Skip to main content

Decision Making

Successful organisations disagree then commit to their decisions after mitigating risk by setting up subsequent decision triggers in advance to take corrective action when reality does meet expectations.

Every decision is a bet on the future, even if made unconsciously.

Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom - Viktor Frankl

How Not What

How you decide have more value than what you decide.

Making incorrect decisions is inevitable and good decisions can still lead to bad results. There is no choice on fate but it is a choice to have the discipline to document each decision process knowing that what gets documented gets improved.

Decentralised Governance

The power of DAOs are that decisions have an immutable transparent history.

So the act of how to decide needs to be considered process map more to help reach rough consensus.

What Next

Balance purpose with priorities. Use automation to combat decision fatigue and focus on what matters most.

  1. What is is the best use of your time and energy?
  2. Do you believe expected outcomes are possible?
  3. Have you calculated that projected outcomes are worth the effort?
  4. Are those outcomes aligned with your value system?

Decision Types

One way or reversable?

Outcomes

  • Strategic decisions
  • Placing competitive bets
  • Routine choices and judgments
  • Improving KPIs

Influence

  • Personal
  • Operational
  • Organisational
  • Policy

Automation

  • Ad-hoc
  • Documented
  • Programmed

How much are are you willing to bet on risk vs reward?

Checklists

Are you asking the right questions?

  • Standardised
  • Consistent through discipline

Gather facts, known risks, inputs and volatilities.

Schedule time for deep work.

Develop decision tree options to compare relative value using a standardised process.

Weigh decisions against your cognitive biases.

Resources