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People make thousands of decisions a day. Some are small and insignificant, others are big and potentially life-changing. Managers, business owners, and leaders make substantially more decisions than the average person and are regularly faced with making high-stakes decisions. As a result, it’s common for leaders to suffer from decision fatigue, to fall back on comfortable decision-making styles, or to defer making big decisions.
Yet, being an effective decision-maker is one of the most important skills for leaders to have. Good decision-makers positively impact the trajectory of their business and earn the confidence and respect of their teams. Peter Drucker, the well-known management consultant and business author, often talks about the importance of decision-making. He advises that, “making good decisions is a crucial skill at every level” and has observed that “wherever you see a successful business, someone once made a courageous decision.”
The good news is that there are things you can do to become a better decision-maker. Even if decision-making is an area of angst for you, something that you often put off, or something you struggle with, there things you can do to maximize your decision-making potential. Here are 7 proven methods that all business leaders should implement.
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