Decision Making Techniques

Decision Making Techniques

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Decision Making Techniques


Taking the right decision at the right time determines the path of success for us. However, decision making is not an easy process since it involves selection of the right course of action among other alternatives. Decision making techniques often help to arrive at the right conclusion/decision.

The method of chance is followed during crisis of time or when the alternatives are of equal importance. This is usually done by tossing coins as is the practice in sports field. The method following intuition is also quite effective. Many inventors have relied on this method of decision making. At times, it becomes impossible to analyze all the pros and cons. This among the other techniques becomes particularly helpful under such circumstances.

The analytical method is by far the most dependable and popular among the other techniques of decision making. It takes into account different perspectives and all the pros and cons pertaining to the matter in hand. Some of the factors that are considered while decision making include high risk consequences, complexity, uncertainty, interpersonal issues and alternatives. To be able to take the right decision, you will need to follow these sub techniques.

You need to build a constructive environment and this can be achieved by setting up the goal in the beginning. After this, you need to select the process and involve the right kind of people. This is often done by following the Vroom-Yetton-Jago Model. Discuss the issue and make sure that all the opinions are heard. Keeping an open mind helps in making the process easier. Be a little creative and if possible use a different approach to produce effective alternatives.

Brainstorming sessions can help generate better alternatives and eliminate the average ones. The Crawford Slip Writing Technique employing the members also often aids in producing good results. Consider best alternatives and organize them properly. Evaluate these alternatives carefully before zeroing in on one. Check your decision properly before starting the course of action. These techniques help in choosing the right course of action. Follow these decision making techniques for deriving the best result.

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Decision Making Techniques

Definition-Of-Decision-Making      We refer to taking decisions at every moment of our life. The question that arises is what is the actual definition of decision making as well as what cognitive processes lead one to take decisions in various circumstances? Decision making can be defined as the cognitive process of selecting between available alternatives or choices and take the steps that would prove to be the best in the specific circumstances. Decision making involves four factors namely Process, Options, Choices and Actions. More..