As a leader, or even as a team member, we constantly have to make decisions. Great leaders understand the power of decision-making and learn to use this power wisely.
In simple terms, leaders should consider two methods of decision-making. Some decisions can be arbitrary decisions and others need to be calculated decisions. Knowing which type of decision making to use at a given time will help you be a better leader.
I know leaders who make very quick, instant decisions only to grow to regret them. (This leader being one.)
Here are 7 characteristics of each type decision-making process: