BASICS OF DECISION MAKING
Basics of Decision Making has been defined differently by distinguished writers, psychologists, and learners. According to Wikipedia, Decision making is a planned idea that one has to choose among other ideas. Other definitions say Decision making is a process by which a person makes choices through identifying the best ideas that one has, in order to solve an identified problem. In this paper am going to discuss the basics of decision making. This topic is going to utmost three parts namely; the process, the techniques, and the finalizing choice.
The process of Decision Making
There are about eight processes involved in decision making. The main reason for processes is to come up with a satisfactory and non-conflict final idea.
These processes include;-
- Identify the purpose of the decision. This process is whereby the problem is completely analyzed.
- gathering of information. This mostly occurs in an organization where different stakeholders combine the information gathered and come up with the final decision.
- discussing and judging the chosen decision. In this process, the chosen decisions are set up as per the organization niche.
- brainstorm and analyzing chosen choices. In this case, the list of chosen decision is discussed and well understood.
- evaluate the alternatives. In this case, the decision made has arrived through the effectiveness and experience of the key judgment. There is a comparison of each alternative by their pros and cons.
- the best alternatives are selected. This occurs after you have gone through the mentioned steps. The best alternative decision is the key to your decision making.
- Decision execution. This step is where one enters into the decision implementation stage. This is after you have the correct decision.
- result evaluation. One has to evaluate the out math of every final decision. This ensures that there is nothing to regret in the future as far as the decision you have made is concerned.
How to Determine the Decision
The other part that determines the decision making is the techniques. In this paper, I’ll represent several techniques required in decision making. To start with, the Kepner –Tregoe matrix. This technique helps in one’s thought through making the final decision. It comprises of four steps namely; Situation Analysis, Decision Analysis, Potential Analysis, and Problem Analysis. Decision matrix analysis is the second technique. This technique is ideal for it is based on assessing different identified options. Analytic Hierarchy technique is an approach based on broader decision making. It is more of Mathematics due to its make such as fairness, decision-based on logics among others. The fourth technique is Pareto analysis. This technique is based on less work done but a large outcome. It originates from the famous Pareto. The future wheel technique defines how easy could be the decision if we could predict the future. The last technique is all about force field analysis. This technique helps in knowing whether the decision made can be implemented or not.
Final Thought of Decision
The last part of the basics of decision making is finalizing the choice. In any decision making one has to do a lot of analysis. The more you practice on better decisions, the better your plans are. Decision analysis automatically comes after decision evaluation. The analysis helps a lot for a conclusive final decision. There are numerous analysis steps for decision making as they are briefly discussed here. Criteria transfer and solution to the best option tool for analysis. This can happen through decision-making software, worksheet, and/or spreadsheet. Using the map for any remaining concerns or issues, likely identified during the decision-making process. The issues or concerns should be mapped and appropriate decision element applies. The third step is all about information collection. The tool for collecting information should not be biased. And lastly, the analysis should define the need fully. This avoids ambiguity or double standard during decision implementation.
Conclusion
In conclusion, the decision-making process should always be made based on how positive or negative impact may arise. After the final decision is made, any repercussions should not be surprised. By coming up with the final decision and accepting its outcomes. This is the only way one can stay and maneuver to control his/herself in life.
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