Preface: What will you do on Monday that’s different? The Drucker Institute provides elint business knowledge in its Monday Maginze edition. Click the Monday Index link to access.
Issue #15 | January–February 2017
THE FINE ART OF MAKING THE RIGHT DECISION
A decision, wrote Peter Drucker, “is at best a choice between ‘almost right’ and ‘probably wrong’—but much more often a choice between two courses of action neither of which is provably more nearly right than the other.”….
Drucker proffers his own seven steps for making choices successfully:
• Determine whether a decision is even necessary.
• Classify the problem. Is it common or unique?
• Define the problem. What is this situation really all about?
• Decide on what is right. That is, make the right kind of compromise.
• Get others to buy the decision.
• Convert the decision into action—that is, make it somebody’s work assignment and responsibility.
• Test the decision against actual results.
But, as wise as Drucker’s advice is, many highly effective people have their own tricks of the trade for making good decisions. Here are eight of them, used by a remarkable group of leaders—from business, the social sector and government—to help steer you through the most difficult stretches……..