Any decision better than no decision?

More and more I am beginning to believe that “a wrong decision taken in time is better than no decision taken at all, or sometimes even a good decision taken later”. Of course, no one makes a wrong decision conciously, however the degree of confidence on a decision yielding results could sometimes be less. In such situations, do we simply postpone making the decision, waiting for more inputs that would help us make a better ‘informed’ decision, or should we go ahead with what we information we have? Of course, the simple answer is – it depends!!. Depends on the enormity of the decision and the timeframe within which new information will be forthcoming. However, organizations that stay in this prolonged state of ‘indecision freeze’ leads to a general lack of trust on management and loss of productivity and degeneration of morale. So, irrespective of the enormity of the decision, there is an absolute cut-off before which a decision MUST be made. I wish there was some kind of magic formula that lets you derive this timeframe based on certain inputs? I found the following quote from this article very relevant to decision making – “Do not measure whether a decision is correct by the outcome because we cannot control the consequences, we can only control how well we look at the problem or opportunity”


  1. Anonymous said March 9, 2006, 12:03 pm:

    Excellent post Ganesh – Decision making gets to the heart of management and timely decisions are very important. I am not sure there is ever a time you have all the information you need to make a proper decision, which is why management is so hard. The Management Craft blog you have pointed to seems an excellent one.

  2. Anonymous said March 14, 2006, 2:35 am: