Decision analysis provides individuals a systematic approach to making decisions. Unfortunately, no one knows everything and individual decisions are often biased by a decision-maker’s unique perspective. Inclusiveness – inviting others to help make a decision – should result in better decisions than any individual alone could make. Using a group of decision makers to make a decision should improve decision making quality because (1) more decision makers means more information, so decisions made by groups rather than individuals should be more informed decisions, and (2) more decision makers means more perspectives, so decisions made by groups rather than individuals should be less biased by any one individual’s unique perspective.
In this blog post, we're going to be talking about decision making. The central challenge in making good decisions is that we have to make decisions under uncertainty. The way we manage uncertainty leads us to make decisions in ways that are biased and not necessarily fully rational. So here we're going to talk about the biases that are triggered by making decisions under uncertainty and how to overcome those biases to make sound decisions.
In this post, we will discuss the # 1 tool that all leaders should use for effective daily leadership - Inclusiveness. Leaders have two main tasks - to make decisions and implement decisions. Making decisions is all about setting the direction of where we want to go and implementation is about doing the work to get there.
The best leaders use inclusiveness as a tool to do these tasks effectively. There are two main benefits of inclusiveness
- Information Benefits
- Motivational Benefits
From an information standpoint, leaders can make better decisions as they receive information from everyone's real world experiences. At the same time, the quality of implementation can increase given the flow of information across the implementers.
Additionally, there are motivational benefits as the implementers feel more involved in the decision making process and take ownership over achieving the final goal that the leader has set out.