Showing posts with label Decision Making. Show all posts
Showing posts with label Decision Making. Show all posts

Sunday, 17 February 2013

How To Overcome The Barriers In Effective Decision Making?


You as a manager make many decisions in your life. Some are very much easy and some are very much complex. To take more effective decisions you must follow have to take care of the following steps in order to overcome the barriers in effective decision making.

THINK AND CONSULT:
Many people do not think before taking decisions. So in order to have an effective decision you must think for a while and analyze that what are causes of the problem, then make a list of the alternatives then choose the best one from them. After brainstorming you must get help from your employees, family and friends, and also from the one who has experience, in order to have the possible means to understand the implantation of your decision.

TAKE AN EYE ON ORGANIZATIONAL GOAL:
The most important strategy while taking decision is to keep an eye on your goal. You as a manager must have to take care of the organizational goals and interests while taking decisions. You must know what are the needs of the problem that are required to be solved? And why these should be solved? In this way you can be able make an effective decision because when you know that why you are making a decision, it will make you to stick with it and defend it.

CONSIDER THE CONSEQUENCES:
This is the key step of effective decision making because in this you will be asking yourself that what the results of your decision are. How it will affect your organization. Whether the decision you are taking is in the favor of organization or not?  It is important step because it will make you able to understand the pros and cons of your decision that you are going to take.

MAKE YOUR FINAL DECISION AND EVALUATE IT:
Once you have made the final decision and took an action towards it then you must have to evaluate your decision in order check whether your actions are working in a right manner or not. And you should give yourself permission to be okay with any failure that may arise because there is not any magic formula for effective decision making. It is a type of a risk that you can control by following such steps. You must take care of the “timing” because timing matters a lot in taking actions towards decision making. You must avoid poor timing and take actions whenever these are required and do not make higher expectations from any of your decisions and always be optimistic.

CONCLUSION:
A well organized decision-making process usually leads to the effective decision-making. Without a well-defined process, you take high risk in making decisions that are based on inappropriate information and analysis. Many variables can affect the final impact of your decision. However, if you establish strong base for decision making, make good alternatives, evaluate these alternatives thoroughly, and then check your decision-making process, you will improve the quality of your decisions.

Thursday, 14 February 2013

Who Take Intuition Decisions?


Every educated and layman people take intuition decisions because in many situations when we haven’t enough time or knowledge about thing and we have to take decision on the spot then we go with our inner feeling, what do our heart say do it i.e. two friends go to market, one friend want to buy shirt and other friend haven’t intention to buy anything.


In the market when one friend was purchasing other friend go to other shop just for window shopping but there he likes a wrist watch and don’t knew about brand name of watch and also don’t what actual price of watch would be? But because of he likes and heartily wants to buy it then he take intuition decision and buy that watch.

And when he shows his new watch to his friend, his friend wonder and say wow! That is true Rolex watch and reasonable price of it. That is intuition decision that later became a good decision. Some other examples would be: guys don’t go today to Hill Park, might today my boss would be in good mood and give me vacation leaves etc,


Many times in our life we take intuition decisions sometime in restaurant, sometime in markets (mobile, garment, books etc) and sometime in gathering with friends i.e. during sitting at the one friend’s home and suddenly one other friend raise voice and say stand up we will go to market for window shopping. It is generally happened in friendships. If we say intuition general theory then wouldn’t be false because we take it generally in our life.

Intuition In Decision Making


From beginning of humankind, human takes many decisions without knowing reasons of those decisions except one reason that refer to “I think, my heart say or what comes in my mind etc”. A famous scientist Pascal quotation is “our heart has many reasons but those reasons explanations we don’t know” In Psychology this is called Intuition and intuition is a subject of psychology. Intuition means inner feeling, cognitive approach or perceptional inferences etc.

Intuition decision is the function of irrational decision. If we talk about management side, there are actually 2 types of decisions in management perspective, one is rational decision and one is irrational decision. Rational decisions are good decisions and irrational decisions are not good decisions.

Why one is good decision and one is not good decision? The answer would be that rational decisions are based on knowledge of situation, enough time to take decision and field related people means specialized people. These 3 factors are the causes of rational (good) decisions. While irrational decisions in which intuition decisions comes in it, have not enough time, situation knowledge and some time not specialized means experienced people. That’s why it is called irrational decisions.