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Decision making skills

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Good Decision-making is an Essential Skill for Effective Leadership

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Decision making skills

  1. 1. Good Decision- making is an Essential Skill for Effective Leadership
  2. 2. You do not really know where a road will lead you until you take it. There are no guarantees. This is one of the most important things you need to realize about life.
  3. 3. Making Decisions is a Difficult Process that Consists of Identifying and Selecting Alternatives, Criteria and Possible Outcomes, to Improve a Situation. Whether Decisions are Straightforward or Complex a Methodical and Systematic Approach will Lead to Success.
  4. 4. Decision making is something you do morning, noon and night. Making decisions is a part of your life whether you like it or not. You make decisions all the time. You can become quite adept and get plenty of practice in developing the necessary skills to help you in making the right decisions.
  5. 5. Have YOU Always had Problems to Make Difficult Decisions? Here is some advice to show you how to take the pain out of making difficult decisions, to make your best choices and get it over and done with. This Decision-making Model is in Eight Steps, which I called it “Decision- making Loop” Its Show You a Logical Structured Methodology for Making a Decision.
  6. 6. “It does not matter which side of the fence you get off on sometimes. What matters most is getting off. You cannot make progress without making decisions.” - Jim Rohn
  7. 7. Decision-making Loop Identify the Problem Gathering the Information Explore the Options Evaluate the Option Monitor the Impact Choose the Option Implement the Decision Modify the Decision
  8. 8. The First Step towards a decision making process is to identify the problem. This Essential to Understand What to Decide about. Until you have a clear understanding of the problem or decision to be made, it is meaningless to proceed. If the problem is stated incorrectly or unclearly then your decisions will be wrong. Decision-making Loop Identify the Problem
  9. 9. Decision-making Loop Identify the Problem
  10. 10. All necessary available facts, opinion, data have to be collected. This is important because sometimes solutions can come out from these out-of- the-box ideas. You would also have to do adequate research to come up with the necessary facts that would aid in solving the problem. Decision-making Loop Gathering the Information
  11. 11. Ask the 5 W's: What, Who, When, Where, and Why.  What is the situation?  Who are the people involved?  When did this happen?  Where is this leading?  Why are you in this situation? These are just some of the possible questions to ask to know more about your situation. This is important. Oftentimes, the reason for indecision is the lack of information about a situation. Decision-making Loop Gathering the Information
  12. 12. What are all the possible options? Several of these may have variations. Sometimes the options are few, but sometimes they are numerous. But what do you do when you think that the situation offers no options? This is the time that you create your own. Make your creative mind work. Decision-making Loop Explore the Options
  13. 13. The most promising options should be discussed and analyzed to determine how they may be applied and what results they will produce. Consider how options relate to one another, and whether some options have common components or make implementation of other options easier. In parallel with this analysis, identify options that need more research or clarification. Decision-making Loop Explore the Options
  14. 14. After carefully considering each option, select the one that seems most appropriate based on each of these factors: your own values, the positive and negative consequences, your present and future goals, and the effect on others. Now choose the best one option among those which are explore. Remember that there are no guarantees and wrong decisions are always at hindsight. So choose to decide and believe that you are choosing the best option at this point in time. Decision-making Loop Choose the Option
  15. 15. Evaluate your decisions from each and every aspect because what looks good on paper or sounds good, may not work when you actually evaluate it. Evaluation is useful for uncovering the risks involved or difficulties which need to be overcome when implementing the option. Strategies can then be developed to manage those risks. Decision-making Loop Evaluate the Option
  16. 16. A decision has no value unless you implement it. To implement the decision means to put into action. The process of decision is not complete until it is implemented and you have learnt to live with the consequences. Decision-making Loop Implement the Decision
  17. 17. Part of the implementation phase is the monitoring or follow up. Just making the decision and implementing it is not the end of the decision making process, it is very important to monitor your decision regularly. At this stage, you have to keep a close eye on the progress of the solution taken and also whether it has led to the results you expected. Decision-making Loop Monitor the Impact
  18. 18. Whether it is the Right Decision or Not, only time can tell. But Do Not Regret it whatever the outcome. Instead, Learn from it and Remember that You always have the chance to make better Decisions in the Future. Decision-making Loop Monitor the Impact
  19. 19. It consists in determining necessary changes and makes supplementary decision for adopting the most urgent one there by modifying the decision. Decision-making Loop Modify the Decision
  20. 20. “When making a decision of minor importance, I have always found it advantageous to consider all the pros and cons. In vital matters, however, such as the choice of a mate or a profession, the decision should come from the unconscious, from somewhere within ourselves. In the important decisions of personal life, we should be governed, I think, by the deep inner needs of our nature” - Sigmund Freud
  21. 21. So! The next time you have to take a decision, try to use this ‘Decision-making Loop’
  22. 22. This Presentation Prepared from the Book Let’s LEARN Again