Decisive Leaders are Successful Leaders. How Can You Become A Better Decision Maker?

Have you ever worked for a boss who simply could not make decisions? Or someone who defaults to the easy “no conflict” answer or consensus decision making? It can be exasperating, not to mention discouraging. Indecisiveness can also have real consequences such as missed opportunities, damaged relationships, costly mistakes, and lost revenue. 

Yet, decision making is baked into every leader’s job description. Study after study perennially cites decisiveness as a key attribute of executive presence and essential for leadership success. Research also tells us that leaders who are good decision makers tend to be more confident and better equipped to steer their teams and organizations though unexpected challenges. They are able to think critically and strategically, evaluate information from available data, make timely and sound judgements, and anticipate potential obstacles in the future.

So, how do we become better decision makers? The good news is, decision making is a skill, which through practice, intention, and self-reflection, every leader can develop and improve. Here’s a five-step playbook:

1. Gather information. Before making a decision, gather as much information as you can about the situation. This might include researching the issue, consulting with experts, and seeking out diverse perspectives. Don’t, however, fall prey to analysis paralysis. Know when you have enough information
2. Consider the consequences and risks. Think through the potential consequences and risks of each option you are considering. Consider both the short-term and long-term implications of your decision.
3. Evaluate your options. Once you have gathered information and considered the consequences, evaluate your options. Consider the pros and cons of each option and weigh them against each other. Use collaborative problem solving with others who represent diversity of thought and perspective.
4. Trust your instincts. While it’s important to gather information and evaluate your options, don’t discount your instincts. Sometimes your gut feeling can be a valuable guide in making a decision.
5. Seek feedback. After you’ve made a decision, no matter the outcome, seek feedback from others. This can help you learn from your decision-making process and improve your decision-making skills in the future.

Being a good decision maker and demonstrating decisiveness are essential skills in the successful leadership toolbox. The marketplace is dynamic, and the ability to respond rapidly, problem solve and make sound decisions are critical for the leader of today … and tomorrow.