6 elements of a good decision

Here are Carl Spetzler's six elements of a good decision:

  1. The right frame--making sure you’re solving the right problem in the first place.
  2. Clarity about what you want. For example, are you trying to maximize shareholder value or just trying to stay alive and minimize damage?
  3. Creative alternatives.
  4. Gathering the right information, including information about uncertainty, which is essential if you want to choose the best alternative.
  5. Reasoning, which includes what you know and what you don’t.
  6. A commitment to make it happen, since a decision is no stronger than its weakest link.

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