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Decision Making
We use our decision making skills to solve problems by selecting one course of action from several possible alternatives. Decision making skills are also a key component of time management skills.
Decision Making
Just as people are different, so are their styles of decision making. Each person is a result of all of the decisions made in their life to date. Recognizing this, here are some tips to enhance your decision making batting average
Decision Making
Do not make decisions that are not yours to make. When making a decision you are simply choosing from among alternatives. You are not making a choice between right and wrong. Avoid snap decisions. Move fast on the reversible ones and slowly on the non-reversible. Choosing the right alternative at the wrong time is not any better than the wrong alternative at the right time, so make the decision while you still have time. Do your decision making on paper. Make notes and keep your ideas visible so you can consider all the relevant information in making this decision.
Decision Making
A significant part of decision making skills is in knowing and practicing good decision making techniques. One of the most practical decision making techniques can be summarized in those simple decision making steps: Identify the purpose of your decision. What is exactly the problem to be solved? Why it should be solved?
Decision Making
Gather information. What factors does the problem involve? Identify the principles to judge the alternatives. What standards and judgment criteria should the solution meet? Brainstorm and list different possible choices. Generate ideas for possible solutions.
Decision Making
Evaluate each choice in terms of its consequences. Use your standards and judgment criteria to determine the cons and pros of each alternative. Determine the best alternative. This is much easier after you go through the above preparation steps. Put the decision into action. Transform your decision into specific plan of action steps. Execute your plan. Evaluate the outcome of your decision and action steps. What lessons can be learnt? This is an important step for further development of your decision making skills and judgment
Decision Making
Decision making can be stressful. At times you take decisions with significant risk & uncertainty, & often without full information. Sometimes you have to trust or rely on others for making decision, but the responsibility is ultimately yours. There are situations that require painful decisions to be made.
Types of decision:
People can face situations which require different forms of decisions to be made:
Routine matters for which you have an established rule are called PROGRAMMED DECISIONS Decisions that require creative solutions are called UNPROGRAMMED DECISONS.
Rational model:
According to the rational model, the decision maker will strive to optimize, that is, to select the best possible alternative.
Escalation of commitment
Continuing a failing course of action . Substantial costs are incurred. Why? Optimism and control. Sunk costs
Problem solving:
The first step in problem solving is to categorize your problem. Categorizing problems help you see their nature, in terms of seriousness & how long it will take to solve them.
Types of problems:
Factual: factual problems have answers that are right or wrong. And you have to find the right answer. Operational: these problems are related to the systems, work processes, & technology. Tactical: these problems are often knotty, & require a great deal of analysis. Strategic: these involve decisions of the highest order. They are about organizations broadest goals. People: people problems are often easy & quick to solve.
Gather opinions:
Gather information from those who understand the situation best. Or who are the closest to the problem. Asking them about the root cause of the problem can provide you with helpful information. Also talk to people who are remotely connected with the situation--- people in other parts of the organization, or outside the organization
Brainstorm:
Its one of the most common methods for generating alternatives. Studies have shown that groups come up with better solutions than if you work alone. You have to follow certain guidelines while brainstorming:
Forbid critical comments Set a time limit Invite people from different fields Analyze afterwards
Evaluate decisions:
Listen to your intuition: you know things that havent reached your conscious mind. Your brain picks up evidence & signals from a variety of sources & wants you to be aware of its knowledge & conclusions. List the pros & cons Set & weigh criteria