- Thoughts, Ideas and Practice
- As defined by Baker et al in their 2001 study, “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”.
- 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.
A Decision - Is only as good as the data that informed it
- Is only as good as it is an informed one
- Is only as good as the system which exists to implement
- Is only good if you have the means to implement it
- Is only good if other people understand it and what it means
The Ideal Decision-making Process - STEP 1
- Define the problem
- STEP 4
- Identify alternatives that will solve the problem
- STEP 5
- Develop valuation criteria based on the goals
- STEP 7
- Apply the tool to select a
- preferred alternative
- STEP 8
- Check the answer
- to make sure it
- solves the problem
- STEP 2
- Determine the requirements that the solution to the problem must meet
The Reality - Is the Problem really the problem? Problems are often the symptom and not the true problem.
- Most often that not steps 5-8 are either forgotten, avoided or simply ignored.
- Urgency – is there a quick version?
- Who has time to follow-up? Tomorrow is another problem.
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