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Decision Making Skills

Please discuss the following:

a. How to develop appropriate skills?
b. What are good practices for decision making?
c. Peer choices: Pro's and Con's of choices.

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a. How to develop appropriate skills?

You can develop your decision-making skills by applying a decision making model to different problems. Or, you can take a work shop or course on decison-making. With practice, you can improve your ability to make sound decisions in all areas of your life - personal, financial and professional - because life involves many decisions and making the best choices consistently is the key to success (

Also see questions that facilitate decision-making at

b. What are good practices for decision making?

Problem-solving and decision-making are closely linked, and each requires creativity in identifying and developing options, for which the brainstorming technique is particularly useful. Making a good decision requires patience and careful thought.
Following a step-by-step approach can help.

Step 1: Define the Issue or Problem.

Size up the situation.
? Examine the problem thoroughly - look at it from all angles.
? Keep thinking - don't be satisfied with quick, easy answers.
? Avoid mistaking the problem's symptoms (for example, a shortage of money) for the problem itself (poor spending habits, too much debt, etc.).

Set goals and ...

Solution Summary

This solution discusses how to develop appropriate skills, identifies good practices for decision making and explores peer choices, including the pro's and con's of choices.