The One Habit That Can Change Your Life: Decision Making

The One Habit That Can Change Your Life: Decision Making

In 1998, PepsiCo acquired Tropicana for $3.3 billion. This acquisition placed PepsiCo in direct competition with Coca-Cola, which owned Minute Maid, in the non-fizzy drinks market. This decision to acquire Tropicana helped PepsiCo expand its product range.

Two years later, in 2000, PepsiCo acquired Quaker Oats for $13.4 billion. This decision added a huge range of cereals and snack food products to the PepsiCo empire and gave PepsiCo control of Quaker’s popular and lucrative sports drink brand, Gatorade.

Both the above decisions made by Indra Nooyi helped PepsiCo become a global leader in the food and beverage industry. She also decided to redirect PepsiCo’s corporate spending away from junk foods and into healthier alternatives. She reclassified PepsiCo’s wide-ranging products into three categories: ‘fun for you’ (such as potato chips and regular soda), ‘better for you’ (diet or low-fat versions of snacks and fizzy drinks), and ‘good for you’ (Quaker Oats oatmeal)

In 2015, Sundar Pichai, the CEO of Google, announced a major restructuring of Google into a new holding company called Alphabet, with Google becoming a subsidiary of Alphabet. This restructuring was aimed at making Google’s operations more transparent and accountable, and to allow the company to focus on its core businesses.

Alphabet was created as a collection of companies, with Google being just one of them. This decision allowed Google to focus on its core businesses, such as search, advertising, and YouTube, while the other companies could operate independently.

Making decisions is an integral part of our lives. It is a skill that can be honed and improved over time. In this article, we will discuss one habit that can change your life: Decision Making. We will also look at real-life examples of people who have succeeded because of the timely decisions they have taken and advice from well-known leaders on this habit.

As seen in both the examples stated above, decision-making was the habit which helped both leaders take their respective organizations to new heights.

The one habit that can change your life is to make decisions on time. Procrastination can lead to missed opportunities and can cause you to fall behind. Making decisions on time can help you stay ahead of the curve and can lead to success.

There are many more examples of people who have succeeded because of the timely decisions they have taken. Steve Jobs, the co-founder of Apple, decided to cut down on the number of products that Apple was producing. He decided to focus instead on a few key products, which led to the success of Apple.

Another example is Oprah Winfrey, who decided to start her television network, OWN. She faced many challenges, but she persevered and made the network a success.

Decision-making is one habit that can change your life.

There are several reasons why people do not make timely decisions. Here are some possible reasons:

  • Fear of failure: People may be afraid of making the wrong decision and failing. This fear can lead to procrastination and indecision.
  • Lack of information: People may not have all the information they need to make a decision. This can lead to indecision and procrastination.
  • Analysis paralysis: People may overthink a decision and analyze it to the point where they become paralyzed and unable to make a decision.
  • Lack of confidence: People may lack confidence in their decision-making abilities. This can lead to indecision and procrastination.
  • Lack of motivation: People may lack the motivation to make a decision. This can be due to a lack of interest in the decision or a lack of motivation in general.
  • Lack of time: People may not have enough time to make a decision. This can lead to procrastination and indecision.
  • Identify the reason why you are not making timely decisions and work on overcoming it. Make timely decision-making a habit. This habit will transform your life!

Improving decision-making skills is a valuable asset in both personal and professional life. Here are some tips to help you develop this habit of timely decision-making:

  • Identify the situation: The first step in making a good decision is to identify the situation. Gather all the information you need to make an informed decision.
  • Note potential solutions or actions: Once you have identified the situation, note down all the potential solutions or actions that you can take.
  • List the advantages and disadvantages of each option: After noting down all the potential solutions or actions, list the advantages and disadvantages of each option. This will help you evaluate each option and make an informed decision.
  • Choose the decision you want to proceed with and measure the results: After evaluating each option, choose the decision you want to proceed with and measure the results. This will help you learn from your decisions and improve your decision-making skills.
  • Make a plan: If you know you have an upcoming decision to make, it can help to make a plan. For example, if you have to decide how best your team can meet a company sales goal, think about the size of your team and their individual goals to meet that larger goal. You can also examine what resources and supports may help you and your team achieve their goal.
  • Be assertive: Try taking command of the decision-making process. You might try advising a group on each choice’s pros and cons and setting time limits to ensure a quick and productive decision. This can help increase productivity in a group environment and help everyone make decisions quicker.
  • Ask an expert: Getting another opinion can help validate your decisions and give you extra confidence in your decision-making abilities. You might try asking a local expert, or you can always ask a trusted friend. For example, you might ask a supervisor their opinion about the project you’re working on.
  • Keep it in perspective: Try judging the value of each decision. Instead of spending extensive time debating smaller decisions, such as the font type for your company literature, focus on larger decisions, like what your company’s printing schedule should be. Keeping each decision in perspective can help you become more flexible and able to compromise.
  • Set deadlines: Set time limitations for yourself on each decision you make. This can help you avoid procrastination and make timely decisions.

Decision-making is one habit that can change your life. With practice, you can become a better decision-maker and achieve success in your personal and professional life.

As the saying goes, “A journey of a thousand miles begins with a single step.” Making timely decisions can be the first step towards achieving your goals. It can help you stay ahead of the curve and can lead to success. So, take that first step today and start making timely decisions. Remember, every decision you make is an opportunity to learn and grow. With practice, you can become a master decision-maker and achieve success in all aspects of your life


I am a Resilience & Well-Being Coach with over 3 decades of L&D experience. As the founder of Resilient Leadership, my mission is to enable leaders to be proactive about mental health and well-being, choose mental fitness and emotional strength over stress and struggle and grow through what they go through.

Should you wish to conduct keynote addresses, workshops, or short introductory sessions on Building Personal Resilience please get in touch with me at [email protected] or on 9820177998.

You can also visit my website www.resilientleadership.in ?

?

Sudeep Singh

Sales analyst || Sales & Marketing Strategy || Innovative Solutions || Launch Excellence || Women's Health || Data driven decision || Culture Transformation||Ex Bayer

10 个月

Great learning and clarity...As usual. Your expertise in making complex topics into simpler learning attracts.

Katie Kaspari

Life & Business Strategist. MBA, MA Psychology, ICF. CEO, Kaspari Life Academy. Host of the Unshakeable People Podcast. Habits & Behaviour Design, Neuroscience. I shape MINDS and build LEADERS.

11 个月

Taking timely decisions can truly transform your life. ?? The examples you shared highlight the impact of this crucial habit. Can't wait to read your newsletter!

回复
RAVI KUMAR TOMAR

Chief Operating Officer @ ACSEN Agriscience | Driving Growth, Strategic Leadership

11 个月

Very well written Dr Rajesh ????

Amit Kasliwal

Founder @ Dehurdle | Nurturing the Mental Fitness Revolution | TEDx Speaker | Tennis Enthusiast

11 个月

Loved it!

要查看或添加评论,请登录

社区洞察

其他会员也浏览了