Decision Making

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Decision Making Powered By Docstoc
					2010              DECISION MAKING

                 Tips and tools for making great decisions




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Table of Contents
Introduction ..................................................................................................................................... 3
Decision making defined ................................................................................................................ 3
Decision making steps and tools ..................................................................................................... 4
   1. Define the problem or issue ................................................................................................. 4
   2. Gather information ............................................................................................................... 5
   3. Brainstorm............................................................................................................................ 5
   4. Understand the implications ................................................................................................ 5
   5. Select the best option ........................................................................................................... 6
Special decision-making tools ........................................................................................................ 6
   1. Pareto Analysis .................................................................................................................... 6
   2. Pro-Con List ......................................................................................................................... 8
   3. Cost Benefit ......................................................................................................................... 9
   4. Six Thinking Hats .............................................................................................................. 10
Make the decision ......................................................................................................................... 11
Decisions, decisions, decisions ..................................................................................................... 13




© Copyright 2010 Docstoc Inc.                                                                                                      2
Introduction
Some decisions are pretty easy: Should I make a fresh pot of coffee this morning? Should I
return my friend’s call? Should I set my alarm clock so that I don’t sleep through my first
meeting?


Some decisions, however, are anything but easy: Should our company invest in this multi-
million dollar software upgrade? Should I use my summer vacation to travel, work on the house,
or volunteer? Should I quit my job and start a freelance business?


Regardless, everyone 
				
DOCUMENT INFO
Description: Article on decision-making tools, tips, and processes.
This document is also part of a package Effective Leadership Starter Kit 9 Documents Included