How to Assess the Impact of a Decision

Overcoming the decision-making plight is a three-step process:

1. Define the time frame - Setting a clear timeline and forcing yourself to take action within those set boundaries will help keep you from further procrastination.
2. Gather information - If you feel that you are not knowledgeable on the topic, gather additional information from an expert or another team member. This will allow you to understand the details of the situation and feel more confident in making a decision. Be sure that you have distinguished between the facts and opinions though, when you process the new information.
3. Assess the impact - Identifying the possible outcomes and their impact will help you make the right decision.

So how do you assess the impact?

While you may be inclined to rely on past scenarios to give you a slightly better handle on what to expect or what action to take, keep in mind that no two situations are the same. Because the circumstances and nuances of each case are different, do not let a previous decision be the template for all of your future actions. Instead, let it serve as a learning tool and take new, different decisions as you see fit.

While there is no clear-cut method, here are some steps that may help you narrow down your choices:

• First, create a list of all possible outcomes.
• Rank all the scenarios, from the best to the worst.
• Figure out what actions will result in which outcomes

For each of these outcomes, think about all the other variables that are in play. Is there anything in particular that you can do that will reduce the likelihood of the bad or increase the good?

Also, do not forget to consider people's emotions. If this decision will impact your employees as well, take the time to view the situations from their perspective. You do not want to take an action that although will benefit you, will isolate your employees. Weigh these pros and cons in your list of possible outcomes.

As you follow these steps, you should be able to eliminate more options and start to feel more comfortable making a decision.

When should you consider hiring a business coach?

If each and every time you have to make a decision, you find yourself procrastinating or overwhelmed, it may be a sign of a bigger problem. It is common to feel nervous or hesitant once in a while, but as a leader, you cannot constantly put off making a decision or avoid the situation all together. A business coach can work with you to understand where your fears stem from and help you overcome them.

For more information about the other two steps in the decision-making process, visit our blog and the blog post, "How to Overcome Decision Making Plight?".

If you are looking to hire a business executive coach, look no further than The Round Well! Our coaches focus on understanding individual client needs, business environment, team intricacies, and developing results that will help you reach the goals you seek. Visit our website and blog, http://theroundwell.com, for more information pertaining to coaching and leadership development.

Article Source: https://EzineArticles.com/expert/Tmima_Grinvald/704083