SAST Wingees

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”