11/27/2016 DecisionMakingProcess
DecisionMakingProcess
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Introduction
[Link],decision
makingisahabitandaprocessaswell.
Effective and successful decisions make profit to the company and unsuccessful ones make losses. Therefore, corporate decision making
processisthemostcriticalprocessinanyorganization.
Inthedecisionmakingprocess,[Link],wemay
usemanytools,techniquesandperceptions.
Inaddition,wemaymakeourownprivatedecisionsormaypreferacollectivedecision.
Usually,[Link].
Let'shavealookatthedecisionmakingprocessindetail.
StepsofDecisionMakingProcess
[Link].
Step1:Identificationofthepurposeofthedecision
Inthisstep,[Link]
thedecision.
Whatexactlyistheproblem?
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11/27/2016 DecisionMakingProcess
Whytheproblemshouldbesolved?
Whoaretheaffectedpartiesoftheproblem?
Doestheproblemhaveadeadlineoraspecifictimeline?
Step2:Informationgathering
[Link],therecanbedozensoffactorsinvolvedandaffectedbytheproblem.
Intheprocessofsolvingtheproblem,youwillhavetogatherasmuchasinformationrelatedtothefactorsandstakeholdersinvolvedinthe
[Link],toolssuchas'CheckSheets'canbeeffectivelyused.
Step3:Principlesforjudgingthealternatives
Inthisstep,[Link],organizationalgoalsas
wellasthecorporatecultureshouldbetakenintoconsideration.
Asanexample,[Link]
profits,[Link],baselineprinciplesshouldbeidentifiedrelatedtotheprobleminhand.
Step4:Brainstormandanalysethedifferentchoices
Forthisstep,[Link],itisvitaltounderstandthecausesof
theproblemandprioritizationofcauses.
Forthis,[Link]
causesoftheproblemandParetocharthelpsyoutoprioritizeandidentifythecauseswithhighesteffect.
Then,youcanmoveongeneratingallpossiblesolutions(alternatives)fortheprobleminhand.
Step5:Evaluationofalternatives
Use your judgement principles and decisionmaking criteria to evaluate each alternative. In this step, experience and effectiveness of the
[Link].
Step6:Selectthebestalternative
OnceyougothroughfromStep1toStep5,[Link],theselectionofthebestalternativeisaninformeddecisionsince
youhavealreadyfollowedamethodologytoderiveandselectthebestalternative.
Step7:Executethedecision
[Link].
Step8:Evaluatetheresults
[Link]
ofthebestpracticesthatwillimproveyourdecisionmakingskills.
Conclusion
Whenitcomestomakingdecisions,oneshouldalwaysweighthepositiveandnegativebusinessconsequencesandshouldfavourthepositive
outcomes.
[Link],avoidingdecision
makingseemseasierespecially,whenyougetintoalotofconfrontationaftermakingthetoughdecision.
But,makingthedecisionsandacceptingitsconsequencesistheonlywaytostayincontrolofyourcorporatelifeandtime.
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