The 3 Pillars for Good Managerial Decision-Making.

Joan Marques - Ed.D., MBA.
Burbank, California

Decision-making: a point that is crucial to good management. And one that should be approached with care, as it involves great risks. For let's be honest: it would be wonderful to have all the information at hand when you have to make a decision, wouldn't it? However, 9 times out of 10 it doesn't work that way! We have to make almost all our decisions based on incomplete information.

One of the things you have to be sure about is that before making a decision you really understand the problem or opportunity at hand. You should also make sure that you are comfortable choosing from the options you have. If not, you may want to consider waiting a while...unless the waiting will eliminate some very good options!

You probably already see it: decision-making is a delicate matter. Aside from all the attention points mentioned above, there are 3 points you may want to focus on when facing decisions:

Decision-making is one of a manager's steady tasks, but it also surfaces every day of your life: sometimes in more complicated issues than others. Mastering the basics of decision-making can therefore be a valuable asset to the way you handle simple as well as complicated matters in your life.