If you’ve ever felt overwhelmed by the number of decisions you're making at work, you’re not alone. The average American makes at least 122 decisions daily- so you can imagine what that number looks like for executives. C-Suites are responsible for guiding their team toward success through a series of choices that impact the entire organization. The right decisions positively influence efficiency, performance, and revenue. Poor decisions have an adverse effect in those same areas.
While there's no escaping this inevitable responsibility, there are ways to make it more manageable. Here are four ways to balance strategies and decision-making in the C-Suite.
Surround Yourself With a Trustworthy Team- You can’t be everywhere at once, so let your team be your eyes and ears. Micromanagement will only lead to burnout and sometimes misguided decision-making because things are viewed through a very small lens. Gathering valuable input from a diversified group of employees at all levels of the organization ensures you have all the information needed to make a fair and balanced decision.
Identify Your Preferred Decision-Making Process- There is no “one-size-fits-all” method when it comes to making decisions. Are you data-driven? Do you depend on your gut? It turns out we don’t all make decisions the same way, and knowing how you process information can lead to better execution and more reliable outcomes. The five different types of decision-makers are outlined as follows:
The best leaders possess a combination of multiple processing styles, providing a healthy balance to their thinking and rationale.
Know the Data- The numbers don’t lie, so get in the habit of familiarizing yourself with data. Ask for input and a deeper analysis if you need them. Compare past areas of success and failure to take action on future strategic planning. Doing so will reinforce your original thought and lead to more confidence in your decisions. Be relentless until you’re as close to 100% confident as you can get.
Seek Opposing Viewpoints- Often, the most meaningful insight comes from those who share different opinions. Keep these people close in your decision-making circle. They can offer different perspectives and challenge your ideas, forcing you to examine criteria you may not have considered.
Decision-making is a learned skill and something that can be evaluated and improved upon throughout one’s career. When we strengthen our strategies, the company as a whole benefits. Prioritize the time needed to analyze a situation beforehand to avoid long-term mistakes. And most importantly, remember the power of innate intuition.
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