Appropriate Business Decision Making

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When you get to know your style well, you will get the opportunity to invite others with different styles in the decision making process to create innovative decisions. The following are 7 decision making styles that were coined by Jeffrey Shinaberger. Which is your style?

Collective Reasoning

People with a collective reasoning style like to collect various opinions before deciding. This person will need group consensus and ask people for guidance before moving on. Decision makers of this type are people who really believe in democracy and are happy to vote.

Decide based on Data (Data driven)

Every decision taken by a data driven decision maker must be based on data, reasons, and research results, especially figures. They will research, organize, and consider everything before moving forward. The more information collected, the greater the possibility of getting the expected results.

Gut Reaction

This type of decision maker will depend on your feelings to make quick decisions. They are not afraid to take risks and walk with confidence. Decisions are usually emotional, based on instinct, and difficult to predict. Their focus is on the present.

List Approach / List Making

Decision maker with list approach type only steps after considering the prospects and consequences of each decision making systematically. The list of research they have done will increase their confidence and inspire them to plan for the future.

Each decision will start with a piece of paper and a line drawn from the top down before making a list of prospects and consequences. They can see from all aspects and will not choose before considering every option available.

Spiritual Guided

Approach yourself to God or spiritual beliefs and listen to ?? the sound ?? with the readiness of the heart is the process undertaken by a decision maker who is led spiritually. Spiritual activities such as prayer, solitude, and pilgrimage are their key methods of making decisions. Before making a big decision, they will go away from others or work for some time to pray or meditate to ask for enlightenment on how to proceed. They will not go further until they get enlightened or desired problem.

Living a Story (Story living)

Story Living Decision Maker makes decisions based on stories they can tell later on. They want to go to new places, try the impossible and tell the world. For them, an interesting holiday is to climb Mount Kilimanjaro today with three friends who were met yesterday on Twitter. They are the type of people who can stay up all night talking.

Passive and Doubtful (Passive Undecided)

People with a passive and hesitant mentality are happy to move forward with any decision as long as they are not. They avoid conflict by choosing to follow others. For them other people's decisions are the best in any situation.

After knowing the seven styles, can you decide on a style that suits your daily decision making? Have you been surrounded by people with different decision making styles to help decide what is best for you and your company?

Well, for those of you who want to make decisions easily, especially in business finance, you need a more accurate financial report . With financial reports with detailed and accurate data, you can easily make decisions more confidently. However, before that also note that your financial statements already have accurate and detailed data, and include all the information needed for decision making .