What first characteristic comes to mind when you think about a great leader?
Decision-making is an action that a leader takes every day in the business, but there are more challenging decisions to be made in the face of a problem. By making conscious choices, leaders are able to reflect on their values and priorities.
Great leaders understand how to balance emotion with reason and make decisions that positively impact themselves, their employees, customers, stakeholders, and their organizations.
Common Decision-Making Mistakes Leaders Encounter
Leaders make mistakes. It is a fact. Even the most successful leaders have made decision-making mistakes throughout their careers. Whether hiring someone that was not a good fit for the team, changing jobs, regretting it, not listening to a great idea from an employee, you name it.
Decision-making problems are often the result of relying too heavily on mental shortcuts that have worked in the past. But it may not be suitable for every time. Here are some common mistakes leaders encounter when trying to make a decision:
- Relying too much on expert information.
- Overestimating the value of information received from others.
- Only hearing what you want to hear or see what you want to see.
- Not listening to your feelings or gut reactions.
- Failing to define goals.
- Seeking perfectionism.
- Making NO decision.
In order to learn how to make better decisions, leaders should learn how to remove emotions as much as possible from the process to analyze and think critically about how the decision can affect the overall team and the business.
Here is a step-by-step decision-making process that can help leaders develop their effectiveness while planning.
- Identify: you just realized that you need to decide.
- Gather information: now, it is time to gather all the necessary information to help you. Some information comes from external sources, and some come from inside.
- Identify the alternatives: as you collect information, you will probably identify several possible paths of action or options.
- Weigh the evidence: evaluate all your alternatives and weigh each one and its consequences.
- Choose among the most suitable options: it is time to make your decision and choose the most appropriate choice.
- Take action: it is time to implement your choice. It is time to take action.
The decision-making process can be complicated sometimes. Leaders need to learn and develop their own techniques on how to make this process fast, effective, and reliable. Although it may be uncomfortable sometimes, it is a reality. If you want to be a successful leader, you have to work on your decisiveness skill.
About Wolf Leadership
Learn more about WOLF Leadership, our programs, and how we can help you and your organization to improve, evolve, and thrive in 2022 and beyond. Our programs are offered globally via virtual conference or in-person when possible. The duration and frequency of your coaching sessions will be customized based on your goals, outcomes, and your operational needs.
Phone number: 1300 762 327
Written with the 2021 Olympics and Post Covid-19 in mind, Eric Bailey does share not only his personal stories but also his strategies and tools to help us all thrive in our lives, Going for Gold. Click on the link for your playbook to win the Gold…And Live Your Personal Best.
Also, do not forget to download Eric’s most recent E-book, STRAIGHT OUTTA DA HOOD, your not ordinary self-help guide to help teenagers live an extraordinary life. And the best part? It is free for everyone!
Follow Eric Bailey on Social Media