Whether you are choosing schools for little ones, finding your future home or picking which business problem you want to focus on solving first, we make priority decisions all the time.
How do we do it?
Sometimes gut feel works, we just ‘know’ what’s right. Sometimes the decision is taken out of our hands. Sometimes it all just seems too difficult and yet still so important to get right. There are ways we can make the prioritising less subjective and more logical.
There are generally lots of factors to consider when buying a house. Location, price, layout, whether it has a garage, the number of bedrooms, whether it can be extended. The list is different for everyone and the relative importance of each item is different too.
Using a decision matrix can help. List the items that are important, maybe even weight their relative importance. You can then use a simple scoring system to assess each home:
|Price x2||Location x1||Bedrooms x1||Score|
|6 Station Rd|
|28 London Rd|
Whilst a home may be more a matter of the heart, the principle can be applied easily to business decisions.
Using a decision matrix in a group environment can be a great aid to change management and getting a team on board with why a decision has been made.
After all, you can’t argue with logic…
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