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10 Tips to Cope with Negative Emotions at Work
It’s a fact of life - if you want to succeed in business, you need to know how to interact and communicate effectively with your employees, business partners, vendors, prospects, and customers. As a small business owner, this might involve rapid...
Home Equity Loans - Friend or Foe?
Home equity loans are advertised on the airways, newspapers, magazines and just about anywhere else a homeowner may see or hear the advertisement. Some people feel that home equity loans are trouble waiting to happen. Others feel that home equity...
Important Information For Condo Buyers
Here is a step by step guide for buyers looking to buy a condo in any area. These are important tactics to make a solid and accurate judgement on the property you're looking to purchase. - When purchasing a condominium make sure that you ask...
"Is Your Dog Selling eBooks Too??"
Just the other day, I stumbled across a website selling ebooks about pet food...it was set up by Spike, a Bull Dog Just kidding! But it does seem that everyone is jumping, or had jumped on the 'ebook bandwagon' these days. No doubt, the online...
The Human Side of Ad Tracking: How to Use Emails to Connect With Your Customers and Find Out Why They Really Bought
Do you know why people buy from you? What part of your offer put them over the edge? Let's face it, you worked for a long time on your sales copy. You created bonuses, designed a guarantee, sweated over the benefits and how to communicate them....
 
Many options yield better decision making

Are you option starved when it comes to making decisions? There are a lot of factors that contribute to good decisions. Problem definition, background data, situation analysis are essential elements in decision making. However, the critical element is having a wealth of alternative options from which to make a final decision. If you would like to improve the quality of your decisions, develop your skill in listing exhaustive alternatives.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Do you make decisions after considering only two or three alternative options? How often are you forced to say, “If we had only thought of such-n-such would we have made a better decision?” Increase that ‘two or three’ to ‘at least, ten.’ and note how quickly that improves your decision making ability. Also, notice how much easier and pleasurable your decision making becomes.

The alumni of my management classes continue to thank me for improving their ability to make good quality decisions. Seldom do these grateful persons recall the agonizing struggle they suffered when they were first introduced to our decision making discipline. Nor do they recall the moment they first discovered decision making was simple and easy once they had ample alternative options or solutions.

When management students submitted papers on case studies, projects, proposals, business plans, or any exercise requiring a final decision they were required to evaluate 14 alternative solutions. We arbitrarily set the number to 14 for consistency and fairness.

How many are best for you? Base your own quota. on whatever is comfortable yet challenging or is commensurate with of your task. Your personal development is the important issue. Habits resulting from the discoveries and discipline


are rewards that remain with you for the remainder of your managerial life..

Some ways to create alternatives:
(1)Start your list with the mandatory but, oft overlooked, option to do nothing.
(2)Include whatever pops into you mind. The seemingly unrealistic, even ridiculous, ideas can always be deleted later or they may be refined to being viable. Experts in brainstorming tell us to avoid discounting ideas as they are first presented because that interrupts the flow of ideas. They might stimulate your sub conscious to create those great innovative solutions.
(3)During the follow up exercise of listing the advantages, disadvantages, possible outcomes and consequences for each alternative new options will come to mind.
(4)Consider the opposite action for some alternatives.
(5)Include all forms of action. Example: for buy, the options are rent, sell, lease, borrow, share or contract.
(6)Form combinations of one or more single alternatives.

The bottom line – what’s in it for you?
A wealth of alternative options yields decision dividends by improving the quality.

Enjoy the excitement and self esteem resulting from your creativity.

Avoid the stress of indecision.

You’ll have an increased desire to make more and bigger decisions.

Gain greater confidence.

Discover that the key to working smarter is making better decisions.

Ask yourself, “what other business activity earns more money than decision making?”

Invest in good decision making with numerous deposits of alternative options – today!

About the Author

Gerry added practical wisdom to his college and univeristy courses by owning and operating small businesses. That wisdom is now online at
www.UncleMaxSays.com

 

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