How to make effective decisions
Anastasiia Krasnoperova
Higher School of Economics , Perm
Introduction
Our purpose was to study basic concepts and features of this
process. In order to achieve it we had to:
1. determine what are the steps of decision making;
2. what issues we consider while doing them;
3. what kind of mistakes we can face.
Results
Steps:
Create a
constructive
environment
Communicate your
decision, and take
action
Generate good
alternatives
Check your
decision
Explore these
alternatives
Choose the best
alternative
Conclusions
All of us have to make decisions every day.
Some decisions are relatively straightforward and simple.
Others are quite complex.
Simple decisions usually need a simple decision-making
process. But difficult decisions typically involve different issues.
The best way to make a complex decision is to use an effective
process. Clear processes usually lead to consistent, high-quality
results, and they can improve the quality of almost everything
we do.
Issues: 1.Uncertainty– Many facts may Common 1.Relying too much on expert
not be known.
mistakes: information.
Methods & Materials
A survey of current thinking on the subject
2.Complexity– You have to
consider many interrelated
factors.
3.High-risk consequences– The
impact of the decision may be
significant.
4.Alternatives– Each has its
own set of uncertainties and
consequences.
5.Interpersonal issues– It can
be difficult to predict how
other people will react.
2.Overestimating the value of
information received from
others.
3.Underestimating the value of
information received from
others.
4.Only hearing what you want to
hear or seeing what you want to
see.
5.Not listening to your feelings or
gut reactions.
References
1. Decision Making Skills – Start Here! MindTools [Online].
Available:http://www.mindtools.com/pages/article/newTED_00
2. Making Decisions. SBA.gov. [Online].
Available:http://www.sba.gov/content/making-decisions