Tips to Help You Make Better Business Decisions

Came across this interesting this article from Harvard Business Review and immediately thought it was worth sharing. It’s called 3 Ways to Improve Your Decision Making. 

In it, Walter Frick shares some valuable insights. Here’s a short snippet:

So, the first rule of decision making is to just be less certain — about everything. Think choice A will lead to outcome B? It’s probably a bit less likely than you believe. Think outcome B is preferable to outcome C? You’re probably too confident about that as well.

Once you accept that you’re overconfident, you can revisit the logic of your decision. What else would you think about if you were less sure that A would cause B, or that B is preferable to C? Have you prepared for a dramatically different outcome than your expected one?

Walter Frick

The rest of it gets even more in-depth. So, if you want to read more of it, just click on this link to the full article Harvard Business Review.