decision making skills
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Good Decision-making is an Essential Skill for Effective LeadershipTRANSCRIPT
Good Decision-making is an Essential Skill for
Effective Leadership
You do not really know where a road will lead you until you
take it.
There are no guarantees. This is one of the most
important things you need to realize about life.
Making Decisions is a Difficult Process that Consists of Identifying and
Selecting Alternatives, Criteria and Possible Outcomes, to Improve a
Situation.
Whether Decisions are Straightforward or Complex a Methodical and
Systematic Approach will Lead to Success.
Decision making is something you do morning, noon and night.
Making decisions is a part of your life whether you like it or not. You
make decisions all the time.
You can become quite adept and get plenty of practice in developing
the necessary skills to help you in making the right decisions.
Have YOU Always had Problems to Make Difficult Decisions?
Here is some advice to show you how to take the pain out of making difficult
decisions, to make your best choices and get it over and done with.
This Decision-making Model is in Eight Steps, which I called it “Decision-making
Loop” Its Show You a Logical Structured Methodology for Making a Decision.
“It does not matter which side of the fence you get off on
sometimes. What matters most is getting off. You cannot make
progress without making decisions.”
- Jim Rohn
Decision-making Loop
Identify theProblem
Gathering theInformation
Explore theOptions
Evaluate theOption
Monitor theImpact
Choose theOption
Implement theDecision
Modify theDecision
The First Step towards a decision making process is to identify the problem.
This Essential to Understand What to Decide about.
Until you have a clear understanding of the problem or decision to be made, it is meaningless to
proceed.
If the problem is stated incorrectly or unclearly then your decisions will be wrong.
Decision-making LoopIdentify the
Problem
Decision-making LoopIdentify the
Problem
All necessary available facts, opinion, data have to be collected.
This is important because sometimes solutions can come out from these out-of-the-box ideas.
You would also have to do adequate research to come up with the necessary facts that would aid
in solving the problem.
Decision-making LoopGathering theInformation
Ask the 5 W's: What, Who, When, Where, and Why.
What is the situation? Who are the people involved?
When did this happen? Where is this leading?
Why are you in this situation?
These are just some of the possible questions to ask to know more about your
situation. This is important. Oftentimes, the reason for indecision is the lack of
information about a situation.
Decision-making LoopGathering theInformation
What are all the possible options?
Several of these may have variations. Sometimes the options are few, but
sometimes they are numerous.
But what do you do when you think that the situation offers no options?
This is the time that you create your own. Make your creative mind work.
Decision-making LoopExplore the
Options
The most promising options should be discussed and analyzed to determine
how they may be applied and what results they will produce.
Consider how options relate to one another, and whether some options have
common components or make implementation of other options easier.
In parallel with this analysis, identify options that need more research or
clarification.
Decision-making LoopExplore the
Options
After carefully considering each option, select the one that seems most appropriate based on each of these factors: your own values, the positive and negative consequences, your present and future goals, and the effect on others.
Now choose the best one option among those which are explore.
Remember that there are no guarantees and wrong decisions are always at hindsight. So choose to decide and believe that you are choosing the best option at this point in time.
Decision-making LoopChoose the
Option
Evaluate your decisions from each and every aspect because what looks good
on paper or sounds good, may not work when you actually evaluate it.
Evaluation is useful for uncovering the risks involved or difficulties which need
to be overcome when implementing the option.
Strategies can then be developed to manage those risks.
Decision-making LoopEvaluate the
Option
A decision has no value unless you implement it.
To implement the decision means to put into action.
The process of decision is not complete until it is implemented and you have
learnt to live with the consequences.
Decision-making LoopImplement the
Decision
Part of the implementation phase is the monitoring or follow up.
Just making the decision and implementing it is not the end of the
decision making process, it is very important to monitor your decision
regularly.
At this stage, you have to keep a close eye on the progress of the solution
taken and also whether it has led to the results you expected.
Decision-making LoopMonitor the
Impact
Whether it is the Right Decision or Not, only time can tell. But Do Not Regret it
whatever the outcome.
Instead, Learn from it and Remember that You always have the chance to
make better Decisions in the Future.
Decision-making LoopMonitor the
Impact
It consists in determining necessary changes and makes supplementary
decision for adopting the most urgent one there by modifying the decision.
Decision-making LoopModify theDecision
“When making a decision of minor importance, I have always found it
advantageous to consider all the pros and cons. In vital matters, however, such as
the choice of a mate or a profession, the decision should come from the
unconscious, from somewhere within ourselves.
In the important decisions of personal life, we should be governed, I think, by the
deep inner needs of our nature”
- Sigmund Freud
So! The next time you have to take a decision, try to use this ‘Decision-making Loop’
This Presentation Prepared
from the Book
Let’s LEARN Again