Decisions Determine Destiny

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Information about Decisions Determine Destiny

Published on October 29, 2008

Author: lionnagaraju


Slide 1: m n RAJU DECISION MAKING Slide 2: m n RAJU Decision making CHOOSING from among alternatives for attaining a goal. The act of reaching a conclusion. Slide 3: m n RAJU Fun decisions what food to eat Slide 4: m n RAJU Career decisions what course to study Slide 5: m n RAJU Business decisions which to enter & when to quit Slide 6: m n RAJU Life decisions whom to marry Slide 7: m n RAJU The first step to get what you want out of your life: DECIDE WHAT YOU WANT good, timely and well-considered decisions DECISION TYPES - 1 : m n RAJU DECISION TYPES - 1 Coin Toss Decision Making DECISION TYPES - 2 : m n RAJU DECISION TYPES - 2 Intuitive Decision Making - impulsive - based on experience DECISION TYPES - 3 : m n RAJU DECISION TYPES - 3 Analytical Decision Making - well considered - step by step Slide 11: m n RAJU O - Objectives to attain A - Alternatives available R - Risks possible OAR approach Slide 12: m n RAJU Co6 Approach CONSTRUCT : m n RAJU CONSTRUCT What precisely is the problem? Why should it be solved? For what purpose is the decision? ? COLLECT : m n RAJU COLLECT What factors are involved? Ask questions. Brainstorm. Gather data. COLLECT : m n RAJU COLLECT I keep six honest serving-men They taught me all I knew; Their names are What and Why and When And How and Where and Who. - Rudyard Kipling COMPILE : m n RAJU COMPILE Organize the data. List all possible choices. List requirements to be met. Fix criteria to judge alternatives. COMPARE : m n RAJU COMPARE Consider from different perspectives. Determine pros and cons of each. Evaluate each choice. Consider what might go wrong. Slide 18: m n RAJU Paired Comparison Ideal to compare two or more options. Prepare a T chart of pros and cons. Evaluate their relative importance. Select the one with the most advantages. Slide 19: m n RAJU Pareto Analysis List competing options. Score them appropriately. Work on the option with highest score. Slide 20: m n RAJU Many good options and many factors. List options as rows & factors as columns Give weightage. Score each option. Select the one with highest score. Grid Analysis Slide 21: m n RAJU Grid Analysis Slide 22: m n RAJU Alternatives What Car to Buy? COMMIT : m n RAJU COMMIT Determine the best decision. Transform that decision into action. Make your decision work. Execute it. CONSOLIDATE : m n RAJU CONSOLIDATE Check if your decision is working. Modify, if necessary. Strengthen your efforts. Figure out lessons for reuse. Practice decision making : m n RAJU Practice decision making "Sir, What is the secret of your success?" "Good decisions.""And how do you make good decisions?“"Experience.""And how do you get experience?“"Bad decisions." Slide 26: m n RAJU Decide who should be discarded: A PREGNANT WOMAN AN IMMORAL PRIESTESS AN OLD FILM ACTOR A WISE POLITICIAN Decide who should be discarded: THE WOMAN has AIDS THE PRIESTESS is socially active THE FILM ACTOR is being considered for an Oscar THE POLITICIAN has terrorist links Decide who should be discarded: THE WOMAN is . . . . . . . . . . . . . . . . . . . THE PRIESTESS is . . . . . . . . . . . . . . . . . . . THE FILM ACTOR is . . . . . . . . . . . . . . . . . THE POLITICIAN is . . . . . . . . . . . . . . . . . . Decide who should be discarded: A WOMAN A PRIESTESS A FILM ACTOR A POLITICIAN Factors Affecting Decisions : m n RAJU Factors Affecting Decisions Goals Priorities Attitude Perception Style Demands Risks Resources Judgment Values TIPS : m n RAJU TIPS Avoid snap decisions. Write down the pros and cons. Move fast on the reversible ones. Move slowly on the non-reversible. Slide 29: m n RAJU You are your top priority. How will it affect you? Will you be a better person? Can you be yourself and live your own life? You are #1 “Mine own applause is the only applause which matters.” Cicero. Slide 30: m n RAJU Be responsible for your decisions. Be prepared for consequences. Don’t be a victim of others’ decisions. Take responsibility Slide 31: m n RAJU Be flexible Changing decision could change your life. Revise at the RIGHT time. Successful people: Quick, correct decisions & slow changes. Others: Slow, wrong decisions & frequent changes Slide 32: m n RAJU Be decisive Not deciding is not “not going wrong.” Indecision is a very poor decision. A decision to not take action is different. Be not overcautious : m n RAJU Be not overcautious Don’t be excessively cautious Don’t wait for the ‘best’ Don’t try to be 100% safe Failure is possible Too much of thought & little action is bad Be not overconfident : m n RAJU Be not overconfident Believing we can take best decisions Overestimating our decision making skills Overly confident about ability to predict Being blind to other possibilities Slide 35: m n RAJU “Two roads diverged in a yellow wood, And sorry I could not travel both . . . . . . . . . . . . . . . . . . . . . . I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.” The Road Not Taken Slide 36: m n RAJU THANK YOU

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