57Tools

Decision Making

How to Make Better Decisions

Decision making is a big part of life, but how do you know when you've made the right choice? A good place to start is our interactive quiz to understand how good your decision making is.

Then use our resources on decision-making models to understand different approaches, and how they apply to various situations. This includes choosing between options, and making group decisions, making good decisions under pressure.

Plus, our resources on ethics and improving decision making will help you to make sure that you choose the options that are morally right, and driven by fact, not fiction.

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Start Here (2)

How to Make Decisions

Making the Best Possible Choices

14

15 MIN READ
How Good Is Your Decision Making?

14

21 MIN READ

Decision Making Models (6)

The Vroom-Yetton Decision Model

Deciding How to Decide

14

7 MIN READ
BRAIN, BRAN and BRAND

Balancing Intuition With Logic

14

10 MIN READ
The Kepner-Tregoe Matrix

Making Unbiased, Risk-Assessed Decisions

14

8 MIN READ
OODA Loops

Understanding the Decision Cycle

14

8 MIN READ
The TDODAR Decision Model

Considering Your Options Under Pressure

14

9 MIN READ
The Recognition-Primed Decision (RPD) Process

Making Good Decisions Under Pressure

14

7 MIN READ

Choosing Between Options (9)

What Is Prospect Theory?

Anticipating People's Reactions to Risk and Uncertainty

14

9 MIN READ
Decision Matrix Analysis

Making a Decision by Weighing Up Different Factors

14

6 MIN READ
Paired Comparison Analysis

Working Out Relative Importances

14

5 MIN READ
The Analytic Hierarchy Process (AHP)

Choosing By Weighing Up Many Subjective Factors

14

13 MIN READ
Conjoint Analysis

Measuring Buyer Preferences

14

7 MIN READ
Pareto Analysis

Choosing the Solution With the Most Impact

14

8 MIN READ
Decision Tree Analysis

Choosing by Projecting "Expected Outcomes"

14

6 MIN READ
The Quantitative Strategic Planning Matrix (QSPM)

Choosing the Best Strategic Way Forward

14

8 MIN READ
The Futures Wheel

Identifying Consequences of a Change

14

5 MIN READ

Deciding Whether to Go Ahead (9)

Go/No-Go Decisions

Deciding Whether to Go Ahead

14

12 MIN READ
TELOS

Conducting a Thorough Feasibility Study

14

7 MIN READ
Risk Analysis and Risk Management

Evaluating and Managing Risks

14

10 MIN READ
Risk Impact/Probability Charts

Learning to Prioritize Risks

14

6 MIN READ
Quantitative Pros and Cons

Weigh up Decisions With a Simple Approach

14

6 MIN READ
Force Field Analysis

Analyzing the Pressures For and Against Change

14

8 MIN READ
"What If" Analysis

Making Decisions by Exploring Scenarios

14

9 MIN READ
Impact Analysis

Identifying the Full Consequences of Change

14

7 MIN READ
Business Experiments

Taking Intelligent Risks

14

12 MIN READ

Financial Decisions (4)

Cost-Benefit Analysis

Deciding, Quantitatively, Whether to go Ahead

14

8 MIN READ
Break-Even Analysis

Determining When a Product Becomes Profitable

14

6 MIN READ
Net Present Value (NPV) and Internal Rate of Return (IRR)

Deciding Whether to Invest

14

12 MIN READ
Cash Flow Forecasting

Forecasting the Impact of a Financial Decision

14

14 MIN READ

Improving Decision Making (15)

Avoiding Psychological Bias in Decision Making

How to Make Objective Decisions

14

9 MIN READ
Personal Preparation for Great Decision Making

Getting In Shape to Make the Right Call

14

6 MIN READ
Equipping Your Team to Make Decisions

Empowering Your Team to Step Up

14

10 MIN READ
The Ladder of Inference

How to Avoid Jumping to Conclusions

14

9 MIN READ
Decision Making Under Uncertainty

Making the Best Choice with the Information Available

14

9 MIN READ
"Cautious" or "Courageous"?

Understand Your Risk Preference, and Make Better Decisions

14

8 MIN READ
Six Thinking Hats

Looking at a Decision From All Points of View

14

8 MIN READ
Howard Marks' Second Level Thinking Skills

– Going Beyond the Obvious and Avoiding Unintended Consequences

14

7 MIN READ
Blindspot Analysis

Avoiding Common "Fatal Flaws" in Decision Making

14

10 MIN READ
Critical Thinking

Developing the Right Mindset and Skills

14

6 MIN READ
Reactive Decision Making

Making Good Decisions Under Pressure

14

5 MIN READ
Linear Programming

Optimizing Your Limited Resources

14

7 MIN READ
Monte Carlo Analysis

Bringing Uncertainty and Risk Into Forecasting

14

5 MIN READ
ORAPAPA

A Checklist for Making Better Decisions

14

7 MIN READ
10 Common Decision-Making Mistakes

Avoiding the Pitfalls

14

13 MIN READ

The Impact of Ethics and Values (3)

The Foursquare Protocol

Learning to Manage Ethical Decisions

14

10 MIN READ
What Are Your Values?

– Deciding What's Most Important in Life

14

9 MIN READ
Spiral Dynamics

Understanding How People's Values May Affect Their Decision Making

14

10 MIN READ

Group Decision Making (9)

The Hoy-Tarter Model of Decision Making

Deciding When to Involve Others in Decisions

14

9 MIN READ
Multi-Voting

Choosing Fairly Between Many Options

14

8 MIN READ
The Modified Borda Count

Achieving Consensus About Which Options to Pursue

14

7 MIN READ
Organizing Team Decision Making

Reaching Consensus for Better Decisions

14

9 MIN READ
The Stepladder Technique

Making Better Group Decisions

14

4 MIN READ
Avoiding Groupthink

Avoiding Sometimes-Fatal Flaws in Group Decision Making

14

9 MIN READ
Hartnett's CODM Model

Developing Solutions Collectively

14

10 MIN READ
Bain's RAPID® Framework

Assigning Roles to Avoid Stalemate

14

8 MIN READ
The Delphi Method

Achieving Consensus Among Experts

14

5 MIN READ

Further Resources

Bite–Sized Training (6)

Impact Analysis

14

60 MIN READ
Using Decision Trees

14

60 MIN READ
Decision-Making Mistakes and How to Avoid Them

Scenario Training

14

60 MIN READ
Avoiding Decision-Making Paralysis

14

60 MIN READ
Group Decision Making

14

60 MIN READ
Financial Forecasting in Project Evaluation

14

60 MIN READ

Book Insights (18)

Expert Interviews (7)

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