The impacts of a decision gone bad tend to linger around for months or even years. It’s true that most businesses fail not because they didn’t make decisions but because they didn’t make good decisions.
With so much riding on your ability to make the proper decisions it’s wise to brush up on the method of decision making and the process involved in planning to create them. Planning allows a choice to be made in your conditions and in a far more comfortable and intelligent manner. It allows you the opportunity to consider several options with no last minute rush.
There are four advantages to decision-making planning:
1. PLANNING ALLOWS YOU TO SET THE GOALS YOU WANT. That means you aren’t so much focused on the outside events which don’t relate to what you’re attempting to accomplish. Many decisions are wrongly made dependent on things that steer one’s life as opposed to becoming proactive decision-makers.
2. PLANNING PROVIDES A WAY TO MEASURE SUCCESS. The plan of action is the mirror to quantify how close (or far) you are from accomplishing your objective. This step is important because it can show you instantly when you’re off course and need to make corrections and alterations.
3. PLANNING CHANGES THE “DO” TO THE “GET”. Planning converts ideas, values and actions into action. Planning isn’t the end result; it’s the instrument to convert the idea into a particular action or actions. Planning can help you convert your organization’s goals into your unique objectives and can help you get results. Remember most companies pay you for actions NOT activity. It is not that the”do” it’s the”get” that makes the difference. A good plan would be to maintain what you’re attempting to achieve in the attention at all times. Ask yourself is what you’re”doing” today,”becoming” the outcomes you’re responsible for?
4. PLANNING HELPS ALLOCATE YOUR RESOURCES IN AN EFFICIENT MANNER. Few firms have unlimited resources. A good plan can help you optimize the resources you have. Bear in mind that dollars aren’t your only resource. Resourse that you’ll have to manage includes individuals, resources, tools and business propriety information. By consulting you plan many times, you can see issues before they become problems and you may shift available resources to cover the unexpected troubles.
Planning to make a choice is a perfect example of the Pareto principle – the idea that by doing 20% of work you can generate 80 percent of the benefit of doing the whole job. Pareto analysis is a formal method for discovering the changes that will give the largest advantages. It’s useful where many potential courses of actions are competing for your attention.
Maybe by spending the 20 percent of your time thoroughly planning you next choice can save you 80 percent of your time. Why not give it a go?
There are numerous techniques you can use for planning. Words like Strategic, Tactical, and Operational can come to mind. But these are specific planning processes. Each has their place in business.