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Decision
Making
 2013
Decision Trees    (7 of 7)




                             Key
                 Decision                       Outcome

                 Uncertain                      Possible
                 Outcome                        Solution

                      www.readysetpresent.com              Page 2
Program Objectives         (1 of 2)

     To examine different decision
      making models.
     To maximize creativity and logic
      in decision making.
     To acquire decision making tips
      and techniques that accelerate
      and improve results.




                      www.readysetpresent.com   Page 3
Program Objectives         (2 of 2)

     To become aware of common
      decision making traps and how
      to handle them.
     To ready yourself for any bumps
      in the road and have solutions in
      hand.
     To provide a variety of
      perspectives for the decision
      making process.




                      www.readysetpresent.com   Page 4
Definition
   Decision Making:
      The process of examining your
       possibilities and options,
       comparing them, and choosing a
       course of action.




                      www.readysetpresent.com   Page 5
Two Types of Decisions
     Programmed: decisions that are
      simple and routine and have a
      pre-established decision-making
      plan


     Nonprogrammed: decisions that
      are new and complicated and
      require thought and creativity




                     www.readysetpresent.com   Page 6
Risk Aversion
     Risk aversion occurs when
      people take fewer risks because
      they d not like the possibility of
      failure.
     Risk-taking can be very
      important because it can often
      cause a creative and innovative
      solution.
     Some situations are riskier than
      others, so one must evaluate
      whether or not it is appropriate
      to take risks.
                       www.readysetpresent.com   Page 7
Inherent Personal Traps




        www.readysetpresent.com   Page 8
Common Pitfalls




    www.readysetpresent.com   Page 9
Status Quo    (1 of 4)

     Humans often have an irrational
      preference for familiar options
      and an aversion to radical
      alternatives.
     While the familiar course of
      action is sometimes the right
      one, this must be determined by
      a rational analysis rather than a
      fear that is wired into us.




                         www.readysetpresent.com   Page 10
Narrowly Framing




               www.readysetpresent.com   Page 11
Dramatic
Events




           www.readysetpresent.com   Page 12
Cost/Benefit Analysis          (2 of 5)

     A basic cost/benefit analysis is
      strictly fiscal in nature and does
      not include other effects of the
      proposed option (e.g. emotional
      response by co-workers,
      environmental impact, etc).




                       www.readysetpresent.com   Page 13
4 Modes of Decision Making                 (5 of 7)


  3. Group
     Seek out the information and
      insights of select peers, AND
      make the decision with them.
     This means that each of these
      specific peers has a vote in the
      eventual outcome and that each
      voice is as important as yours in
      that decision.




                      www.readysetpresent.com         Page 14
6 Decision Making Factors               (3 of 8)


  2. Complexity
     The more intricate each
      alternative is and the more
      alternatives that are on the table,
      the more time and involvement a
      decision may require.
     Although, the simplest decisions
      can often be made independently
      or through delegation, decisions
      that can cause headaches
      probably need to be a team effort.

                      www.readysetpresent.com      Page 15
What is
                   your next
                     step?




www.readysetpresent.com    Page 16
Download “Decision Making”
                PowerPoint presentation
               at ReadySetPresent.com
 172 slides include: an overview of Decision Making, four famous decision
 making quotations, 10 factors for making effective decisions, 2 major types
  of decisions, 7 points on good decisions, the bounded rationality theory, 3
points on risk aversion, 6 C’s of decision making, 10 inherent personal traps,
   3 decision making methods, 7 slides on decision trees, 18 basic decision
making tips, 4 slides on the G.O.R. Approach, 16 points on common pitfalls,
   2 slides on broader implications, 9 points on effective strategies, 8 major
 traps, 9 points on anchoring, 8 points on minimizing anchoring, 9 points on
 the status quo of decision making, 5 points on combating the status quo, 5
  points on the fear of failure, 9 points on searching for support, 6 points on
narrowly framing, 5 slides on underestimating, 3 slides on overestimating, 3
slides on dramatic events, 7 slides on the 6 different perspectives of decision
making, 11 points of grid analyses, 9 points on paired comparison analysis, 9
    points on cost/benefit analysis, 12 points on planning, 4 slides on the 3
    overarching questions of decision making, 20 points on the 4 modes of
    decision making, 28 points on the 6 decision making factors, 16 Actions
                            steps, how to’s and more.

        Royalty Free - Use Them Over and Over Again.
              Updated & Expanded 2013
       Now: more content, graphics, and diagrams

                                     www.readysetpresent.com                      Page 17

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Decision Making PowerPoint PPT Content Modern Sample

  • 2. Decision Trees (7 of 7) Key Decision Outcome Uncertain Possible Outcome Solution www.readysetpresent.com Page 2
  • 3. Program Objectives (1 of 2)  To examine different decision making models.  To maximize creativity and logic in decision making.  To acquire decision making tips and techniques that accelerate and improve results. www.readysetpresent.com Page 3
  • 4. Program Objectives (2 of 2)  To become aware of common decision making traps and how to handle them.  To ready yourself for any bumps in the road and have solutions in hand.  To provide a variety of perspectives for the decision making process. www.readysetpresent.com Page 4
  • 5. Definition Decision Making:  The process of examining your possibilities and options, comparing them, and choosing a course of action. www.readysetpresent.com Page 5
  • 6. Two Types of Decisions  Programmed: decisions that are simple and routine and have a pre-established decision-making plan  Nonprogrammed: decisions that are new and complicated and require thought and creativity www.readysetpresent.com Page 6
  • 7. Risk Aversion  Risk aversion occurs when people take fewer risks because they d not like the possibility of failure.  Risk-taking can be very important because it can often cause a creative and innovative solution.  Some situations are riskier than others, so one must evaluate whether or not it is appropriate to take risks. www.readysetpresent.com Page 7
  • 8. Inherent Personal Traps www.readysetpresent.com Page 8
  • 9. Common Pitfalls www.readysetpresent.com Page 9
  • 10. Status Quo (1 of 4)  Humans often have an irrational preference for familiar options and an aversion to radical alternatives.  While the familiar course of action is sometimes the right one, this must be determined by a rational analysis rather than a fear that is wired into us. www.readysetpresent.com Page 10
  • 11. Narrowly Framing www.readysetpresent.com Page 11
  • 12. Dramatic Events www.readysetpresent.com Page 12
  • 13. Cost/Benefit Analysis (2 of 5)  A basic cost/benefit analysis is strictly fiscal in nature and does not include other effects of the proposed option (e.g. emotional response by co-workers, environmental impact, etc). www.readysetpresent.com Page 13
  • 14. 4 Modes of Decision Making (5 of 7) 3. Group  Seek out the information and insights of select peers, AND make the decision with them.  This means that each of these specific peers has a vote in the eventual outcome and that each voice is as important as yours in that decision. www.readysetpresent.com Page 14
  • 15. 6 Decision Making Factors (3 of 8) 2. Complexity  The more intricate each alternative is and the more alternatives that are on the table, the more time and involvement a decision may require.  Although, the simplest decisions can often be made independently or through delegation, decisions that can cause headaches probably need to be a team effort. www.readysetpresent.com Page 15
  • 16. What is your next step? www.readysetpresent.com Page 16
  • 17. Download “Decision Making” PowerPoint presentation at ReadySetPresent.com 172 slides include: an overview of Decision Making, four famous decision making quotations, 10 factors for making effective decisions, 2 major types of decisions, 7 points on good decisions, the bounded rationality theory, 3 points on risk aversion, 6 C’s of decision making, 10 inherent personal traps, 3 decision making methods, 7 slides on decision trees, 18 basic decision making tips, 4 slides on the G.O.R. Approach, 16 points on common pitfalls, 2 slides on broader implications, 9 points on effective strategies, 8 major traps, 9 points on anchoring, 8 points on minimizing anchoring, 9 points on the status quo of decision making, 5 points on combating the status quo, 5 points on the fear of failure, 9 points on searching for support, 6 points on narrowly framing, 5 slides on underestimating, 3 slides on overestimating, 3 slides on dramatic events, 7 slides on the 6 different perspectives of decision making, 11 points of grid analyses, 9 points on paired comparison analysis, 9 points on cost/benefit analysis, 12 points on planning, 4 slides on the 3 overarching questions of decision making, 20 points on the 4 modes of decision making, 28 points on the 6 decision making factors, 16 Actions steps, how to’s and more. Royalty Free - Use Them Over and Over Again. Updated & Expanded 2013 Now: more content, graphics, and diagrams www.readysetpresent.com Page 17