The Three Pillars Of Wise Decision Making For Professionals In Leadership Roles

Business leaders today go through an extremely difficult time thanks to the various social, ethical and environmental dilemmas they face during the course of their careers. The fact, that a majority of these professionals are not trusted to deliver the desired results despite their best efforts, further complicates things. Thankfully, there is something that business leaders can do to make their life somewhat easier while also making a positive contribution towards building a more sustainable and legitimate business organization. For this, the business leaders need to evolve from being smart decision-makers into being wise decision-makers. According to the experts from the best recruitment company Germany, this single change can help the top professionals to address modern business challenges in a holistic manner and also turn them into great leaders.

What Is Wise Decision Making

It is a common perception that smart decision making and wise decision making are one and the same thing. However, while smart decision making helps professionals in leadership roles to create and capture economic value, it does not equip them to deal with the complexities of modern business. On the other hand, wise decision making helps professionals to become well-prepared to handle modern business challenges in a comprehensive manner besides creating and capturing economic value for the company. The details of the three pillars that define wise decision making are discussed below.

Self Leadership

While a majority of business leaders tend to be smart problem-solvers, only a few of them reflect on their own experience and thought process. They lack the ability to cancel or go ahead with a decision when faced with counter-evidence or risks associated with the same. Most such professionals also lack the ability to balance self-confidence with decision-making or engineer mechanisms that can help them overcome any personal or professional bias. Most importantly they overlook the need to involve diverse and qualified stakeholders in the decision making the process. In order to overcome these drawbacks and evolve into wise decision-makers, business leaders need to first learn the art of self-assessment. They should be able to easily describe their personal missions and their strengths and weaknesses, which can help them overcome various dilemmas.

Motivational Drivers

Most leaders are driven by the concepts of service, virtue, and entrepreneurship, which they feel is enough. However, they often lack the most critical aspect that drives good leadership, namely self-sacrifice. This makes them overlook the significance of sovereignty over service, value over virtue and execution over entrepreneurship. In order to develop the skill of wise decision making, the leaders first need to learn about self-sacrifice and its significance as a motivational driver. This enables them to work towards fulfilling organizational goals without worrying about personal benefits.

Seeking Feedback

In order to become self-aware and develop their leadership potential, top-level professionals need to seek pro-active feedback from their peers and even juniors. The experts from the top executive search agency Germany believe that leaders following this practice tend to be more mindful and reflective besides which it has a deep positive impact on their decision-making capabilities. Seeking feedback about their attitudes and behavior helps these professionals to improve both as a person and a leader.