Approach to Decision Making

What is your approach to decision making? Is it the same as your team’s approach?

An individuals’ risk-taking propensity, biases with money, need for control, and speed at which to operate will have profound impacts on their approach to business decision making. There are behavioral biases for these, and these can all be measured, at scale, for an organization.

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Risk-taking at work:

Business DNA assigns each individual with a Risk-Taking number on a 0-100 scale as well as a Business Decision Making Group Allocation on a 1-7 basis. These scores are determined based on the blend of an individual’s natural behavior Risk Propensity and Risk Tolerance, which have been measured in your Business DNA Natural Behavior Discovery. Understanding your employee’s natural behavior around risk can help you make better decisions by weighing their propensity toward high risk or high caution with the proverbial “grain of salt” and give some context for how proposals and decisions are considered and presented. By making risk behavior more transparent, it can be better discussed and addressed based on the decisions that are needed for the team and organization.

Work Talents Report Displaying Employee Performance Keys and Approach to Decision Making

How Risk Plays into Budgeting in the Workplace:

Budgeting (financial behavior): Some people are inclined to use more mental accounting and instinct rather than careful attention to precision and detail. Do you know which kind of person is responsible for your finances? Can you see where having that insight may help you weigh recommendations and decisions better for the outcomes you need and want in your business? While being instinctual may not disqualify you from being a good accountant, when signing a deal, you will likely want someone who has reviewed each detail and ensured the accuracy before committing to a course of action.

Taking Charge in Conversations:

The Business DNA packages and DNA API both measure 200+ behavioral insights including how individuals approach decision-making such as the Take charge and Cooperative behavioral insights:

Take charge individuals to tend to want to make decisions and move on, they may not take time to understand the impact of the decision on the group or in the bigger picture because of the comfort they have in coming to a decision. It may be good to know if you have a leader who is more comfortable making decisions or one who tends to be more group-oriented and prefers to allow others to weigh in before coming to a decision or conclusion. Each style has its benefits, so knowing how your team is wired can help you call on the right people for each decision to be made.

Looking for a Coach to discuss your Team’s Approach to Decision Making?

Starting with the measurement of 200+ behavioral insights, coaches in the DNA Coach Network work with leaders looking to measure and increase their team’s decision-making aptitude.

Leadership Behavior DNA Book

A Platform that Helped Write the Book on Leadership:

Grounded in statistical research and supported by data from millions of clients and more than 45 years of workplace experience, Lee Ellis and Hugh Massie reveal their personal stories and how they’ve successfully helped organizations achieve their goals by applying practical insights on human design.