Would it be better to settled the company in a different country or promote the company here? Should I invest in a startup? Should I go for traditional financing or would it be better to look for new alternatives? And so on with a lot of questions on which depends the business survival, and is that any decision-making process is not easy but necessary since it is the essence of an optimal business management.
In order to make a decision it is necessary to understand and analyze the problem
Making decisions in a proper way is a strength that not everyone has and that is something that it’s necessary to be trained so, pay attention because we are going to show you some tips that you should use in order to make your decision making process as effective as possible, Shall we start?
The 9 stages for an efficient decision making process:
1. Identify the problem
It is obvious that before starting the decision-making process, you must know what the problem is, the dilemma, what you must decide.
2. Look for the important information
Work on finding the relevant information that allows you to make a good analysis of the problem. A good decision is always based on information.
3. What are the decision criteria?
Once the dilemma has been identified and the relevant information has been collected, make your list with the criteria that will use to ponder the different options.
4. Is there any priority?
In any decision-making process it is essential to know which is the priority, that issue that can cause an impact superior to the rest and that needs to be considered.
5. Do we have any alternatives?
At this point, we will try to develop the different possible solutions to the problem: the more alternatives we have, the more likely we are to find the one that is really satisfactory.
6. Analyze the alternatives
What is the next step? then analyze these different alternatives, as well as know their advantages and disadvantages individually.
7. Choose the best alternative
Now, we must choose the alternative that according to the evaluation will obtain better results for the resolution of the problem.
8. Apply that decisión
Once we have completed the decision-making process, we must execute this decision and communicate it to those people ‘affected’ to get them to commit 100% with it.
9. Evaluate the results
Finally, it is important that after each decision making we analyze the results and determine if the decision applied was correct or not. If not, we must start a decision-making process again to find another alternative.
“When priorities are clear, decisions are easy”