Decision-Making During Turbulent Times
Abraham Lincoln, the ex-American president, is most likely the epitome of a decision-maker. His decisions were taken as he intended them. Today’s world is very different. There are many factors that influence the way we think and act, such as changing markets, technological changes, and socio-cultural events. We are forced to make difficult decisions – this is where we find the problem; many employees and company leaders fear taking on leadership roles for fear of making bad decisions.
Why is decision-making so stressful at corporate levels?
When decisions aren’t life-defining, they’re easy to make. Each decision at the corporate level has its rewards and ramifications. While decision-making may sound appealing to some leaders, others might prefer to take over the responsibility in all cases. How can you reach a decision when everyone is not ready to take responsibility?
The power of a “Decision”
One decision can make or break an organization. Tax cuts can lead to strikes by unions, raises in pay that cause budgetary losses, and firing employees without cause can all be consequences of poor executive decision-making. This responsibility usually falls on the shoulders of compliance professionals, business owners, and HR managers.
Lack of leadership training is a key problem. Many workplaces do not train their employees in leadership skills. Most managers and their superiors get so involved in operational commitments that they become stuck in a rut, which leaves them little room to exercise leadership. Nerves can get the better of them when the decision is made. This is why their psychological and physical health are so poor.
Another ally in this mishap is overtime. It leaves workers no time for personal relationships, which further hinders productivity. You might find workers making hasty decisions, often wrong ones, or deliberating over simple and straightforward decisions in their workplace.
How can you overcome this dysfunction?
Each person has the potential to be a leader. There are many reasons why leadership skills are lacking. These include being too busy, not paying attention to their employees, and staying in your comfort zone. You can solve this problem!
Leadership Programs: Human nature is to avoid being forced into stressful situations. People tend to shun making decisions. People also have the tendency to question their decisions and ask themselves, “Was that decision good?” These are the areas where leadership programs, inclusion initiatives, and talent hunts can help to solve the problem of lack leadership skills.
Answering Questions: Solving a math problem is the best way to arrive at a conclusion. Asking questions, problem solving, and weighing the pros & cons can speed up the decision-making process. It also helps to instill the idea that wisdom is not a choice but a result of responsible and tactful action.
Active Involvement: You win a battle when you’re on the frontline and not in your comfort zone. If you don’t take an interest in the issue at hand, there is a good chance that someone else will take the credit and put the frosting on the cake. It is time to be a better leader at work.
Advisory Panel: Critique raises questions about credibility. This is what is important when making high-profile decisions. A board or advisory panel will eliminate any potential moot points. This type of recommendation will allow you to get concrete facts so that you can make a decision quickly.
What do you do if a Leader is unable to make a decision?
Leadership skills may not be perfected all the time. Leadership does not necessarily mean making good decisions. Although leaders can be both good and bad, decisions must be beneficial to the company’s survival. It is your responsibility to help your leader reach the summit if they are unable to make decisions on the fly.
You can be the leader, but you should stick to your decision after considering all its benefits and drawbacks. Your decisions could have negative consequences in the future. Arbitrary proceedings will determine what went wrong. But, until then, you can stick to what you swore. Your staff will not take your decision-making skills seriously if you are prone to changing your mind. Remember that you only have one image to protect – yours and your business’s.
Although decisions may not always be successful, many people depend on them for their livelihoods. But, refusing to make a decision can be fatal for a leader. You resist becoming a part the problem and are perceived as a no-good’ at work if you do not want to be a part.
We recommend sticking with the litmus test approach. This will maximize your chances to make decisions and then see how they do. Remember to work in groups and that you don’t have to make the final decision on your own. Multi-tiered companies exist for one reason: to provide support and a network that can propel the business forward. Take chances, learn more, and believe in your abilities.