Tip Drum
Structured Decision Making: Tip of the Day for Busy Leaders
Some people flip a coin, others use a crystal ball to make decisions. The more important the decision, the more important it is to have some structured method by which you make your decision. Join us this week, as we discuss Structured Decision Making.
Monday’s Tip (Structured Decision Making): Brainstorm a list of several possible solutions. You need to have options to evaluate. Get your team together, and put as many alternatives together as you can think of. Evaluate them afterward.
Tuesday’s Tip (Structured Decision Making): Decide on a clear criteria on which you will base your decision. Some standard criteria include effectiveness, feasibility, cost, time, capability, acceptance (or enthusiasm). Adjust these criteria, or add more to best address your situation.
Wednesday’s Tip (Structured Decision Making): Not all criteria are created equal. Weight your criteria for your situation. In some cases capability may be paramount. As such, give it a higher weighting than the rest.
Thursday’s Tip (Structured Decision Making): Objectively score each option on each criteria. Being objective is difficult, but if you look at each criteria individually, it is easier to get a complete evaluation of each alternative.
Friday’s Tip (Structured Decision Making): Take action once your decision has been made. Do not second guess. Once you’ve made your decision based on more objective criteria, take action on that decision. Only reopen a decision if more or better information has become available.
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Question of the Week: Is it better to delay a decision pending more/better information, or to make the decision, and fix it afterward if you are wrong?
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