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DEVELOPING YOUR DECISION MAKING SKILLS
Transcript of DEVELOPING YOUR DECISION MAKING SKILLS
Decision making is the process of identifying and the selecting alternatives based largely on the preferences of the decision maker.
Developing your Decision Making
OVERCOMING BARRIERS TO DECISION MAKING
Attitudes and gut-level feelings and thoughts guide your decision making.
DECISION MAKING STYLES
At various points during the process, different issues must be decided.
We often use a combination of styles that can further complicate the decision-making process.
DEVELOPING YOUR DECISION MAKING SKILLS
Strategize your game plan
There are always choices to be considered and your decision is one that best fits your goals, lifestyle, values and past experience.
Decisions are evaluated by their probability of success or effectiveness. EVERYBODY MAKES DECISIONS EVERY DAY.
Some are as simple a selecting a movie or picking out a new pair of shoes-----Others like choosing a career, selecting a life partner or whether to have children - have bigger consequences.
If you are aware of your
attitudes and habits
, you can enhance your daily effectiveness.
IF YOU BELIEVE YOU CAN, YOU CAN!
If you have a
, it will have an effect on your outcomes.
Many people make decisions with limited knowledge or little sense of personal responsibility. You function on automatic pilot without considering the consequences.
, is the key to reaching your goals.
Typically the planning and intuitive styles are the most effective. The others contain a hint of fear, fear of failure, fear of imperfection, fear of rejection, fear of ridicule. Such fears are based on "internal factors" related to your attitudes and self esteem.
"Weighing the facts." Considering values, objectives, necessary information, alternatives, and consequences; a rational approach with a balance between thinking and feeling.
"Don't look before you leap." Little thought or examination: taking the first available alternative.
"It feels right." Automatic, preconscious choice based on inner harmony.
: "Anything you say." Nonassertive; letting someone else decide; following someone else's plans.
"Cross that bridge later." Procrastination, avoidance, hoping someone or something will happen to avoid making a decision, postponing thought and action.
"It's all in the cards" What will be will be: letting the environment decide: leaving it up to fate.
"What if?" Worrying that a decision will be the wrong one: getting lost in all the data: overwhelmed by analyzing alternatives.
"Can't face up to it." One step further than "what if" - complete indecision and fear; accepting responsibility but being unable to act on it.
"Playing it safe," Choosing the alternative with the lowest level of risk.
When you feel stuck or unable to make a decision, try asking yourself the following questions:
What are my assumptions (attitudes) affect my decisions?
What are my feelings regarding these decisions?
Why am I clinging to behavior that prevents me from making this decision?
What further information do I need in order to generate alternatives?
What are my
If you could only make the one right decision -everything would fall into place.
Decisions are not Black & White in terms of consequences - they just move you in one direction or another.
Decisions open up some options and close off others.
What are my
Some people create unnecessary stress about making decisions because they give themselves
Neither option really feels right, but they panic and make impulsive decisions to ease the anxiety.
When feeling pressured or paralyzed - step back - take a few breaths - then generate additional alternatives.
Sometimes speak to a friend, counselor, skilled listener.
IF you begin self-doubt or regret about past decisions, remind yourself that you made the best decision you could, given the time, circumstances, and information available.
Why am I clinging to this
Acknowledging that you are causing this indecisiveness may generate a different point of view.
EG. People sometimes cling to old nonproductive behaviors because they are the safe ways to act; they don't have to deal with the unknown or the possibility of making mistakes or taking risks.
It is important to recognize when the old, comfortable ways of doing things no longer provide the payoffs they once did.
Everyone is a risk taker - to some degree.
Risk taking means moving from the safe and familiar to the unknown and scary.
Most of us are fairly conservative risk takers - want 50-50 odds before we jump in.
But millions of people play the lottery, start businesses and get married when the odds are clearly not in their favor. Why? (pg.145)
do I need in order to generate
Most people paralyze themselves with this "worst possible consequences" thinking, decide not to take the risk, and consequently feel trapped.
What they haven't done is generate other possible outcomes that re more probable and more desirable.
WHAT WOULD BE SOME EXAMPLES OF THIS?
Many people still miss opportunities because they fail to generate and assess all possible outcomes.
Sometimes the process needs the assistance of another person who can help identify negative or limiting thinking, as well as some realistic and positive outcomes.
Risk involves being
to your decisions, but staying
in your approach...
Conditions for Change
Decisions provide an opportunity to experience life in new ways, to learn and find out who you are and what you would like to do.
Each path is filled with opportunities.
By making good decisions, renewal and growth are with your reach.
By engaging in affirming self-talk, positive change is possible.
3 Conditions must be present to trigger change:
You must be dissatisfied with what is.
You much have a concept of what would be better.
You must believe that there is a way to get there.
This whole process rests on the premise that the benefits of the change outweigh the costs of making the change.
help you believe that change is possible.
The following questions relate to obstacles that may be interfering with the achievement of your desires:
How much determination do you really have if your preferred job is not readily available? How willing are you to take a reduced salary, move to a new location, or consider a new career path?
What identity would be threatened by achieving your goal? For eg. would a better job make you too independent or enable you to earn more than your mate? Would it demand more time, giving you less time as mother, husband, or partner?
Do you secretly feel you don't deserve to attain your desires?
Are you proving to anyone else that you can change?
Is the work, concentration, and time worth it to you?
Are you following all the decision-making steps suggested?
Is it what you really want?
Managing Your Financial Resources
Planning and budgeting are essential to future savings. Making decisions about your finances is very important.
Setting Financial Goals
Insurance & Health needs
Setting Financial Goals
Have a Vision
Knowing your financial needs/month
Recognize & budget short term monthly goals for the entire year
Enables you to set medium-range goals for the next one-three years.
Medium range goals
- vacations, savings, electronics, new clothes.
- new car, home or special purchase
Planning is essential to future savings
Must have a clear vision & a positive affirmation to money aside at the beginning of each month-well before you are tempted to spend it.
Make saving money a habit - goal should be setting aside at least 10% of your income every month.
Make a Budget
Plan on saving money
Choose something to save for
Decide on your priorities
Make saving Automatic
Very few people use cash to fund all of their expenses. At some stage you will find yourself borrowing money - for education, car, mortgage, furniture. Doing so carefully and responsibly builds your repayment history and a strong credit rating.
Credit cards are easily obtained, but they carry the most risk. Best way to manage is to pay the entire balance at the end of each month.
The concept of buying it now and paying later is a risky trap. The plastic card should be viewed as stop sign that continually blinks at you "Caution-Danger Ahead".
SPEND ONLY WHAT YOU CAN PAY BACK THIS MONTH
to avoid the high interest rates.
If you take the "easy" credit road, you will find yourself paying endless high-interest charges.
Think critically about your priorities - what you need now - what can you put off till later when you can pay for it.
MANAGE YOUR CREDIT CARDS
Avg. Household Credit Card Debt
Insurance and Health Needs
Insurance helps individuals meet unanticipated events and obtain necessary health services.
If you don't obtain all the insurance and health coverage you need when working - then the costs become part of your monthly budget.
Types of Insurance
Living within your means often takes strong discipline and a willingness to establish limits to what you spend.
Most financial experts and self-made millionaires indicate the the fastest way to accumulate wealth is to live
Stop comparing and competing for the newest, best, most expensive purchase. Make your goal to live lightly. Simplify and challenge yourself to downsize. This will ensure your financial security and resiliency in tough times
It takes a special effort to make a careful list of your monthly income and expense activities, but this is the most essential and useful action you can take to keep track of your spending habits.
Budgeting feeds directly into financial independence and allows you to take that vacation and avoid high-interest payments.
Stick to your budget and don't overspend.
Try to reduce your expenses.
Treat yourself periodically, but within reason.
Pay off credit card balances every month.
Cut your taxes.
Appeal your home assessment.
Don't count on windfalls.
Record your expenses.
Make a budget.
Plan on saving money.
Choose something to save for.
Decide on your priorities.
Make saving automatic.
Watch your savings grow.
Tips on Budgeting