SKILLS OF DECISION MAKING

SKILLS OF DECISION MAKING (DECISION MAKING SKILLS)

Introduction:

Decision making is an indispensable part of life. Everyone has difficulty making decisions at times. Improving your decision-making skill can help you approach decisions with more confidence. In this article let’s see the Skills of Decision Making & Techniques for Decision Making.

What is Decision?

Decision is a choice whereby a person comes to a conclusion about given circumstances/ situation. It represents a course of behaviour or action about what one is expected to do or not to do.

What are Decision-Making Skills?

Decision-making is the process of selecting one course of action from several alternative actions. It involves using what you know (or can learn) to get what you want.
To improve your decision making skills, you need to know yourself, your values and your abilities. Values are your opinions about what is “right” or “good” or “valuable.” Your values reflect what you think is important in life.

Why Decision making is Important?

Developing the skills of decision making will give you more freedom and control over your life and increase your chances of being satisfied with your decisions. A skilled decision-maker develops more alternatives from which to choose and a better chance of achieving the alternative selected.
Managers at all level in the organisation make decision and solve problems. In fact, decision‐making is the process of reducing the gap between the existing situation and the desired situation through solving problems and making use of opportunities.

SKILLS OF DECISION MAKING:

The following are required Skills for Decision Making

Elements of Decision Making

These are following elements in decision making:

The decision maker.
The decision problem or goal.
Attitudes, values and personal goals of the decision maker.
Assumption with regard to future events and things.
The environment in which decision is to be made.
Available known alternatives and their estimated or imagined outcomes.
Analytical results in the whole perspective.
The constraints.
The act of selection or choice.
Timing of decision.
Proper communication of decision for its effective execution

Techniques For Decision Making

The Decision taken is aimed at achieving the Organizational goals. Follow the below steps for taking Effective Decision.

Step by Step Decision Making Process:

Using a step‐by‐step decision‐making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives. This approach increases the chances that you will choose the most satisfying alternative possible.

Step 1: Identify the decision

You realize that you need to make a decision. Try to clearly define the nature of the decision you must make. This first step is very important.

Step 2: Gather relevant information

Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it. This step involves both internal and external “work.” Some information is internal: you’ll seek it through a process of self‐ assessment. Other information is external: you’ll find it online, in books, from other people, and from other sources.

Step 3: Identify the alternatives

As you collect information, you will probably identify several possible paths of action, or alternatives. You can also use your imagination and additional information to construct new alternatives. In this step, you will list all possible and desirable alternatives.

Step 4: Weigh the evidence

Draw on your information and emotions to imagine what it would be like if you carried out each of the alternatives to the end. Evaluate whether the need identified in Step 1 would be met or resolved through the use of each alternative. As you go through this difficult internal process, you’ll begin to favor certain alternatives: those that seem to have a higher potential for reaching your goal. Finally, place the alternatives in a priority order, based upon your own value system.

Step 5: Choose among alternatives

Once you have weighed all the evidence, you are ready to select the alternative that seems to be best one for you. You may even choose a combination of alternatives. Your choice in Step 5 may very likely be the same or similar to the alternative you placed at the top of your list at the end of Step 4.

Step 6: Take action

You’re now ready to take some positive action by beginning to implement the alternative you chose in Step 5.

Step 7: Review your decision & its consequences

In this final step, consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision. For example, you might want to gather more detailed or somewhat different information or explore additional alternatives.

Thus, by Following the above Techniques and process one can easily develop the Skills of Decision making.

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