“Planning” To Make A Decision?

Share

The longer I’ve been in business, the more I find that the words “planning” and “decision” are rarely used in the same sentence. And the business consequences of poor planning when making decisions are staggering. A decision gone wrong usually lasts for months or even years. The fact is, most businesses fail not because they didn’t make decisions, but because they didn’t make good decisions. Because there is so much at stake for your ability to make the right decisions, it is
wise to review the decision-making technique and decision-making planning process.

https://forbes.li/tag/pii_email_a8dc2b66be8fba94d194/

Planning allows you to make a decision on your terms and in a much more comfortable and intelligent way. It gives you time to consider different options without rushing at the last minute. Planning decision-making has four benefits: PLANNING ALLOWS YOU TO SET THE DESIRES GOALS. This means that you don’t focus so much on external events that have nothing to do with what you want to achieve.

Many decisions are made wrong because of the things that govern one’s life instead of becoming proactive decision makers. PLANNING PROVIDES A WAY TO MEASURE SUCCESS. The action plan is your mirror to measure how close (or far) you are to achieving your goal. This measurement is important because it can show you instantly when you are off course and need to make adjustments and corrections. PLANNING CHANGES “DOING” TO “GETTING”.

https://forbes.li/tag/pii_email_a8d58d2d9ae8eb22d57b/

Planning puts ideas, values ​​and activities into action. Planning is not the bottom line; It is the tool to turn the idea into a specific action or actions. Planning helps you translate your business goals into your individual goals and helps you achieve results. Remember that most companies pay you for the action, NOT the activity. the “get” that makes the difference.

A good plan is to always focus on what you want to achieve. Ask yourself: What are you “doing” now, “achieving” the results you are responsible for? PLANNING HELPS ALLOCATE YOUR RESOURCES EFFICIENTLY. Few companies have unlimited resources.

A good plan will help you get the most out of your resources. Remember that money is not your only resource. The resources you need to manage include people, tools, assets, and proprietary information. By reviewing your plan frequently, you can identify concerns before they become problems and shift available resources to address unexpected issues. Planning a decision is a perfect example of the Pareto principle: the idea that if you do 20% of the work, you can get 80% of the benefit if
does all the work.

https://forbes.li/tag/pii_email_a8c301c1ca943ea5c1d0/

Pareto Analysis is a formal technique for finding the changes that bring the greatest benefit. It is useful when many possible courses of action are competing for your attention.