Decision Making – A crucial Leadership skill
Decision making is the backbone of business management. It is possible when there are two or more alternatives to solve a single problem. Without taking the right decision at right time, nothing can be performed. So it is an important quality required for a leader.
Decision making – A crucial Leadership skill, Podcast with Ms.Gajalakshmi Bhuvanarajan.
She is a passionate HR professional, Training and developing people quotient, Transformational trainer, career coach and Motivator, a beautiful mother, now living in Singapore.
“Its our choice of decisions that determine the destiny of our life”- Gajalakshmi Bhuvanarajan
Some of the highlights in the podcast:
Organizational decision making is the key management concept, because it raises you up at the same time it may bring you down.
Why decision making is important in Leadership:
“Trust, Respect, confidence are the 3 core elements which support the entire leadership journey. You can’t give any training to earn these elements and it can’t be taught in any school. You can earn these core elements only by the choices of decisions you make in the organisation”- Gajalakshmi Bhuvanarajan.
She has shared one of her experiences in her professional journey ,how a rugged manager{looks like not a pleasing personality}earned these core elements and placed himself as a competent leader only by taking the wisest decision and stick into it.
Listen the podcast, to know an inspirational story about the decision making importance and the way to implement the same.
Act of decision making needs courage, self-confidence,belief in order to earn trust, respect and confidence
“If you don’t take decision at right time, it goes to the situation where you can’t go back and reverse” – Gajalakshmi Bhuvanarajan
Peter Principle:
She has given a valuable insights about the bad decisions and the impact of bad decisions and sharing Peter principle as example.
Peter Principle is promoting the person only for the years of experiences without evaluating their competencies.
“People leave managers, not companies” – Marcus Buckingham.
Sometimes, people who promoted through Peter Principle may end in Dunning –Kruger effect.
Dunning- Kruger effect: Cognitive bias in which people wrongly overestimate their knowledge or ability in a specific area. It usually tends to occur because a lack of self-awareness prevent them accurately assessing their own skills.
At the end of the day, it affects the organisation by affecting the employees.
“Good decision making in organisation is participative and democratic and Decision making is not a decision making skill alone. It implies organisation skills,planning skills, strategic skills having the influence to make the people follow” – Gajalakshmi Bhuvanarajan.
She has shared her own story about the impact of decision making in employee attrition, how their company send 75 employees out instead of 200 employees.
The decision which she had taken during the time is highly magnanimous which reflects an excellent quality of being a leader. She is a great inspiration to many people lives.
Tips to improve Decision making skills:
“Leadership is not taking right decision, its about taking ownership of the decision” – Gajalakshmi Bhuvanarajan.
When you take decisions in terms of using your mind or intuition, she advises ,” Use your intuition as a guiding force in decision making”
How?
She has shared many insights to improve your decision making skill,Listen the full episode to know the great pointers.
Relationship between mahabharat story and management techniques,Leadership,Strategies.
Know about VUCA in organisation & Leadership tricks for handling VUCA
