DGP: Decision Making Techniques

What is Decision Making?

The process of examining your possible options, comparing them, and choosing a course of action.

5 Hidden Traps that Can Affect Decision Making

1. The fear of upsetting the balance.

2. Anchoring and relying on first impressions.

3. Refusing to leave your eco chamber.

4. Not framing the question properly.

5. Being held hostage to the past.

5 C(s) for Decision Making

1. Construct = clear picture of what must be decided.

2. Complie = requirements that needs to be met.

3. Collect = information on alternatives that meet that requirements.

4. Compare = alternatives that meet the requirements.

5. Consider

6. Commit

Tools for Decision Making

1. SWOT Analysis = analyse the strengths, weaknesses, opportunities and threats.

2. Pros and Cons = whats in favor and whats against.

3. 6 Thinking Hats:

- White hat: facts and information, looks at what is known

- Red hat: feeling and intuition, focuses on what people think about the issue

- Yellow hat: benefits and advantages

- Black hat: caution and problems

- Green hat: creativity and solution

- Blue hat: the Conductor's hat

4. Fish Bone Analysis = A tool used to visualize all the potential causes of a problem in order to discover the root causes.