Sunday, October 20, 2013

Top 5 factors that Influence of Decision Making


1. Strategy analysis about Impact of Pros and Cons
2. Experience gained from similar problem and domain experience 
3. Dynamic Thinking on situation based responses
4. Intervention of Mentor/Manager/Guide
5. Polices of organization or Self principles generated by naturally in the period of time   

Sunday, October 13, 2013

Results of Decision-Making…

In any kind decision-making Results always involves two parties.
1) YOU (yourself/your group/your origination/your business/your team) and another one
2) OTHERS (other individual/other team/another subordinate/other company/Society)



 Every Action has an Equal and Opposite Reaction?  It is proven statement in the science discipline.
Similar theory is applicable in the management decision also, most decision–making outcome yield any of the following results in the table 

TYPE
YOU
OTHERS
DM1
Win
Win
DM2
Win
Lose
DM3
Win
No Impact
DM4
Lose
Win
DM5
Lose
No Impact
DM6
Lose
Lose
DM7
No Impact
No Impact


 DM1 and DM3 - Most correct and growth decision
DM2 , DM4, DM5, DM6 and DM7 – need lot of improvement in needed in you decision making skill. 

So any decision output we can find out .. how efficient we are making the decisions. It is applicable in the Personal life as well.  

Sunday, October 6, 2013