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Effective Decision Making

Guest post by: David Liddell

Article Overview: Business decisions can often have the power to make or break a company. That is not a light thing to look at and quickly dismiss. In fact, making important decisions on a whim may even have a detrimental effect on the company.

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Effective Decision Making

Quick – coffee or tea? Sure, this decision was probably easy for you based on what you like and the fact that there were only two options. However, effective decision making within a company is much, much harder. The truth is that business decisions can often have the power to make or break a company. That is not a light thing to look at and quickly dismiss. In fact, making important decisions on a whim may even have a detrimental effect on the company. For instance, let’s say that your company has a decrease in profits. After reviewing your financials, you make a whim decision to get rid of 50% of your staff due to this flux. By making this decision on a whim, your business could suffer irreparable harm. For instance, you could fire those employees who would be the very ones capable of turning a company profit. Instead, let’s say that you engage in effective decision making. When confronted with the same dilemma, you take your time and make use of an effective decision making process. You evaluate your firm’s inherent risks and you do everything you can to cut costs. You negotiate with vendors and find more cost effective suppliers. You use creative and low-cost marketing techniques while eliminating high cost advertising. You make servicing your clients a top priority and strengthen customer relationships. The result? Profits soar. By taking your time and engaging in effective decision making, you avoid a costly mistake and save a lot of time and money.

Therefore, it is absolutely paramount that you engage in effective decision making processes whenever possible. Don’t be quick to solve problems hastily and uninformed. Instead you have to be willing take your time. Consider both long and short term ramifications of the decision. Evaluate your corporate goals and how they fit in with the goals of your employees. Take your time and carefully evaluate the pros and cons that the effective decision making process might have on your firm as a whole. Don’t be afraid to converse with others. Get their input and then engage in effective decision making processes. Not only will this allow you to act with a cool head but it will also enable you to work more effectively. After all, the fate of your company is depending on you. So, don’t let them down, you have a lot riding on your effective decision making process and you can succeed.

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Home > Productivity > David Liddell > Effective Decision Making
Article Tags: business decisions, detrimental effect, evaluate goals, important decisions, whim

About the Author: David Liddell
RSS for David's articles - Visit David's website

David Liddell, president and founder of SKYE Business Solutions, is an insightful and

trusted advisor to organizations interested in improving their performance and results.

Based on more than 20 years of experience in organizational and business

development, he objectively evaluates organizations and their employees to identify

opportunities for increased efficiencies and productivity. Recognizing that employees

play a key role in a company's performance, David utilizes his analysis to create

customized employee training and development solutions designed to enhance

employee performance, leadership skills, team building, strategy planning and

organizational development. 

He is widely respected for his skills as an expert problem solver, trainer, speaker,

facilitator and coach. As a certified 360 Solutions training partner and Profiles

International strategic business partner, he brings proven expertise to his creation of

customized employee development solutions.

Areas of Expertise

David has assisted numerous companies in improving employee and organizational performance. Using

a blended approach (assessments, training, coaching, strategic planning, and consulting), following is a

sample of results achieved:

  • Improved core leadership strength and alignment
  • Increased sales performance / business growth
  • Maximized production throughput and workforce productivity
  • Enhance organizational culture to foster a high performance mind-set (employee engagement)
  • Elevated trust / improved communication and collaboration
  • Ensured successful formation and execution on strategic objectives and goals

Background and Credentials

Prior to founding SKYE Business Solutions, David honed his skills in organizational and business

development, sales and marketing, business growth, and employee retention, training and coaching

through his work in the manufacturing, technology distribution, computer software, and information

technology consulting industries.

David holds a Bachelor of Engineering degree from Concordia University and is active in numerous

community and professionals organizations.

Click here to visit David's website
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More from David Liddell
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Standing Still or Moving Aimlessly
Motivation Through Teamwork
Historical Productivity Gains in Industry Generally
Leadership Bottlenecks Kill Companies


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