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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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Article Tags: business decisions, detrimental effect, evaluate goals, important decisions, whim
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About the Author: David Liddell RSS for David's articles - Visit David's website 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:
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   Big Dogs and Tall Grass Standing Still or Moving Aimlessly Motivation Through Teamwork Historical Productivity Gains in Industry Generally Leadership Bottlenecks Kill Companies |
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"Effective leaders have the ability to consistently move themselves and others to action because they understand the "invisible forces" that shape us."
Also,
"Biography is not destiny... decision is."
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