Harvard Business Review - HBR Guide to Making Better Decisions
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Arm yourself with the advice you need to succeed on the job, from the most trusted brand in business. Packed with how-to essentials from leading experts, the HBR Guides provide smart answers to your most pressing work challenges.
HBR Guide for Women at Work
HBR Guide to Being More Productive
HBR Guide to Better Business Writing
HBR Guide to Building Your Business Case
HBR Guide to Buying a Small Business
HBR Guide to Changing Your Career
HBR Guide to Coaching Employees
HBR Guide to Data Analytics Basics for Managers
HBR Guide to Dealing with Conflict
HBR Guide to Delivering Effective Feedback
HBR Guide to Emotional Intelligence
HBR Guide to Finance Basics for Managers
HBR Guide to Getting the Mentoring You Need
HBR Guide to Getting the Right Work Done
HBR Guide to Leading Teams
HBR Guide to Making Better Decisions
HBR Guide to Making Every Meeting Matter
HBR Guide to Managing Strategic Initiatives
HBR Guide to Managing Stress at Work
HBR Guide to Managing Up and Across
HBR Guide to Motivating People
HBR Guide to Negotiating
HBR Guide to Networking
HBR Guide to Office Politics
HBR Guide to Performance Management
HBR Guide to Persuasive Presentations
HBR Guide to Project Management
HBR Guide to Setting Your Strategy
HBR Guide to Thinking Strategically
HBR Guide to Work-Life Balance
HBR Guide to Your Professional Growth
HARVARD BUSINESS REVIEW PRESS
Boston, Massachusetts
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Copyright 2020 Harvard Business School Publishing Corporation
All rights reserved
No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise), without the prior permission of the publisher. Requests for permission should be directed to , or mailed to Permissions, Harvard Business School Publishing, 60 Harvard Way, Boston, Massachusetts 02163.
The web addresses referenced in this book were live and correct at the time of the books publication but may be subject to change.
Library of Congress Cataloging-in-Publication Data
Title: HBR guide to making better decisions.
Other titles: Harvard Business Review guide to making better decisions | Harvard business review guides.
Description: Boston, Massachusetts : Harvard Business Review Press, [2020] | Series: Harvard Business Review guides | Includes index. |
Identifiers: LCCN 2019029435 | ISBN 9781633698154 (paperback) | ISBN 9781633698161 (ebook)
Subjects: LCSH: Decision making. | Problem solving. | Industrial management.
Classification: LCC HD30.23 .H388 2020 | DDC 658.4/03dc23
LC record available at https://lccn.loc.gov/2019029435
ISBN: 978-1-63369-815-4
eISBN: 978-1-63369-816-1
Youre hiring a vendor, and out of the handful of candidates youre considering, youve narrowed it down to two. One can do the work fast, but at a high price tag. The other is cheaper, but would require a few additional weeks. Speed would certainly impress your boss, but the higher cost would use most of your budget. How do you decide?
Youre faced with a litany of decisions at work every dayfrom hiring choices to prioritizing projects to making strategic decisions for your company. And even seemingly straightforward choices can be challenging. Unconscious biases, time pressure, and conflicting data can all add complexity to your decision-making processes, and it can be difficult to sort out how to make the right trade-offs and choose the best path forward.
But there are ways to improve the way you approach your toughest choices. This guide provides tips and tools to help you generate better ideas, evaluate your options more fairly, and make the final call, so you can come to the best decision more quickly and confidentlyand ensure it sticks.
Youll learn how to:
- Avoid the psychological traps that can interfere with making smart choices
- Define clear decision-making roles for team members and stakeholders
- Ask questions to reframe your problem
- Generate ideas using top-down and bottom-up thinking
- Apply design thinking to your brainstorming process
- Balance data and intuition to narrow down alternatives
- Make appropriate trade-offs when comparing options
- Assess risk using a quantitative approach
- Decide confidently, even if youre short on time
- Overcome analysis paralysis
- Communicate your decision to stakeholders and be transparent about your process
- Respond productively when people second-guess your choice
- Correct course when youve made a mistakeand learn from it
Why decision making is so hard.
Understand the misperceptions and biases that cloud your judgment.
BY JOHN S. HAMMOND, RALPH L. KEENEY, AND HOWARD RAIFFA
Identify who needs to be involved and in what ways.
BY PAUL ROGERS AND MARCIA BLENKO
Seven steps for making stronger choices consistently.
BY ERIK LARSON
Encourage open, candid dialogue.
Ask questions to look at the problem in new ways.
BY HAL GREGERSEN
Use both top-down and bottom-up thinking.
BY TONY McCAFFREY
Question, care, connect, and commit.
BY WARREN BERGER
Youll come up with more creative options.
BY FRANCESCA GINO
You have a higher chance of making the best decision.
BY SHANKHA BASU AND KRISHNA SAVANI
There are pluses and minuses.
BY CHRIS CHARYK
How to compare options when you have apples and oranges.
BY JOHN S. HAMMOND, RALPH L. KEENEY, AND HOWARD RAIFFA
Be selective about the information you need.
BY TANYA MENON AND LEIGH THOMPSON
A quantitative approach for strategic choices.
BY LUKE BENCIE AND SAMI ARABOGHLI
Questions to ask in the gray areas.
BY JOSEPH L. BADARACCO
)
Consider your expertise level, decision type, and time available.
BY CONNSON CHOU LOCKE
Focus on making the choice turn out right.
BY ED BATISTA
Know which decisions are worth spending time on.
BY THOMAS H. DAVENPORT
Notify the right peoplein the right way.
Earn a reputation as a fair manager.
BY LIANE DAVEY
Ensure your decisions stick.
BY ROBERT M. GALFORD, BOB FRISCH, AND CARY GREENE
How to move on without regret.
BY CAROLYN OHARA
Outline a plan in advance.
BY BOB FRISCH AND CARY GREENE
And get people to accept your choice.
BY DAVID MAXFIELD
Act fast and communicate lessons learned.
BY DORIE CLARK
Whether you have 2 weeks or 20 minutes.
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