How to avoid the pitfalls of your natural decision-making process in your business.
Good decision making in any business means avoiding the pitfalls of bad decision making.
You might have been lucky in the past and made the right decisions without following a proven process.
However, should you leave the future success of your business to luck?
Without even realising it, your natural decision-making process has 4 natural flaws…
Two of these are: Being so narrow and being so biased.
A narrow decision is essentially a thumbs up or down decision – where you only have (or give yourself) 2 options.
But, when you widen the options the better your final decision is likely to be.
Generating a number of different options may seem to make your decision more complicated but alternatives force you to dismiss the ‘whether or not’ decision and widen the beam of your decision-making spotlight.
The decision you make will be improved when you widen your spotlight.
Bias is the second of the 4 flaws in any natural decision-making process. Without realising it bias habitually influences most of the decisions you make.
How many times have you made a decision based on the fact you like one outcome more than the other?
How many times have you decided on the outcome you would like and sought out the information to back it up, disregarding all the other alternatives?
This is called confirmation bias…