March 04, 2011

Leadership: The Art of Decision Making

In a 2006 Teradata survey, 71 percent of 1,200 leaders stated that poor decision making is a serious problem. If leaders were asked in 2011, they would continue to say that decision making is a serious problem.

Effective leaders know that decision making is both art and skill. It includes selecting the method of decision making, preparation, process, and communication.

The method:
Before engaging in a decision making process, leaders need to define for themselves and for the organization the method of decision making they will use for any given issue.

This clarity speaks to the art of decision making. Leaders may utilize autocratic, consensus, democratic and consultative methods to address an issue. There are appropriate situations for each method with both advantages and disadvantages.

Read Full Article Online »

« Return to Business Articles