If there is one thing that’s common to all business leaders, it’s the need to take decisions every single day of their life. Decisions that can change the direction of their company, that can impact the lives of people they lead and that can turn risks into immense rewards and a legal catastrophe with equal ease. The process becomes so ingrained that we don’t usually give it a second thought. But over the new year, I sat down and introspected on how exactly I make my business decisions, what were the drivers behind the successful ones and what did I learn from those that didn’t pan out as intended, and ultimately if there were any patterns that I could see in my decision-making behaviour.
The theory of Head, Hearts and Guts
One of my mentors told me few years back that experienced leaders use a balance of head, heart and guts while making their decisions. The more I delved into this, the more fascinated I became. Depending on the topic and context at hand, we may have used varying proportions of each of these ingredients in our decision-making, but a seamless blend of these has truly been a guiding light whenever I have stood at complex crossroads. It looks quite simple – use numbers, data, facts and logic while assessing your options, and most of us have been hard-wired to use this as the default tool. It’s also the most tangible to explain to others. But over the years, I began appreciating the beauty and relevance of the other two as well. The heart brings in empathy, and especially when dealing with people-related decisions. Empathy is fast-becoming a much desired leadership trait in these times of volatility. And then comes the gut – ultimately your instinct can trump your head and heart, especially when the comparison of your options leaves you even more confused than before!

The Power of Questions
One commonality I have realized in every decision-making meeting of mine is my constant drive to ask questions to my team. In many of these discussions, I may not be the most technically qualified person in the room. But as I ask more and more questions to my team, the analysis of what initially seemed a complex topic starts becoming clearer. Its akin to peeling an onion, layer by layer. And more often than not, if you keep asking the right questions, the mist around the ambiguity of the problem starts lifting and the viable options start emerging as if by magic, like a ray of sunshine peeping through dense fog.
Explaining the Whys
My experiences have also taught me that as a leader, its not just enough for you to take the decisions – its equally critical to explain the whys of those decisions to your team. This started dawning on me when I used to conduct townhalls for our entire country staff. I would often find myself going down the path of explaining many of the business, policy and people decisions that we would make as the leadership team, and that would leave me more confident and energetic at the end. When leading smaller team meetings on any business issue, I put all aspects of the problem on the table based on inputs from everyone. And then I would find myself thinking out aloud with my team on the analysis of our options, and ultimately end up discussing the rationale of whatever decisions we would take very openly with the team. I think when you do that, you make the team an integral part of the decision-making process, giving them clarity, confidence and comfort. Not everyone may agree with the logic, or the decision, but at least everyone knows why we did whatever we did. This can be a draining process and needs lots of energy every single time, but I think its as important as the actual decision that you make.
Making Peace
No discussion on decision-making is complete without bringing in the aspect of accountability. As leaders, we are ultimately accountable for the decisions we make. For me that’s stating the obvious. But what I learnt over the years beyond just taking accountability is how to make peace with your decisions. And as I got better at that, I found myself calmer in my mind and more confident in my head. As long as you know you took your decision based on all the inputs you could gather and by using the right blend of left and right brains – after that, the consequences are not in your control. There are so many externalities that come into play in the final outcome that fretting over things not in your hand will only add to your anxieties. And hence, I now use every decision as a learning opportunity as against a test of my leadership abilities, and that gives me peace to stay focused, take things in their stride and prioritize future over past. The ‘what-if’ gets replaced by ‘what’s next’!
While there is so much research on the art of decision making, I found one of the most impactful teachers to be the ability to introspect and learn from the real-life examples that we live through every single day.
All you need is an open mind!









