Facing Difficult Decisions Because of High Complexity?
Today’s rate of change and uncertainty makes wise decisions difficult to identify.
With limited money, time, and effort even small decisions can feel more like a gamble than solid footing.
Our article 5 Ways to Stack the Odds in Complex Decisions presents a set of simple ideas for decision makers.
Our clients have told us these ideas unburden them while giving common sense ways forward.
Below is an excerpt of the full article, including the first of the ideas. If you’d like to read about the others, just provide your email address and we’ll send you a copy!
5 Simple Strategies to Make Clearer Decisions With Less Risk
Business decisions are a gamble of sorts, let’s learn how you might just stack the odds in your favor!
When we can make better decisions, we reduce anxiety, and can stay relevant in a rapidly shifting environment.
Today the speed of business is fast and getting faster. There’s so much information out there, and SO many options, that it’s often hard to see a path forward to make changes to grow your business. Do I pivot? Do I persist? Do I A/B test? Do I open a pop-up shop, do a re-org, a rebrand, hire consultants? How do I decide? And how do I know my choice will be relevant in a week? A month? a year?
It can be paralyzing just trying to understand what you’re deciding on, let alone making the decision!
Easy on the Wallet. When uncertainty is high, small bets buy information that is valuable.
The less we know in a situation, the less we should commit. Our choices must be affordable in money, time, and effort. When change efforts are inexpensive, we can afford many of them. Inexpensive things also tend to be smaller and easier to implement, so we can learn faster. Even when we get unexpected results, if we’re not spending a ton of resources and time that information can be immensely beneficial.
When uncertainty is high, small bets buy information that is valuable.