision Making Criteria.

2. The Boundary Conditions.

The definition of the specifications that the answer to the problem has to satisfy, that is, of the “boundary conditions.”  Know your range of options that will still count as success.

See Boundary Conditions for Effective Decisionsand

3. The Right Thing to Do.

Before you decide what’s feasible, first figure out what the right thing to do is.

See First Figure Out What the Right Thing to Do Is.

4. Action.

Turn decisions into action.

See Action Commitments.

5. Feedback.

Get feedback on what’s working and what’s not.

See Test Your Decisions Against Reality.

We make decision every day.  Some decisions are more important than others.

Answer 2

The 5 Elements of an Effective Decision Making Process

According to Peter Drucker these are the 5 elements of an effective decision making process.

1. The Problem Rationalization.

The clear rationalization that the problem was generic and could only be solved through a decision that establishes a rule or a principle.  Know the problem your solving.

See Opinions Over Facts for Effective Decision Making,  4 Types of Problems, and What is Relevant Decision Making Criteria.

2. The Boundary Conditions.

The definition of the specifications that the answer to the problem has to satisfy, that is, of the “boundary conditions.”  Know your range of options that will still count as success.

See Boundary Conditions for Effective Decisions and

3. The Right Thing to Do.

Before you decide what’s feasible, first figure out what the right thing to do is.

See First Figure Out What the Right Thing to Do Is.

4. Action.

Turn decisions into action.

See Action Commitments.

5. Feedback.

Get feedback on what’s working and what’s not.

See Test Your Decisions Against Reality.

We make decision every day.  Some decisions are more important than others.

What’s important is that when it comes to making better decisions that you figure out a process that works for you, and helps you make better decisions, more consistently, and in a variety of scenarios, whether for work or in your personal life