Effective leadership requires adept decision-making skills as defined in an article from the Corporate Education Group. The choices of leaders and the outcomes of those choices determines how successful a company will be. This requires the leaders to possess knowledge, experience, and intuition, as well as a process to define the problem and to form and implement the most expedient course of action that resolves the problem with minimal undesirable outcomes.
Based on the article, here are five steps in making strategic decisions:
- Determine the problem, its cause, severity, urgency, and the outcome that is expected.
- Gather information on the probable causes of the problem; glean facts, data, constraints, and scrutinize the problem.
- Develop and evaluate viable options that can serve as solutions.
- Consider carefully the gathered information, then choose the best course of action.
- Implement and monitor the decision wherein resources are identified and allocated, communication strategies are developed, and the process of solving the problem is undertaken.
Leaders must be able to make effective, timely, thorough, and practical decisions; these skills are needed to formulate sound and most well-suited decisions for daily operations and strategic planning.
To hone your strategic decision-making skills, you are required to follow an established methodology and solid organizational approaches. You also need to liberally impart critical, logical, and rational thinking skills to come up with strategic decisions. This is necessary for different industries including healthcare; it is indeed intersectional across industries.
It does not matter if your organization is big or small, you will have the empowerment to deal with problems with profound skills and dexterity through your developed strategic decision-making skills. You will be able to make decisions and come up with solutions that will create optimal results with little to no room for mistakes and that will subsequently lead your organization to clinch success.
Strategic decision-making is necessary for all kinds of organizations including healthcare. When you enroll in the eCornell Strategic Healthcare Leadership program, you will be equipping yourself to make better decisions that solve problems at the right time and in the right way.
eCornell courses are approved by SkillsFuture Singapore for SkillsFuture Credit as well as by HRDF Malaysia under its SBL Scheme.