Master Decision Making with 227 free flashcards. Study using spaced repetition and focus mode for effective learning in Professional Development.
Sample card
What is decision making?
Decision making is the process of choosing a course of action from multiple options based on goals, evidence, and trade-offs.
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What is decision making?
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Why is decision quality important?
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What is the difference between a reversible and irreversible decision?
Decision making is the process of choosing a course of action from multiple options based on goals, evidence, and trade-offs.
Better decisions compound over time, improving outcomes, team trust, and resource allocation.
A reversible decision can be changed cheaply later; an irreversible decision is costly or difficult to unwind.
Fast decisions preserve momentum when the downside of being wrong is manageable.
A decision criterion is a standard used to judge options, such as speed, cost, risk, or customer impact.
A trade-off is the acceptance that gaining one benefit usually means giving up something else.
Analysis paralysis is a delay caused by overthinking options or waiting for certainty that will never fully arrive.
Satisficing means selecting an option that is good enough for the situation instead of optimizing endlessly.
A short written document that states the choice, context, options, evidence, and rationale.
Writing improves clarity, exposes weak logic, and creates a record for later learning.
Breaking a problem into fundamental truths and reasoning up from them instead of copying existing assumptions.
Thinking beyond the immediate effect of a choice to its likely downstream consequences.
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