If you are just starting out as a business owner or manager, it’s time to work on improving team decision making process. You are going to encounter situations on a regular basis where you need to make essential choices and implement changes for your organization. The more prepared you are, the less overwhelming you are likely to find it.
Here are the 5 strategies to guide you through the business decision making process:
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Always stick to the facts
When it starts to feel that emotions are escalating, one of the best things that you can do is to make efforts to refocus yourself on the facts at hand. Intuition is one of the powerful tool for the business decision-making process, but it should always be weighed alongside concrete information.
If you are struggling to objectively analyze the available information, then don’t be afraid to ask for outside input from trusted friends or mentors. A third party is also helpful in helping you see the role your personal biases and emotions are playing.
Always keep your “big picture” outcome insight
Keeping an eye on both your short term and long term goals is an essential thing for any small business owners to do. It is very easy to get side-tracked when caught up in the energy and momentum of a new enterprise, but it is essential to stay anchored with a set focus on the big picture. Never forget of what it is you initially set out to do and the potential outcomes of your decisions.
Pay attention to employee morale
Regardless of the type of decision you are currently being faced with, taking a look at employees’ morale will almost always provide some meaningful insights. For instance, if your ultimate goal is to expand your business by opening another location, offering new products, etc., then considering current staffing capacity, morale, and ability to hire additional staff will keep your current employees happy.
Building a dedicated and reliable team is one of your best defences against the unpredictable obstacles that you may be forced to face in the future?
Get input from those around you
Talk to the people in your organization! There is a valuable resource right in front of you. Seek their guidance on various topics; remember that you hired them for a reason. You also don’t have to limit seeking their guidance solely on those issues that directly apply to their jobs, they likely have an opinion on all aspects of your organization and sometimes an outsider’s take on a situation is the most helpful.
Don’t forget to breathe
Rarely does a decision need to be made immediately and although it can easy to cave to the desire to have the task over and done with, it is always a good idea to take some time to weigh your options. Any decision made from a state of panic is likely to fail to take some key factors into the account.
Even in those rare situations in which you will need to make a decision sooner rather than later, it is still essential that you give yourself a few moments to process the situation and try your best to reach the final decision with a clear head.
Closure – Improving Team Decision Making
Don’t beat yourself up when something goes wrong, take it and learn from it. There is always a way to move forward and get your ship back on course. Admire when you have made a mistake and evaluate why things when wrong. If you are able to learn from it this time, your decisions will only be that much more informed next time around.
(The images used in the post are extracted from unsplash)