I came across this interesting article while reading Harvard Business Review which I thought of sharing with you.
The research claims that you will save an average of 10 hours of discussion, decide 10 days faster, and improve the outcomes of their decisions by 20% if you follow following these 7 steps.
Focus on What is Important - Write down five pre-existing company goals or priorities that will be impacted by the decision. It will help you avoid the rationalization trap of making up reasons for your choices after the fact.
Realistic Alternatives - Write down at least three, but ideally four or more, realistic alternatives. It might take a little effort and creativity, but no other practice improves decisions more than expanding your choices.
Missing Information -By writing down the most important information you are missing helps us . We risk ignoring what we don’t know because we are distracted by what we do know, especially in today’s information-rich businesses.
Decision Impact -By writing down the impact of your decision will have one year in the future. Telling a brief story of the expected outcome of the decision will help you identify similar scenarios that can provide useful perspective.
Get Perspective - Involve a team of at least two but no more than six stakeholders. Getting more perspectives reduces your bias and increases buy-in — but bigger groups have diminishing returns.
Record -Write down what was decided, as well as why and how much the team supports the decision. Writing these things down increases commitment and establishes a basis to measure the results of the decision.
Follow Up - Schedule a decision follow-up in one to two months. We often forget to check in when decisions are going poorly, missing the opportunity to make corrections and learn from what’s happened.
I will be very interested to get your perspective on same