5 Levels of Decision Making

Leaders make solid decisions and commit to seeing them through. Losers put off decisions and mess around with them once they are made. A key skill in becoming a successful leader is the skill of decision making. It is surprising how many people don't like to make decisions. They do all kinds of things to keep the moment of decision at arms length including: gathering more data, talking to more people, not thinking about the decision, fretting over who the decision might offend, worrying about the resources needed to pull the decision off, hoping the problem will go away on its own, etc. Good leaders develop the skill of making the best decision possible with the most accurate information possible in the timeliest manner. They are quick to decide and quick to take responsibility for their decisions - positive or negative.
Successful leaders have learned that action is vital. They know procrastination kills. There live with the reality of consequences and know there will always be uncertainty in decisions. No one can see all possible ramifications; no one can predict every contingency; no one can absolutely prevent failure. Leaders know that failure is not final, ratherit is a learning opportunity. The real danger surrounding decision making is not "will I make the wrong decision" but "did I make the best decision possible given the facts and circumstances". Strong leaders will always recover from poor decisions - they learn and become wiser. But losers mess around and miss opportunities. And once they finally make a decision, chances are their decision will have little momentum and no passion.
In addition to a bias for action, good decision makers approach decision making with some foundational strategies. These strategies can best be summed up with three questions:

QUESTION # 1. Is there a potential catastrophic downside?
If the liability involved is significant, and is even marginally possible, then the decision is "no, go find other options." One of the leader's most important jobs is to protect the organization. Exposing the organization to undue risk is never wise. CEO