Decision making is an essential leadership skill. If you can learn how to make timely, well-considered decisions, then you can lead your team to well-deserved success. If, however, you make poor decisions, your time as a leader will be brutally short.
The 40+ techniques explained in this section help you to make the best decisions possible with the information available. These tools help you map out the likely consequences of decisions, balance different factors, and choose the best courses of action to take.
Start by taking our How Good is Your Decision Making? self-test, and then explore different decision making tools in detail. In particular, take a look at our sections on Choosing Between Options, and Deciding Whether to Go Ahead.
The Vroom-Yetton-Jago Decision Model
Deciding How to Decide
The Kepner-Tregoe Matrix
Making Unbiased, Risk-Assessed Decisions
Understanding the Decision Cycle
The Recognition-Primed Decision (RPD) Process
Making Good Decisions Under Pressure
Decision Matrix Analysis
Making a Decision By Weighing Up Different Factors
Paired Comparison Analysis
Working Out Relative Importances
The Analytic Hierarchy Process (AHP)
Choosing By Weighing Up Many Subjective Factors
Measuring Buyer Preferences
Choosing the Most Important Changes to Make
Decision Tree Analysis
Choosing by Projecting "Expected Outcomes"
The Quantitative Strategic Planning Matrix (QSPM)
Choosing the Best Strategic Way Forward
The Futures Wheel
Identifying Future Consequences
Deciding Whether to Go Ahead
Conducting a Thorough Feasibility Study
Risk Analysis and Risk Management
Evaluating and Managing Risks
Plus, Minus and Interesting
Weighing the Pros and Cons of a Decision
Force Field Analysis
Analyzing the Pressures For and Against Change
"What If" Analysis
Making Decisions by Exploring Scenarios
Identifying the Full Consequences of Change
Taking Intelligent Risks
Deciding, Quantitatively, Whether to go Ahead
Determining When a Product Becomes Profitable
Net Present Value (NPV) and Internal Rate of Return (IRR)
Deciding Whether to Invest
Cash Flow Forecasting
Forecasting the Impact of a Financial Decision
Avoiding Psychological Bias in Decision Making
How to Make Objective Decisions
The Ladder of Inference
How to Avoid Jumping to Conclusions
Decision Making Under Uncertainty
Making the Best Choice with the Information Available
"Cautious" or "Courageous"?
Understand Your Risk Preference, and Make Better Decisions
Six Thinking Hats
Looking at a Decision From All Points of View
Developing the Skills for Successful Thinking
Avoiding Common "Fatal Flaws" in Decision Making
Reactive Decision Making
Making Good Decisions Under Pressure
Optimizing Your Limited Resources
Monte Carlo Analysis
Bringing Uncertainty and Risk Into Forecasting
The Foursquare Protocol
Learning to Manage Ethical Decisions
What Are Your Values?
Deciding What's Most Important in Life
Understanding How People's Values May Affect Their Decision Making
Organizing Team Decision Making
Reaching Consensus for Better Decisions
Bain's RAPID® Framework
Assigning Roles to Avoid Stalemate
Choosing Fairly Between Many Options
The Stepladder Technique
Making Better Group Decisions
The Delphi Method
Achieving Consensus Among Experts
Avoiding Sometimes-Fatal Flaws in Group Decision Making
Hartnett's CODM Model
Developing Solutions Collectively
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