Avoid the Pitfalls of Decision Making

Mistakes are unavoidable but we can avoid making “dumb decisions.” There are things that all people with different kinds of intelligence do to themselves that lead to these dumb decisions.

One classic mistake is overthinking. Intelligent people often make the mistake of over analysis. Especially as a leader we will have both external and internal pressure to make the right decision. More than like there is no way for us to turn down the external pressure, we can only control the pressure we put on ourselves.

No one will ever make the right decision always—so we must stop putting that pressure on ourselves. We will make mistakes, but we are prepared for that. Don’t over analyze your every move or you will paralyze your decision-making ability.

Something we can do to streamline decision making is to make small decisions and often. The further we put off making single, small decisions the more they grow into monsters pending on our to-do list. In business and often in life decisions have a due date. Keep up with the small ones to avoid to-do list full of monsters on down the line. Additionally, making a bad decision on a small matter is more fixable than the alternative.

Not making a decision is also a decision and getting caught in that feedback loop can be dangerous.

Leadership Styles

The Globe and Mail did a study on the leadership styles of Trump vs Clinton. The Victor crew is not endorsing any candidate but thought this was an interesting study between these two.

Here is a short synopsis:

Clinton: tough; resilient; much planning and research; extensive contacts and network of influencers; scratch-my-back-and-I’ll-scratch-yours attitude; methodical; competitive.
Trump: strong; tough; demanding; bottom-line show-me-results attitude; get the job done; focused; direct and decisive; action over planning; uses whatever is available to achieve the goal; competitive.

Management Style
Clinton: demanding of her staff; needs details; delegates execution, but not strategy; surrounds herself with experienced and influential people; while trusting, she demands loyalty and dedication.
Trump: big-picture management; tells what he wants achieved, shows the resources, now do it; delegates execution and strategy, then waits for results; surrounds with hand-picked people for their qualifications, but are there for their record and ability to get things done; you need to earn his trust.

Clinton: research-and-planning managager uses her advisors and network to decide; decides by consensus, reserving her rights to change; takes time to decide with confirmation from her advisors.
Trump: No problem with decision-making; seeks advice since he knows he has no political experience, but goes with his gut feeling.

Clinton: bases negotiations on facts and figures with help of aides and assistants; staff helps from beginning to end; stability and previous decisions are key; focus is long-term
Trump: does his homework through staff research and intelligence gathering, but takes charge of negotiations; staff prepares him, he closes the deal; will celebrate a win with the team but wants to win and move on; long-term important but short-term is priority.

Clinton: careful with words; prioritizes professionalism and showing she’s in command; hides emotions in public; stress builds over time and bursts out in private.
Trump: direct, tells-it-like-it-is, focus on the heart of the matter; alienates people with his style and choice of words; behind closed doors he is respectful and will compromise to achieve objectives; emotions are not hidden; pressure doesn’t build because he releases both publicly and privately.

Read the full article.