2. DECISION MAKING
“Efficient decision-making involves a series of steps that
require the input of information at different stages of the
process, as well as a process for feedback”.
(Baker et al. 2001)
Thought process of selecting a logical choice from the
the available options.
3. Decisions
• Made up of a composite of information,
data, facts and belief.
• Data by itself does not constitute useful
information unless it is analyzed and
processed.
5. Great Leaders are
Great Decision-Makers
Emotional Intelligence
Emotional Self-Control and Decision Making
Managing Uncertainty and Choices
Limit Your Choices
Trusting Your Intuition
6. TYPES OF
DECISIONS
Programmed And Non- Programmed
Routine And Strategic
Tactical And Operational
Organisational And Personal
Major And Minor
Individual And Group
7. Applying
Ethics to
Decision
Making
Keeping promises
Not being deceitful
Treating others as they wish to be treated
Not blaming others
Making informed decisions without favouritism
Working to make the work or organizational
environment better
Operating within the law
Minimizing hardships and helping others when
possible
8. Decision-making Process
• Define the problem
• Determine the requirements that the solution to the problem
must meet
• Establish goals that solving the problem should accomplish
• Identify the alternatives that will solve the problem
• Develop valuation criteria based on the problems
• Select a decision making tool
• Apply the tool to select a preferred alternative
Check the answer to make sure it solves the problem
9.
10. Decision-
making
Shortcuts
Using a Heuristic
Applying a rule of thumb or an approximation
as a shortcut to decision making.
Anchoring
Unconsciously giving disproportionate weight
to the first information available.
Adopting a Psychological Set
The tendency to rely on a rigid strategy or
approach when solving a problem.
Perception (Personal Bias)
The unique way each person defines stimuli,
depending on the influence of past experiences
and the person’s present needs and personality.