The steps to learning decision making are by evaluating the
factors and consequences of the decisions before making them. Some
of these factors that need to be considered to make effectively
good decisions are
- Evaluation of the objective: When you begin by
asking yourself what you need to accomplish, you are clear of your
goals. These goals should be quantifiable. You need to
ensure that you can achieve these goals otherwise decision making
is not going to be easy. Once the goals are realized.
- Thorough research to back up the objective: If
you want to ensure that the decision making is based on rational
thought, observation, and examination of information. Then thorough
research that comprises data, insights, feedback should be
considered. For example, buying a car would require you to
collect information on the braking, performance, interior, and
exterior dimensions to make a good decision.
- Elimination of bias: If there is anything that
hinders good decision making, it is cognitive biases. By holding on
to existing biases, you can make a poor decision. So first
identification of these biases is vital to eliminate them before
making a decision. For example, when you only use your friend's
opinion after consulting a group of experts in buying a watch, then
you are biased towards your friend. the decision making might not
be the best in this case. Therefore, it is vital to eliminate all
forms of bias before making a decision.
- Common sense: An important component of
decision making is common sense. Every decision might require you
to use your common sense once you have evaluated all the possible
alternatives to make a good decision.
- Identification of risks: In a world of
uncertainty, every outcome or decision is prone to risks, and
determining the risks of the outcomes is essential to not be
plagued with a bad decision. So, identify the risks of
every alternative that lies ahead and then weed them out to reach a
final decision.
Each step is a guide to learning how to make effective
decisions by considering the factors that affect your decisions.
The more you practice the consideration of essential components in
an outcome, the decision making gets better.