A short presentation about the decision-making process.

1. Elements that can affect
our Decision-Making
Process
Brazil
Business Strategist Roberto Lico
licoreis@licoreis.com.br

2. Research has shown that that
the typical person makes about
2,000 decisions every waking
hour.
It is important to mention that
most decisions are minor and
we make them instinctively or
automatically.

3. We need to be aware that
many of the decisions we
make throughout the day
requires some efforts
regarding thinking and
analysis since they can
have serious
consequences in our life.

4. Consistently making good
decisions is arguably the
most important habit we
can develop, especially at
work.
Our choices affect our
health, our safety, our
relationships, how we spend
our time, and our overall
well-being.

5. We are going to point out some
elements that can damage our
decision-making process.

6. Decision fatigue
Even the most energetic people don’t have endless
mental energy. Our ability to perform mental tasks and
make decisions wears thin when it’s repeatedly exerted.
To counter it, identify the most important decisions you
need to make, and, as often as possible, prioritize your
time so that you make them when your energy levels are
highest.

7. Lack of input
We need information to better decide and to analyze all
the outcomes. And when we don´t have enough time to
think there is a great chance of not acting according, as
well. And such two elements information and time are
fundamental for the whole decision-making process.

8. Multi-tasking
We should know that performance and decision-making
effectiveness are affected by up to 40% when we are
involved in more than two activities at the same period.
Based on that we need to be careful and keep focus when
deciding to avoid misunderstandings and misguiding.

9. Emotions
Experiencing frustration, excitement, anger, joy, etc., is a
fundamental part of the daily human experience. Such emotions
have a meaningful role in our lives and during our decision-
making process. That is why it is important to pay attention to
your emotional state and focus on the character strength of self-
control. Being able to build up self-control is an excellent way to
think more clearly and calmly.

10. Analysis Paralysis
While the Information Age has gifted us with an abundance of
information, big data, and metrics, there’s also no end to the amount of
information we can access. And we know that the more information we
have to consider, the longer we typically take to make a decision. While
the decision-making process should be thorough, the best way to make
good decisions is usually not to take more time or to look at more
information. Instead, review the pertinent information you need, set a
deadline to make a decision, and then stick to it.

11. A steady state of distraction
Many of us live in a continuous state of distraction from
all the available technological tools. We need to keep
focus when using them, choosing well its application in
our daily activities.

12. We need to be aware that our decisions shape our
relationships and professional outcomes during our life.
Inevitably, we all make some poor decisions every single
day. But if we are aware of these six enemies of good
decision-making, and take steps to outmaneuver them,
we can make better decisions that have a positive impact
on the people we work with and lead.

14. LRCL – Business Services Consulting
Roberto Lico – licoreis@licoreis.com.br

15. LRCL – Business Services Consulting
Information – licoreis@licoreis.com.br
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