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Wise Words

Wise Words are those Snappy Sayings and Clever Quotations that give you Wisdom-in-a-nutshell: such as this one from Albert Einstein

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Leadership Skills Making a Good Decision

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Posted 15 January 2014 by Chris FarmerChris Farmer

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You may find the following will help with your Decision Making and Problem Solving skills training.

Leadership skills: Making a good decision

One of the most important things to know about the world of work is this:

You are not paid for the amount of work you do. You are paid according to the value of the decisions that the organisation entrusts you to make.

To repeat: You are not paid for the amount of work you do. You are paid for the value of the decision that your organisation entrusts you to make.

  • If you make the decision to launch or not to launch the big project, then you are paid big money.
  • If you make the decision to have chicken or beef sandwiches it the lunch buffet, then you are paid small money.

You are paid for your decision making capabilities.

If you want to be a better leader, then one way to do that, is to invest some mental effort, improving your ability to: Make wise decisions.

Wise decisions

How can you train yourself to make wise decisions?

Good question!

You can train yourself to make wise decisions by recognising the fact that, any decision has to be made according to a set of specific criteria.

  • If you use the correct specific criteria for making the decision, then you will make a good, wise decision.
  • If you use the incorrect specific criteria for making the decision, then you will make a bad, unwise, decision.

That is the secret to wisdom. That's it!

Leadership Training - The Effective Leader Manager

Leadership Training - The Effective Leader Manager

As the team leader or manager, you know that, on the technical level, you are very good. In your role as an effective and inspirational leader-manager, you recognise that there may be some gaps. Now you are searching for a method to help you to improve your skills as a team-leader and manager - click here to find out more!

Next question is:

Thinking about criteria for wise decisions, what are the main options available?

Consider the following:

You can make any decision according to their:

  1. Short range consequences.
  2. Long range consequences.

You can also make any decision according to their:

  1. Value quotient.
  2. Pleasure quotient.

For example: You can select your dinner, by reference to the nutritional value of the food, or the pleasurable taste of the food, (or of course, a balance of nutrition and taste).

The point is this:

Wise decisions are those decisions that are made by comparing the options against the:

Increase in value, over the long range, to the organisation or individual.
Unwise, poor decisions are those decisions that are made by comparing the options against the

Amount of short range pleasure offered by each option.

To restate the point:

  1. Wise, good, intelligent decisions are decisions made with an eye to the amount of value added long range, by each possible option under consideration.
  2. Unwise, bad, stupid decisions are those decisions made with an eye to the amount of short range pleasure, offered by each possible option under consideration.

For example

  • Should you eat more fish and rice?
  • Or should you eat more ice cream and pizza?

If you are making the decision based upon short range pleasures, and you want to ignore the long range health consequences, then the chances are, you will eat pizza and ice cream tonight.

On the other hand, if you are making the decision based upon long range health values and you want to subordinate the emotional desire for short range, pleasures of the flesh, then the chances are, you will be eating fish and rice tonight.

  • If you want to live long and prosper, then what is the wise choice? Fish and rice.
  • If you don't mind living shorter and dying in pain, then eat pizza and ice cream.

Second example
If you are making the decision whether to invest the money in a more advanced website and improved optimisation of the computer system, or blowing the same money buying a flashy car, on the business account, for yourself to look good in, then,

  • If you want to live long and prosper, what is the wise choice? The new advanced website and optimised computer system.
  • If you would prefer living shorter and dying in pain, then blow the money on the fast car.

The same principle holds for practically all decisions.

Please note the following:

It is important that you are clear on this issue:

Should you judge matters according to:

  1. The value added, over the long range. Or...
  2. The pleasure added, over the short range.

Answer:

  • Don't make decisions based on the short range pleasures.
  • Instead: Make all decisions based upon the long range values.

The principle holds for all decisions.

Ponder the implications.......

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