Decision Making Process Part 5c – Identify and Analyze Your Alternatives

Many of us tend to think in a binary manner when it comes to decision alternatives. We think it is an “either / or” situation or “this or that”. This limits us to two options when in fact there may be more. Here are some methods you can use to expand your options:

  • Replace the “or” with “and”. For example, you may have started with “I either stay in my existing job OR change careers”. This can be replaced by “I stay with my existing job AND change careers”. This enables you to consider looking for different or additional responsibilities within your existing job or company. Try it with a decision you are now facing and see if it helps expand your thinking.
  • Remove both options. Then what? If your decision is “I either stay in an unhappy marriage or get divorced” and both options are off the table, you need to think about options to improve the relationship. Brainstorm ideas such as counseling, communication, empathy, etc.

Another consideration when making decisions is “opportunity cost”. Whenever you spend time and or money with or on something, that is time and money you are taking away from something else. For example, if you are considering upgrading your mobile phone for $700, think about what else you might do with that money that could be more satisfying. A trip? New clothes? Whatever it is, it will help expand your options and prioritize your alternatives.

If you can find someone who has solved your problem, seek them out. For example, if you are thinking of starting a consulting business, seek out others who have done this and learn from their experiences. This will help you avoid some bad decisions.

You can also look to others who had success with the alternative you are considering. You can seek online reviews for many types of decisions including purchases, places to work or live, contractors, stores, vacation spots, hotels and many more. These are valuable sources of information and should be part of your decision making methodology.

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