Every day, business owners have to make decisions. Some are relatively inconsequential but some have company-wide ramifications and consequences. As businesses grow, the decisions that have to be made become exponentially more important, more complicated and more frequent.
At Vital Minds Business Training, our highly interactive workshops deal with two distinct elements – the four styles of effective decision making and the process by which decisions should be reached.
First we look at the process devised by Peter Drucker, an Austrian-born American management consultant whose work contributed to the philosophical and practical foundations of the modern business corporation –
- Problem Rationalisation – Understand the problem you’re attempting to solve
- Boundaries – Understand your range of options as success is often a spectrum
- Right Thing To Do – Before deciding on feasibility, discover what the right thing to do is
- Action – You must be able to act on the decisions you make
- Feedback – Post-decision, find out what’s working and what needs looking at again
We will also look at the styles of decision maker and we will determine who you are –
- Command – Leaders make decisions without consulting their team
- Collaborative – Leaders gather teams together and ask for feedback and insight
- Consensus – A democratic voting process where majority rules
- Convenience – Delegation to measure the competence of your managers
Everyday decisions – such as ‘shall I write that report or shall I email our suppliers first’ – are relatively straightforward but more complex decisions – such as ‘I need to make one team member redundant, which one do I choose’ – are more complex and require a lot more thought. They involve issues such as uncertainty and some decisions have high-risk consequences where reactions are hard to gauge.
Our Effective Decision Making workshops will give you the tools you need to be able to make rational decisions using a clear process that yields consistent results of a high quality. An ordered approach means you are less inclined to miss elements that will affect your decision.
For more information on our Effective Decision Making workshops and to discuss availability and booking, please contact us today.