Management Tip of the Day: 3 Ways To Make Better Decisions

Mon Oct 11, 2010 5:11am EDT
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BOSTON (Reuters Life!) - The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and (http:\\ Any opinions expressed are not endorsed by Reuters.

"While individuals ultimately make decisions, organizations influence and shape the decision-making process. In fact, an organization can boost its employees' capacity for good judgment and improve the chances they will make sound decisions. Here are three ways how:

1. Examine decisions made. Upon completion of a project, ask teams to discuss which five things they would do again and which five they wouldn't. By reflecting on the decisions that went into the project, and their results, people can prepare to make better ones the next time around.

2. Be okay with restarting. When bad decisions happen, don't make everyone suffer the consequences. Start the project over so that people can learn from their mistakes.

3. Give people autonomy. People need space to make well-grounded decisions. When they are in control of the decisions, and responsible for the consequences, they are more likely to exercise good judgment."

- Today's Management Tip was adapted from "Five Ways Pixar Makes Better Decisions" by Tom Davenport.

<p>A man looks over employment opportunities at a jobs center in San Francisco, California, in this February 4, 2010 file photo. REUTERS/Robert Galbraith</p>