Most of us can find opportunity in both our personal and professional lives to increase the effectiveness of our decision making process. Chapter 12 of Bazerman and Moore’s Book (2013), Judgement in Managerial Decision Making, discusses several strategies for making better decisions. Understanding and practicing these strategies are valuable advantageous to making better decision.
One useful strategy to use are decision-analysis tools. This involves computations to determine an options expected value. This systematic form of information is a useful tool to use computer-formulated judgements and not have our emotions get involved. This is often found in the format of a linear model in which several factors are considered. At the University I currently work at a similar model is used in the admissions …show more content…
Recruiting an outside opinion of someone you trust can provide another view of the situation that you had not considered.
Once we have mastered our own biases, it will be equally important to understand biases in others. Decision making usually involves others as well, so understanding where they stand is important. From there you may to work towards guiding them to adjust their decisions. This is accomplished by making the logic of the decision clear by comparison, assessments, estimates and using this information to evaluate the decision.
These strategies described here equip us with some useful tools when making decisions. They takes some common notions and beliefs and challenge us to look at it from another perspective. They increase awareness of differences and make suggestions for problem solving tools. The ability to evaluate a situation and apply an appropriate tactic to arrive at a decision is a skill that will benefit you in both your personal and professional
One useful strategy to use are decision-analysis tools. This involves computations to determine an options expected value. This systematic form of information is a useful tool to use computer-formulated judgements and not have our emotions get involved. This is often found in the format of a linear model in which several factors are considered. At the University I currently work at a similar model is used in the admissions …show more content…
Recruiting an outside opinion of someone you trust can provide another view of the situation that you had not considered.
Once we have mastered our own biases, it will be equally important to understand biases in others. Decision making usually involves others as well, so understanding where they stand is important. From there you may to work towards guiding them to adjust their decisions. This is accomplished by making the logic of the decision clear by comparison, assessments, estimates and using this information to evaluate the decision.
These strategies described here equip us with some useful tools when making decisions. They takes some common notions and beliefs and challenge us to look at it from another perspective. They increase awareness of differences and make suggestions for problem solving tools. The ability to evaluate a situation and apply an appropriate tactic to arrive at a decision is a skill that will benefit you in both your personal and professional