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NHRDN Virtual Learning Session on Dynamic Decision Making
 

NHRDN Virtual Learning Session on Dynamic Decision Making

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Speaker: Mr. R Mahesh Iyer

Speaker: Mr. R Mahesh Iyer

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NHRDN Virtual Learning Session on Dynamic Decision Making NHRDN Virtual Learning Session on Dynamic Decision Making Presentation Transcript

  • 1 DYNAMIC DECISION MAKINGNHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 1600 hours Designed and presented by CA. R Mahesh Iyer Acclaim’s
  • DYNAMIC Agenda 2 DECISION MAKINGDEFINITIONS AND CONTEXTDECISION VERSUS PROBLEM SOLVINGCOMPONENTS OF DYNAMIC DECISIONSFRAMEWORK AND BENEFITSQ&A © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC DEFINITION OF DECISION 3 DECISION MAKING1.Deliberately , for 1 choice from 2 or more , proactively opting to optimize an outcome2.Dictionary : to determine, to resolve, to make up ones mind © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC DYNAMIC FRAMEWORK 4 DECISION MAKING GovernanceWinning GLOW Leadership Ownership © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC LEADERS 5 DECISION MAKINGThree kinds of Leaders 1.Who make things happen 2.Who watches things happen 3.Who wonders what happened in the first place © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC Poll 1 6 DECISION MAKINGNHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC FEAR 1 7 DECISION MAKING Nowhere© 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC FEAR 2 8 DECISION MAKINGBoss © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC FEAR 3 9 DECISION MAKINGTo act or not © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC Poll 2 10 DECISION MAKINGNHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC ORGANISATIONS 11 DECISION MAKING1 2 3 4 © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC Poll 3 12 DECISION MAKINGNHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMICDecision versus Problem 13 DECISION MAKINGDECISION PROBLEMMAKING SOLVING• Strategic • Tactical• Generic • Problematic• Furturistic • Current• Proactive • Reactive• Larger Impact • Localised• Dramatic results • Solves issue © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC DECISION TYPES 14 DECISION MAKING 1. CLASSIC Step Step Step Step Step Step Step Step 1 2 3 4 5 6 7 8 Define Understand Identify Evaluate Prioritise Buy -in Action Review2. MODERN Why When Where Which What Who How3. JUGGAD4. DEFAULT © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC Poll 4 15 DECISION MAKINGNHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC What have we covered so far? 16 DECISION MAKING1.Leadership Styles2.Common Fears3.Organization Types4.Decision v/s Problem5.Decision Types © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC DECISION TYPES 17 DECISION MAKING5. DYNAMIC COMPONENTS D ATA E CONOMICS C ONTEXT I NNOVATE S TAKEHOLDERS I NTEGRITY O UTCOME N AVIGATE © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC PARETO’s LAW 18 DECISION MAKING Rule of Focus90% 80%80%70%60%50%40%30% 20%20%10%0% Decisions Impact Decision Rule © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC DATA 19 DECISION MAKING1. What data we have?2. What data we need?3. Where will we get it?D © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC ECONOMICS 20 DECISION MAKING1. Faster, Better , Cheaper2. Value – how many times3. Competitive AdvantageD E © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC CONTEXT 21 DECISION MAKING1. Why required?2. What options available?3. Collaboration required?D E C © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC INNOVATE 22 DECISION MAKING 1. New ideas 2. Creative 3. FuturisticD E C I © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC STAKEHOLDERS 23 DECISION MAKING1. Customer/ Company2. Employees3. FamilyD E C I S © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC INTEGRITY 24 DECISION MAKING 1. Company Ethics 2. Own Ethics 3. Audit TrialD E C I S I © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC OUTCOMES 25 DECISION MAKING1. Owner - Vision2. Objectives/ Goals/ KRA3. Risk MitigatedD E C I S I O © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC NAVIGATE 26 DECISION MAKING1. Communicate2. Execute3. Review and shareD E C I S I O N © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC DECISION FRAMEWORK 27 DECISION MAKING Governance Leadership Ownership Winning Navigate OutcomesD IntegrityYN StakeholdersA InnovateMI ContextC Economics Data © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC RECAP OF THE BENEFITS 28 DECISION MAKINGRobust procedure, applying thought, logic to make decisions• I nclusive - take into account the interests of all stakeholders• D efensible - takes into account the relevant Values & Ethics• O ptimal - in both terms of RESULTS and RISK• A ctive – More PROACTIVE than reactive• S ensible - Understandable to EXECUTE• I mplementable – SMART principles• X times VALUE add - to the organization or individual Success comes from DYNAMIC DECISIONS © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC Just like the LIFE on earth 29 DECISION MAKINGdepends on the Sun’s GLOW © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC LIFE of an organization 30 DECISION MAKINGdepends on YOU making DYNAMICDECISIONS © 2012 Acclaim Management Solutions All Rights Reserved.
  • DYNAMIC Live Q & A 31 DECISION MAKINGor write to RMAHESHIYER@GMAIL.COM CA. R Mahesh Iyer Coach -Trainer -Consultant Chief Evangelist www.acclaimindia.com © 2012 Acclaim Management Solutions All Rights Reserved.
  • 32 DYNAMIC DECISION MAKING Acclaim’s© 2012 Acclaim Management Solutions All Rights Reserved.