5 Tips to Make Better Decisions as an Executive

Did you know that making better decisions today could help you achieve your goals and dreams much more consistently and with less regret in the future? Making right decision is an art and it can’t happen overnight.

On average, a person makes around 35,000 life altering decisions. Most often, when you are running a company, every decision is critical, and indecision isn’t a choice. Therefore you need the best decision-making abilities.

First and foremost, we're all decision-makers. We've always got something we want or we can want. That's why we need to stop worrying about the decisions we make – the ones that make the world spin every single day – and just start.

Here are a few tips that can help you make better decisions without being stressed and anxious:

• Search for your why

Many times while making a decision, we think so much that we often forget why and why we are making a decision. Over time, the real reason can dilute, and you start to decide based on other factors.

So instead of making decisions, mindlessly evaluate the real reason behind them and consider all pros and cons.

• Examine for cognitive biases

The human brain is vulnerable to many biases directly or indirectly. And it is designed in a way to make those decisions quickly based on your beliefs. Most of the decisions you make are out of the available information, but you don’t need to have all the necessary information.

Also, in many cases, your brain neglects many facts, which can be harmful. Cognitive bias can’t vanish overnight, but you can improve over time.

• Analyze multiple options

Often, you want to make a decision as quickly as possible, and in that scenario, you often do not consider all the options. Often we fail to explore better options due to the time and the stress caused by it.

Going with one option and not exploring others is a blunder; you might not know the best decision.

• Consider consequences

Every decision got its consequences, and you might not consider all the consequences while taking a decision. Keep in mind both the pro and cons of it. And once you have done that, analyses the positive and negative consequence.

Also, keep in mind what would happen if you did not make the task easier for you. Many times taking no decision is a decision in itself.

• Looks for facts

When you find yourself making snap decisions without giving them adequate thought, force yourself to look for unfavorable scenarios.

If you want to know if a stock is a good investment, look for proof that contradicts your theory. If you want to establish a firm, seek companies that have attempted and failed to do something similar.

Making smart decisions is like running a marathon. The quicker you try to run, the more drained you become, and the likelihood is that you will not make it to your target.

You don’t have to be a perfect decision-maker; just a good one would be sufficient. Don’t try to become a perfect decision-maker every time and be hard on yourself.

Above all, embrace critical thinking and good choices.

That's all folks. If you enjoyed reading this, do not forget to share and comment!

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Tip for the Fortnight

We face situations in which people do not react as kindly as we'd hope to be. From our relatives to our peers and bosses, there are always people pulling you down and it's not always a bad thing.

??Sharing with you 8 learning outcomes from such situations here:

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I got to feature?Jennifer Brick on Coach Talks With Shreyas Live Stream?and we talked about future of work place culture and the trends to expect.

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See you next Fortnight for a more ridiculous jibber-jabber! Have a great week ahead.

About Me:

I am the Chief Visionary Officer & Principal Exec-Life Coach?Get Set Rise Coaching and Consulting . I coach senior executives to create a healthy work life balance to achieve their goals. Know more about me?here

Do you want to make better decisions? I can help. Let’s talk shop over coffee about your future,?here.