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Malakye Picks: Make Better Decisions

April 4, 2013

There's an opportunity in your area!

Decision Making Techniques (read it on

Why Read It? The 40+ techniques explained in this feature will help you to make the best decisions possible with the information you have available.

There's an opportunity in your area!

"If you can learn how to make timely, well-considered decisions, then you can lead your team to well-deserved success. If, however, you make poor decisions, your time as a leader will be brutally short."

Tips for Making Better Decisions (read it on

Why Read It? Because making sound decisions is a skill set that needs to be developed like any other.

  • Perform a Situation Analysis: Who will the decision impact (both directly and indirectly)?
  • Subject your Decision to Public Scrutiny: There are no private decisions.
  • Conduct a Cost/Benefit Analysis: Do the potential benefits derived from the decision justify the expected costs?
  • Assess the Risk/Reward Ratio: What are all the possible rewards, and when contrasted with all the potential risks are the odds in your favor, or are they stacked against you?
  • Assess Whether it is the Right Thing To Do: Standing behind what one believes is the right decision in the face of tremendous controversy is the stuff great leaders are made of.
  • Make The Decision: Perhaps most importantly, you must have a bias toward action, and be willing to make the decision.

"Show me someone who hasn't made a bad decision and I'll show you someone who is either not being honest, or someone who avoids decisioning at all costs."

Drop MFG Q&A with Chris Gougeon, Senior Designer

There's an opportunity in your area!

Lauren Hawthorne, Operations Support Coordinator for Carver Skateboards

There's an opportunity in your area!

There's an opportunity in your area!

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The Greatest Business Decisions
(read it on

There's an opportunity in your area!

Learn how these groundbreaking business decisions have shaped the thinking of today's top leaders.

VIDEO: Make Better Decisions
(watch it on

There's an opportunity in your area!

"Making decisions, even simple ones, is a tricky process. And you are very, very bad at it."

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