A Process for Decision Making

Reading Time: < 1 minute

“Hard choices, easy life. Easy choices, hard life.” — Jerzy Gregorek.

https://tim.blog/2018/06/05/the-tim-ferriss-show-transcripts-jerzy-gregorek-and-naval-ravikant/

Processes allow us to design ideas into a workflow of actions that we can easily follow and implement. Instead of trying to figure out how to plan your finances for each and every month, for example, you would set up a budget and then you just need to compare your expenses against that budget each month – the process. This process will allow you to achieve financial goals, have financial stability, or save for retirement – whatever you desire.

This is an obvious creation and application of a process. But, what about the process of making decisions? Something we do every day. Wouldn’t we be more consistent at making the right decision if we had some kind of framework – a tool if you will? Our decisions are often clouded by emotions and outside influences like peer pressure that might mean that we DON’T make the correct decision for the given situation.

So, let’s start at the fundamentals and move our way up from there…

So, what do we need to make a good decision? We’ll need data – an input of some kind. Then we’ll need to know what outcome we are looking to achieve – the desired outcome that we hope our decision will allow us to arrive at. And then, we’ll need the part in the middle, the process. This will be the framework, or toolset, that we use to take the input and convert it into the desired outcome.

Next, we may need to define these three fundamental parts of the equation in a bit more detail.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *