Decision making process
-
Upload
saleem-khan -
Category
Technology
-
view
114 -
download
2
Transcript of Decision making process
The Decision-making ProcessThe Decision-making Process
Thoughts, Ideas and Practice
Decision-making
As defined by Baker et al in their 2001 study, “efficient decision-making involves a series of steps that require the input of information at different stages of the process, as well as a process for feedback”.
Decisions
•Made up of a composite of information, data, facts and belief.
•Data by itself does not constitute useful information unless it is analyzed and processed.
A DecisionA Decision
Is only as good as the data that informed itIs only as good as it is an informed oneIs only as good as the system which exists
to implementIs only good if you have the means to
implement itIs only good if other people understand it
and what it means
The Ideal Decision-making The Ideal Decision-making ProcessProcess
STEP 1Define the problem
STEP 3Establish goals that solving the problem should accomplish
STEP 4Identify alternatives that will solve the problem
STEP 5Develop valuation criteria based on the goals
STEP 6Select a decision-making Tool
STEP 7Apply the tool to select apreferred alternative
STEP 8Check the answerto make sure itsolves the problem
The Decision-making Process (adapted from Baker et al, 2001)
STEP 2Determine the requirements that the solution to the problem must meet
The RealityThe RealityIs the Problem really the problem?
Problems are often the symptom and not the true problem.
Most often that not steps 5-8 are either forgotten, avoided or simply ignored.
Urgency – is there a quick version?Who has time to follow-up? Tomorrow is
another problem.
The RealityThe RealityIs the Problem really the problem?
Problems are often the symptom and not the true problem.
Most often that not steps 5-8 are either forgotten, avoided or simply ignored.
Urgency – is there a quick version?Who has time to follow-up? Tomorrow is
another problem.