How to reduce decision making risks?
Kalpit Dhaked
Consulting Enterprises to win BIG| Modern Solutions with Analytics & Intelligence| Solution Architect| Social Enthusiast| Freelance Consultant
A decision is the conclusive form of multiple thoughts and iterations which had happened while thoroughly preparing the strategy to achieve certain outcome. There were many factors impacting sequence of events in every thread which potentially could turn the possibility into reality.
Now, to expedite and bring precision to our decision making the eliminating strategy is one of the best and most impactful.
Human tendancy holds one to many relationship in every sincere concern which is even sure to deliver the expected outcome.
Step - 1 : We need to be less worried about the righteous choice and start focusing on eliminating the not so necessary options on the table.
Step - 2 : Once we are left with the most suitable choices, we should create the priority order of all the necessary factors to be taken in consideration.
领英推荐
Step - 3 : Moving up the most favourable option as per the listed factors priority will again help to eliminate the better choices and leaves you with the best.
Step - 4 : The very few options which are left, brings you closer to make your final judgment, which has been derived strategically till now. The leading option becomes your final choice leaving you with next best way as an alternative with lower risks involved.
Remember, alternatives work because governance was not well thought out for the first/best decision you made. Hence, never keep monitoring and governance out of your sight even during the course of execution of your decided path and confidently lead it with the plan and strategy defined while calculating the factors and solution to your well-known and dearest problem you decided to deal with.
With this strategy one will always succeed without worrying about alternatives or risks as you eliminated all those which had these in them already with the most effective Elimination Startegy.
Microsoft Certified Data Engineer || Certified Professional Databricks Data Engineer || Certified Associate Databricks Data Engineer || 6x Databricks Certified
11 个月Truly elimination strategy work but does it play well with risk to reward ratio strategy ?