Title: 5 Best Practices to Follow in the Decision-Making Process – Big Think Edge
Headings: 5 Best Practices to Follow in the Decision-Making Process
5 Best Practices to Follow in the Decision-Making Process
1) Avoid Having Too Many Hands in the Pot
2) Ensure the Right People are in the Right Roles
3) Cultivate a Problem-Solving Mindset through Training
4) Keep Industry and Organizational History in Mind
5) Follow a Decision-Making Checklist

Content: 5 Best Practices to Follow in the Decision-Making Process – Big Think Edge
5 Best Practices to Follow in the Decision-Making Process
By Big Think Edge |
2020-05-08T18:54:10-04:00
May 17th, 2018
|
View Larger Image


Imagine the increased productivity, efficiency, and overall success that would result if all of the employees and managers within your organization would make better decisions on a daily basis. This task is not easy to accomplish without the help and use of best practices. What’s worrisome is that one study recently cited in Forbes of 500 managers and executives found that “98% fail to apply best practices when making decisions.” In another study of 100 managers cited by the same article, “managers who made decisions using best practices achieved expectations 90% of the time, and 40% of them exceeded expectations.” However, simply having a few key decision-makers at the top won’t be enough to make a real difference in improving the decision-making of an organization overall. Businesses and organizations need to be smarter and demonstrate higher decision-making quality and processes. This is especially important when considering that greater authority is increasingly placed on frontline management as businesses shift to decentralized decision-making in favor of efficiency. Here are five best practices your organization’s employees and leaders should keep in mind throughout the decision-making process: 1) Avoid Having Too Many Hands in the Pot
In a perfect world, you’d be able to make decisions on your own. However, that’s not always possible as you may find yourself in a group that is responsible for making decisions for your organization, such as a team or committee.