Want to learn how to make thoughtful decisions?
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This slide deck will guide business leaders on how to make as well as facilitate sound, quick decisions. Lack of making decisions impacts the progress of teams and hence productivity. We take this for granted but will be surprised to learn how many resources are wasted due to a lack of speedy, sound decisions.
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Want to learn how to make thoughtful decisions?
- 1. Effective Decision Making Anita Rao April 2013
- 2. Y? Once you make a decision, the universe conspires to make it happen. ~RalphWaldo Emerson
- 3. Agenda 3 Cs of Decision Making Two approaches to decision making Point-counterpoint Tool – Logical Decision Making Decision making framework Q&A
- 4. The 3 Cs of Decision Making • Convey openness • Listen attentively • Explain rationale behind the decision • Deciding too early • Deciding too late • Require vigorous debate • Prohibit language that triggers defensiveness • Break up natural coalitions • Shift individuals out of natural grooves • Challenge stalemated participants Consideration ClosureConstructive Conflict Source David Garvin & Michael Roberto
- 5. Two approaches to Decision Making Advocacy Inquiry Concept of decision making A contest Collaborative problem solving Purpose of discussion Persuasion & lobbying Testing and evaluation Participant’s role Spokespeople Critical thinkers Patterns of behavior Strive to persuade others Defend your position Present balanced arguments Remain open to alternatives Minority views Discouraged or dismissed Cultivated & valued Outcome Winners & losers Collective ownership Source David Garvin & Michael Roberto
- 6. Structuring the debate – Point-counterpoint Team divided into 2 groups • Generate one or more alternative plans of action • Develop a proposal • Flush out recommendations, key assumptions & critical supporting data • Present the proposal in written & oral forms Group A Group B 6 Subgroups come together. Debate proposals, seek agreement on common set of assumptions. They strive to agree on a common set of recommendations. Source David Garvin & Michael Roberto
- 7. Tool – Making Decisions Logical & Defensible Selection Criteria Selection Criteria Option 1 Option 2 Brainstormed Criteria Criteria clarified & ranked Highest Rated Option Second Highest Rated Option Risks & limitations How the risks can be minimized Risks & limitations How the risks can be minimized Assess risks and limitations for each of the highest rated options Source Murray Hiebert & Bruce Klatt
- 8. Improving decision making A Framework List & prioritize the decisions that must be made Assess the factors that go into each, frequency, what information is available to support it Design the roles, processes, systems & behaviors Institutionalize tools & assistance 1 2 3 4 Source Thomas Davenport
- 9. Using the power of decision gives you the capacity to get past any excuse to change any and every part of your life in an instant Anthony Robbins