devised by suresh patel, management coach [email protected] 1 decision-making plot- 728/1,...

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Devised By Suresh Patel, Management Coa ch [email protected] 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079 31021048

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Page 1: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

1

Decision-Making

Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079 31021048

Page 2: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

2

Response to a Situation

• Put your head in the sand - ignore / avoid

• Act without thinking - do the first thing that comes to your mind

• Positively decide to do nothing

• Take action only after you have gathered information and given the matter some thought

Page 3: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

3

Art of Decision-Making

• Asks for personal & interpersonal skills

– Fact finding

– Logical Thinking

– Creativity

– Analytical Ability

– Sensitivity to others

– Assertiveness

Page 4: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

4

@ Decisions

• Making decisions

• Getting people to implement decisions

Which is more tough?

Page 5: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

5

Importance

Well-being – and even survival-

of an individual and of an organisation

depend almost entirely on

the quality of its

Decision-Making process.

Page 6: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

6

You = ?

• The decisions that you make.

Your decisions are vital to your effectiveness.

They will be reflected in your performance and the results you achieve.

Page 7: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

7

Your Organisation = ?

• The decisions that you all make.

Your decisions are vital to your organisation’s effectiveness.

They will be reflected in organisation’s performance and the results.

Page 8: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

8

Decision = ?

• The mean by which you move your work on, to achieve your tasks and goals.

• The choice

• The conclusion

Page 9: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

9

Types of Decisions

• Operational

• Strategic

• Programmed

• Unprogrammed

• Routine

• Urgent

• Consultative

• Problematic

Page 10: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

10

Styles of Decision-Making

• The authoritarian

• The democratic

Page 11: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

11

Approach of Decision-Making

• Thinking Approach

• Intuitive Approach

• Systematic Approach

Page 12: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

12

Thinking Approach

• Barriers to think

– Emotional involvement

– Closeness to the decisions (attachment)

– Lack of time

– Pressure from others

Page 13: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

13

Intuitive Approach

• The hunches that tell us “what is right?”, even though we can’t explain “why?”

• The gut feelings / instinct

• Left brain + Right brain (Reason) + (Intuition)

Page 14: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

14

Systematic Approach

1. Setting Objectives

2. Collecting Information

3. Identifying alternatives / options

4. Evaluation

5. Selection

6. Implementing & Monitoring Change

Page 15: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

15

1. Setting Objectives

• Overall objective

- long-term achievement

• Immediate objective

- immediate achievement

Page 16: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

16

Overall objective

• It creates a challenge and provide a common direction

• It provides an opportunity to shape the future.

Page 17: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

17

Overall objective of an Organisation

• What is the purpose of our organisation?

• What business are we in?

• Who are our customers?

• Who are our competitors?

• What resources do we have?

• What do we want to achieve in 1/3/5 years’ time?

Page 18: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

18

Overall objective of a Team / Department

• How do we help the organisation to achieve its objectives?

• What job are we being paid to do?

• Who are our customers?

• What are our budgetary constraints?

• What do we want to achieve in 1 year’s time?

Page 19: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

19

Overall objective of an Individual

• What is the purpose of my job?

• What contribution can I make to achieve team’s objectives?

• How does my work differ from that of other people?

Page 20: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

20

2. Collecting Information

• Relevant

• Appropriate details

• Accurate

• Complete

• Timely

• External

• Corporate

• Internal

• Income-expenditure

Page 21: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

21

Ask questions for information

• Why?

• Who?

• What?

• When?

• Where?

• How?

Page 22: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

22

The questionsWhy? did this decision / problem arise?

do we need to find a solution?

Who? is affected?

should be involved in making decision?

What? are the true facts surrounding this decision?

When? did the problem arise?

the decision must be made?

Where? did the problem arise?

what area is affected?

How? can the relevant information be identified?

can it be obtained?

Page 23: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

23

Sources of information

• Human sources

• Written sources

• IT sources

Page 24: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

24

3. Identifying alternatives / options

When you are faced with a decision it is always tempting to select the most

obvious option.

But sometimes the best solution is not the one that stares you in face as you

contemplate the issue.

It is often the creative idea.

Page 25: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

25

Creating options

• Never assume your list of options is exhaustive

• Test the constraints. Are they real?

• Use your imagination to create more.

• Check that you are not making unnecessary assumptions.

Page 26: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

26

Creative thinking techniques

• Brain-storming

• Ideas writing

• Mind mapping

• Lateral thinking

Page 27: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

27

Lateral thinkingtechnique : 6 Thinker Hats

WHITE Data & Information

RED Feelings, emotions & intuition

BLACK Caution and critical judgment

YELLOW Optimism and positive point of view

GREEN Creative efforts

BLUE Organising & controlling

Page 28: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

28

4. Evaluation

Evaluate options on the basis of:

• Feasibility

• Acceptability

• Risk

Page 29: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

29

Personal Attributes…….Play

• Experiences & intelligence

• Values & beliefs

• Personality & interests

• Aspirations & expectations

Page 30: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

30

5. Selection

• Pros & Cons

• Consensus

• Voting

• Clustering

• negotiation

Page 31: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

31

Ask yourself finally…….

• Am I happy and confident @ this decision?

• Will it be acceptable to all concerned?

• If not, how am I going to pursue?

• Is it ok to set this as a precedent for future decisions?

• Did I give full consideration to all options?

• Did I think @ consequences of this decision?

Page 32: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

32

6. Implementing & Monitoring Change

• Implement decision

• Check whether things are working as you anticipated

• Admit the mistakes, if any

• Learn

Page 33: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

33

Summary …..

1. Identify your overall objectives and keep them firmly in your mind.

2. Be clear about the purpose of the decision

3. Adopt the habit of thinking hard

4. Do not be afraid to use your intuition

5. Be prepared to spend time on collecting high quality information

Page 34: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

34

Summary …..

6. Give yourself time to work on a problem

7. Be able to differentiate between urgent decisions and important ones.

8. Involve as many people as necessary and use their expertise.

9. List and evaluate your options

10. Talk to your colleagues, friends and family @ your problems.

Page 35: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

Devised By Suresh Patel, Management Coach [email protected]

35

Summary …..

11. Use all the resources available

12. Use your imagination – and that of others too – to come up with new ideas

13. Learn from your mistakes by monitoring the outcome of your decisions

14. Make decisions as often as possible – practice makes a man perfect !

Page 36: Devised By Suresh Patel, Management Coach sureshbhaipatel@yahoo.com 1 Decision-Making Plot- 728/1, Jagrutipark, Sector 30, Gandhinagar 382 030. Tel: 079

36Devised By Suresh Patel, Management Coach [email protected]

Thank You !