Why is it important to weigh the pros and cons when making a decision?
Weighing up pros and cons can speed up the decision-making process, improve your understanding of the situation, and help you avoid decision-making paralysis . Using a simple “pros” and “cons” list encourages you to approach your decision objectively, without letting your “gut feeling” impact your choice.
How do you weigh out a decision?
Weighing Your Options
- Step 1: Describe Your Problem or Situation. Write down what decision needs to be made.
- Step 2: Gather Information. Talk with people with knowledge about your problem or situation.
- Step 3: Brainstorm Solutions.
- Step 4: Analyze the Solutions and Choose One.
- Step 5: Implement Your Solution.
Would a Pros & Cons list work for this decision question?
A pros & cons list would work pretty well for one of the decision questions below, but not for the others. Can you pick out the one question that could work and explain why a pros & cons list might not work for the others?
What happens if your pro total exceeds your con total?
If your pro total exceeds your con total, go forward with the decision. Alternatively, you can subtract your con total from your pro total to create a score for your decision. In the above example, the score would be 15 – 10 = 5. Positive scores point toward yes decisions, while negative scores point toward no decisions.
What are weighted pro-con lists and how do they work?
Weighted pro-con lists enable you to indicate how relevant a pro or con is to your decision, by specifying a number to indicate a factor’s importance. The higher the number, the greater the factor’s importance. For instance, if deciding whether to buy time tracking software instead…
Do pros and cons matter when making unethical decisions?
People who weigh the pros and cons of a situation before making a decision are more likely to make unethical choices, a new study finds. The study was conducted by researchers from the University of Toronto’s Rotman School of Management.