Thursday, February 4, 2010

Decision Making Series # 2

Complex Decisions Any type of decision that results in major life changes such as changing or quitting your job, leaving your partner, choosing a program to study etc are considered complex decisions. Making complex decisions can be overwhelming, and as a result you might feel paralyzed and sometimes anxiety and depression may follow. Thus, it is important to follow a logical and systematic decision-making process. This process helps you address the critical elements that result in a good decision but not in a perfect decision. You have to accept that there is no perfect decision, as every decision not only involves gain but also loss. So do not look for "the perfect" decision but try to find the best ones considering your options. By taking an organized approach, you're less likely to miss important factors, and you can build on the approach to improve your decisions. In a complex decision making process we have to consider issues such as uncertainty, alternative choices, and potential high-risk consequences. Thus, making effective decisions are about going through a process. It is not a one-answer game but a complex system of different steps. Consider the following steps in the process of making an effective decision: 1. Define your objectives. 2. Define your options. 3. Do a cost-Benefit Analysis for each option. 4. Choose the best option. 5. Take action. For an elaboration on each step follow the upcoming issues of the decision making series.
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