{"id":152,"date":"2023-10-31T22:26:31","date_gmt":"2023-10-31T22:26:31","guid":{"rendered":"https:\/\/paysprint.ca\/blog\/?p=152"},"modified":"2023-10-31T22:26:31","modified_gmt":"2023-10-31T22:26:31","slug":"top-7-decision-making-tips-for-managers","status":"publish","type":"post","link":"https:\/\/paysprint.ca\/blog\/top-7-decision-making-tips-for-managers\/","title":{"rendered":"Top 7 decision-making tips for managers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-126\" src=\"https:\/\/paysprint.ca\/blog\/wp-content\/uploads\/2023\/08\/Bill-payments-284x300.png\" alt=\"\" width=\"284\" height=\"300\" srcset=\"https:\/\/paysprint.ca\/blog\/wp-content\/uploads\/2023\/08\/Bill-payments-284x300.png 284w, https:\/\/paysprint.ca\/blog\/wp-content\/uploads\/2023\/08\/Bill-payments-480x507.png 480w, https:\/\/paysprint.ca\/blog\/wp-content\/uploads\/2023\/08\/Bill-payments.png 668w\" sizes=\"auto, (max-width: 284px) 100vw, 284px\" \/><\/p>\n<div class=\"header_subtitle\">When you manage a business, you are constantly making decisions\u2014often under pressure.\u00a0 How do you make the best possible decisions, knowing they will have an impact on your company&#8217;s future?<\/div>\n<p class=\"c-neutral-alternate-light\">4-minute read<\/p>\n<div class=\"share-this\">Share<\/div>\n<div id=\"div_page_content\">\n<div class=\"row\">\n<div class=\"block textblock col-12\">\n<div class=\"text-block-container flex-grow-1 x-mb-8 \" data-taxon-component=\"text\" data-taxon-text-title=\"ctn-text-intro\" data-taxon-text-contentid=\"15043\" data-taxon-text-display=\"default\" data-taxon-parent=\"true\">\n<div class=\"row\">\n<div class=\"block textblock col-12\">\n<div class=\"text-block-container flex-grow-1 \" data-taxon-component=\"text\" data-taxon-text-title=\"ctn-text-intro\" data-taxon-text-contentid=\"19422\" data-taxon-text-display=\"default\" data-taxon-parent=\"true\">\n<p>As a\u00a0<a class=\"def-link\" href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/entrepreneur-toolkit\/templates-business-guides\/glossary\/leadership\">leader<\/a>, there are strategies you can use to avoid common pitfalls and hone your\u00a0<span class=\"white-space-nowrap\">decision-making<\/span>\u00a0skills.\u00a0 Making better, faster decisions will help you take advantage of business opportunities and avoid pitfalls.<\/p>\n<h2>1. Reframe the problem<\/h2>\n<p>Backing up is sometimes the best way to move forward. When you are presented with a problem, step back and think about its full context. Try to see the issue from as many perspectives as possible. That will help ensure you are not emphasizing one aspect and neglecting others.<\/p>\n<p>Begin by trying to think of at least 3\u00a0different ways of looking at the problem.<\/p>\n<h2>2. Make\u00a0<span class=\"white-space-nowrap\">evidence-based<\/span>\u00a0decisions<\/h2>\n<p>The aim of\u00a0<span class=\"white-space-nowrap\">evidence-based<\/span>\u00a0management (EBM) is to use scientific evidence when making decisions, rather than simply trusting one&#8217;s instincts.\u00a0 Like most people, you probably tend to use your judgement and to base your decisions on what is familiar.\u00a0 But experiences that you have had at other companies or in different circumstances may not apply to the situation at hand.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row x-mt-0\">\n<div class=\"col-12 col-md-8\">\n<div class=\"row\">\n<div class=\"block textblock col-12\">\n<div class=\"text-block-container flex-grow-1 \" data-taxon-component=\"text\" data-taxon-text-title=\"ctn-text-main\" data-taxon-text-contentid=\"19423\" data-taxon-text-display=\"default\" data-taxon-parent=\"true\">\n<p>There are simple steps you can take to incorporate evidence into your decision making.<\/p>\n<ul class=\"x-mb-3 x-mb-sm-4\">\n<li>Use performance data to support your decisions.\u00a0 Get the most current and complete data possible.<\/li>\n<li>Challenge your gut feelings.\u00a0 Is there any objective evidence to support them?<\/li>\n<li>When a course of action is suggested, find out what it&#8217;s based on and whether it&#8217;s supported by data.<\/li>\n<li>Determine whether commonly used\u00a0<a href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/business-strategy-planning\">business strategies<\/a>\u00a0have worked in a situation like yours.\u00a0 Will they apply to your particular case?<\/li>\n<li>Check that the business data you come across are current and objective.<\/li>\n<\/ul>\n<h2>3. Challenge the status quo<\/h2>\n<p>People tend to choose the status quo over change, to stay in their comfort zone.\u00a0 But being comfortable with an approach may not be enough to justify it.\u00a0 Question whether you would choose a course of action if you weren&#8217;t already following it.\u00a0 Examine your options as realistically as possible.\u00a0 Don&#8217;t overstate the cost or the effort involved in making a change.<\/p>\n<p>For example, if you were starting over, would you use the same\u00a0<a href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/marketing-sales-export\/marketing\/7-low-cost-tactics-business\">marketing tactics to attract customers<\/a>?\u00a0 Would you attend the same trade shows?\u00a0 Would you emphasize web-based marketing, direct mail or a mix?\u00a0 Don&#8217;t forget to find supporting data that will help you review your choices objectively.<\/p>\n<section>\n<h2>4. Get an outside perspective&#8230;but trust yourself<\/h2>\n<p>Make it a habit to ask others for information and opinions.\u00a0 Be open-minded.\u00a0 Get a wide range of views, so you can see an issue from as many perspectives as possible.<\/p>\n<h3>Employee opinions count<\/h3>\n<p>Find ways to encourage information sharing in your company.\u00a0 Be open to plain talk and foster an atmosphere where people can be direct, even when the truth is unpleasant.\u00a0 Using\u00a0<a href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/employees\/manage\/employee-appraisals-9-tips-better-evaluations\">performance evaluations<\/a>\u00a0is one way to encourage these values.<\/p>\n<h3>Deal with problems<\/h3>\n<p>If you want to consult others about a problem, be sure to consider it carefully from as many angles as possible before talking to them.\u00a0 That way, you will avoid being limited by their interpretations and ideas.\u00a0 Frame the problem in as many ways as you can, and then seek out others to see whether they can add to your understanding of the issue.<\/p>\n<\/section>\n<h2>5. Develop an eye for risk<\/h2>\n<p>It&#8217;s possible to train yourself to look for all types of risks.\u00a0 Whenever you make a decision, ask yourself:\u00a0 If I make the wrong decision, how will I know it?<\/p>\n<p>For example, if you are considering changing your transportation carrier to cut costs, think about how you would determine that you&#8217;d made the wrong decision.<\/p>\n<ul>\n<li>Your service department would report more customer complaints about delayed orders.<\/li>\n<li>You wouldn&#8217;t see cost savings at the end of the quarter.<\/li>\n<li>Administration staff would complain of poor service from the new supplier.<\/li>\n<li>The carrier could go out of business, leaving you to find a new supplier.<\/li>\n<\/ul>\n<p>This type of exercise can help you see the potential pitfalls of a decision and take steps to avoid them.<\/p>\n<p>Even a generally good plan will have costs and potential problems.\u00a0 Ask for information on how the plan could go wrong.\u00a0 Play the devil&#8217;s advocate.\u00a0 Examine all the evidence, both bad and good.\u00a0 Don&#8217;t underestimate the costs and effort required.<\/p>\n<h2>6. Let go of past mistakes<\/h2>\n<p>People have a tendency to make choices that justify past experiences, even when a previous decision has not worked out as well as they&#8217;d planned.\u00a0 We also tend to spend time and money fixing past problems, when it would be more useful to acknowledge the mistake and move on.<\/p>\n<p>Making sound decisions means taking into account the evidence that is available at the time.\u00a0 Sometimes the context changes and that decision is no longer valid.\u00a0 Recognize that you made the best decision possible under the circumstances, and then review the situation to see whether a different decision is now called for.<\/p>\n<p>In your company, take time to recognize employees who make good decisions based on sound evidence.\u00a0 Don&#8217;t focus exclusively on outcomes, as that approach can encourage employees to perpetuate mistakes by continuing to try to fix them.<\/p>\n<h2>7. Be honest with yourself<\/h2>\n<p>Before gathering evidence to make a decision, take time to review your own motivations.\u00a0 Is your mind already made up?\u00a0 Are you really gathering evidence objectively, or are you simply looking to confirm an existing idea?<\/p>\n<p>Being aware of your own motivations can help you remain objective and focus on finding the best possible solution for your business.<\/p>\n<h2>Be decisive<\/h2>\n<p class=\"x-mb-md-0\">Briskly proceed through the 7\u00a0previous steps and then make a decision.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row \">\n<div class=\"col-12 col-md-8\">\n<div class=\"row\">\n<div class=\"block textblock col-12\">\n<div class=\"text-block-container flex-grow-1 \" data-taxon-component=\"text\" data-taxon-text-title=\"ctn-text-main(2)\" data-taxon-text-contentid=\"150203\" data-taxon-text-display=\"default\" data-taxon-parent=\"true\">\n<section>Culled from BDC\/Articles<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When you manage a business, you are constantly making decisions\u2014often under pressure.\u00a0 How do you make the best possible decisions, knowing they will have an impact on your company&#8217;s future? 4-minute read Share As a\u00a0leader, there are strategies you can use to avoid common pitfalls and hone your\u00a0decision-making\u00a0skills.\u00a0 Making better, faster decisions will help you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-softskills"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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