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How Good Is Your Decision Making (Lecture)
How Good Is Your Decision Making (Lecture)
Decision Making?
• Solution 1?
Problem • Solution 2?
• Solution 3?
Decision-making is the most important
component of a manager's activities. It
plays the most important role in the
planning process.
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making-definition-importance-and-principles-management/70038
• Decision-making is a key
skill in the workplace, and
is particularly important if
you want to be an
effective leader.
• Whether you're deciding which
person to hire, teacher to teach,
faculty to hold the subject, Dean to
administer the college, Director to
head a division, supplier to consider,
or which career or strategy to pursue,
the ability to make a good decision
with available information is vital.
“What is urgent is seldom
important, and what is
important is seldom urgent.”
D. Eisenhower
34th US President
• It would be easy if
there was one • It would be easy if there is
formula you could one formula you could use
use in any situation, in any situation, but there
but there is NOT. is NOT.
In a group decision-making
process, I tend to support my
friends' proposals and try to find
ways to make them work. (13)
Risk
Consequences
Feasibility
3 key factors to consider in evaluating alternatives…
I consider a variety of
potential solutions before
I make my decision. (11)
Checking
5 the Decision
After I make a decision, • Remember that some things
it's final – because I know about a decision are not
my process is strong. (2)
objective. The decision has to
make sense on an intuitive,
instinctive level as well. The entire
process we have discussed so far
If I have doubts about my has been based on the
decision, I go back and perspectives and experiences of
recheck my assumptions
and my process. (9) all the people involved.
I emphasize how
confident I am in my
decision as a way to gain
support for my plans. (18)
Key Points
Asyou
As yougain
gain more experience in making decisions,
more
and as youmaking
experience become more familiar with the tools
decisions, and as you
and structures needed forUse
effective decision to
become more familiar with this opportunity
making,
the you'll
tools and improve your
structures confidence.
think about how you can
needed for effective improve your decision
decision making, you'll making and take your skills
Key Points
Deciding.