Today’s workplace is complex, and the expectation of leaders to drive innovation and performance is at an all-time high. In this fast-paced and ever-changing environment, the ability to think on your feet and make great decisions is more valuable than ever.
The good news is, that decision making is a capability that can be practiced and learned. In this article, we’ll show you three important ways you can improve your decision-making skills. By changing your mindset, keeping a balanced perspective and cultivating a positive environment, you can avoid the common mistakes and make better decisions more of the time.
Why Your Mindset Matters When Making Good Decisions
While understanding the facts is an important part of the process, it’s how you interpret them that is often the difference between a good and bad outcome. To cultivate better decisions, an open-minded view with a focus on the bigger picture is essential.
By treating each situation with fresh eyes and watching your internal dialogue closely, you can avoid some common traps. With a closed mindset, you’re more likely to revert to default thinking and make decisions based on your own ego rather than the best interests of others. With a cultivated mindset, you maintain a collective focus, your thinking is deliberate and measured, and you’re far more likely to make the right decision.
Use Your Experience Wisely
Our past experiences can teach us much in life, but they can also interfere with our ability to make good decisions. While there is definite value in drawing on our knowledge of previous events, we need to balance this with the idea that every situation is unique.
When you rely solely on your experience as a guide, you run the risk of past perceptions and assumptions taking you in the wrong direction. Balancing your previous experience with an open mindset and understanding that every situation is unique, allows you to keep things in perspective and make decisions based on merit rather than habit.
Balancing your previous experience
with an open mindset and understanding
that every situation is unique
A Healthy Culture is a Must
To encourage better decision making in the workplace, you need a culture that values and nurtures the process. Understanding it’s a capability that can be learned and providing opportunities to do so is key. One way you can do this is to encourage an open dialogue on the decisions that are made in the workplace and the issues and challenges they present.
It’s also critical that everyone on your team knows their roles and are aligned to the same goals. You should also be aware of the possibility of time pressures, fatigue and group think interfering with good decisions, and make the necessary adjustments to ensure this is not a factor affecting decision making within your team.
Will Your Decision Making Stand Up In The Future?
The art of making better decisions can be learned, but there is no secret formula or foolproof hack that will fast-track the process. The world is much to complex and random for it to be that simple!
By cultivating the right mindset, drawing from your experiences wisely, and encouraging a healthy culture in the workplace, you create the ideal process and environment for great decisions. And for today’s leaders, getting your decision making ready for the challenges of the future is an absolute must.
If you’d like advice on making the right decisions to advance your career, get in touch with our team today.
Can we send you an email?
Join more than 5,000 other smart finance professionals by signing up to our newsletter. You'll get a monthly email with new blog posts, job news, views, and insider tips. Don’t miss out on this valuable advice!