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The right decision making usually starts with brainstorming of all possible solutions and gathering information. Essential point will be setting a time scale (deadline) and deciding who is responsible for the decision. Next step is evaluating the risks involved and consequences, analyzing the pros and cons of each action. Here you might need more techniques which you can find in links below. After that you can be ready for actually making your decision.
Why do we sometimes take wrong decisions? There are several reasons for that. First of all, it could be simple laziness, when we don’t want to search and analyze the information needed and rely instead on wrong ‘signs’. Sometimes hesitation can stop us from making any kind of decisions and results in wasted time and regrets. Dependence on partner or society may not let us act independently and make our own choice. Among other reasons there are absence of plan ‘B’, attachment to the past, isolation (in thinking, communication) and when we have too many unnecessary thoughts that blocked our thinking.
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More useful techniques with their explanations you can find following these links:
http://www.businessnewsdaily.com/6162-decision-making.html - Decision-making tools and techniques
http://pivotallabs.com/6-decision-making-techniques-product-managers-know/ - more techniques with explanation how and when to use it
Don’t be afraid of making decision because you’ll never really loose in this process.