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Decisions

Pictures | Value System

Life is a constant stream of decisions. Try to make sure your future self thanks you for the decisions that you made today.

Confidence is not about knowing you will succeed, but building belief into your systems and work practices to navigate obstacles and maximize opportunities on the path to progress.

Good decisions come from documenting clear thinking about how to prioritise and methodically solve problems.

Questions

Ask better questions.

Show me the incentive, I'll show you the outcome - Charlie Munger

Value Ledger

Know exactly what you value and why so that you can chart progress: Qualitative, Quantitative, Objective, Past, Present Reality

  • Intangibles
  • Assets
  • Resources
  • Metrics

Crystalize Intentions

Imagine the future and clarify intentions to shape that reality.

Build Belief

Build confidence with stories backed by facts of where you come from, why you are here, where you are going and how you are going to get there.

  • Trends
  • Convictions
  • Predictions
  • Critical Path

Control Centre

Stay on the right path:

Mantra

Evolve mantra to avoid failing to behavioural biases when needing to make quick decisions under pressure. Mantras are a way to reinforce stories that maintain alignment to a mental roadmap; while providing a tool for effective thinking in times of pressure.

  • Enable accurate decisions in the heat of the moment
  • Should be considered from all perspectives
  • Can be disagreed with: generic principles are worthless
  • Be something that can fit into a picture frame
  • Have evidence of practical application

Checklist

Every decision is an investment in your future.

  1. Identify the problem or opportunity. What is the decision that needs to be made? What are the goals and objectives?
  2. Gather information. What information is relevant to the decision? What are the different options available? What are the potential risks and benefits of each option?
  3. Analyze the information. Weigh the pros and cons of each option. Consider the different factors that are important to you and your stakeholders.
  4. Make a decision. Choose the option that you believe is best.
  5. Implement the decision. Take action to put the decision into effect.
  6. Monitor and evaluate the decision. Track the results of the decision and make adjustments as needed.

Inconsistent decision making creates eddy currents which halt the flow of progress. Keep a decision journal to improve decision making communication.

What is the MIQ you should be asking yourself?