Making decisions

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Transcript of Making decisions

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b) Every decision making process produces a final choice. It can be an action or an opinion

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c) It begins when we need to do something but do not know what. Therefore, decision making is a reasoning process which can be rational or irrational, and can be based on explicit assumptions or tacit assumptions.

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d) Examples are: Shopping, deciding what to eat, what to wear, when to sleep, etc.

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II. Barriers to Decision Making A) Hasty – Making decisions without making much thought

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B) Narrow- Decision making is based on very limited information

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C) Scattered – Our thoughts in making decisions are disconnected or disorganized

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D) Fuzzy – Sometimes the lack of clarity on important aspects of a decision causes us to overlook certain important considerations

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Decision Making ProcessA) Define the Problem

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B) Consider Your Value:

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C) List Your Options

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D) Weigh the Consequences

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E) Decide and Act

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SWOT Analysis is a great technique for identifying your strengths and weaknesses and study any opportunities and threats you face

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It is also a powerful strategic planning tool used to evaluate a project in business venture or in an organization or individual requiring a decision in pursuit of an objective

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Six Thinking Hats

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The White Hat: ObjectiveWhat is the current information on the issue or the problem?

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The Yellow Hat: PositiveWhat are the positive aspects of the current situation, issue or problem?

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Black Hat : NegativeWhat are the negative aspects of the current situation, issue or problem?

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Green HatWhat are the creative ideas or alternatives in solving the issue or t problem

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The Red Hat: IntuitiveHow does everyone feel now that we have worked on the issue or the problem?

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ProcessWhat conclusions or summaries can we make in moving forward on the issue or the problem?

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