Decision Making Process PPT Revised
Decision Making Process PPT Revised
Decision Making Process PPT Revised
PROCESS
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DECISION MAKING
- is the process of making choices by identifying a decision,
gathering information, and assessing alternative resolutions.
To make a decision, you must first identify the problem you need to solve or the question
you need to answer. Clearly define your decision. If you misidentify the problem to solve,
or if the problem you’ve chosen is too broad, you’ll knock the decision train off the track
before it even leaves the station.
If you need to achieve a specific goal from your decision, make it measurable and timely.
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Step 2: Gather relevant
information
Once you have identified your decision, it’s time to gather the information relevant to that
choice. Do an internal assessment, seeing where your organization has succeeded and
failed in areas related to your decision. Also, seek information from external sources,
including studies, market research, and, in some cases, evaluation from paid consultants.
Keep in mind, you can become bogged down by too much information and that might
only complicate the process.
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Step 3: Identify the
alternatives
With relevant information now at your fingertips, identify possible solutions
to your problem. There is usually more than one option to consider when
trying to meet a goal. For example, if your company is trying to gain more
engagement on social media, your alternatives could include paid social
advertisements, a change in your organic social media strategy, or a
combination of the two.
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Step 4: Weigh the evidence
Once you have identified multiple alternatives, weigh the evidence for or
against said alternatives. See what companies have done in the past to succeed
in these areas, and take a good look at your organization’s own wins and
losses. Identify potential pitfalls for each of your alternatives, and weigh those
against the possible rewards.
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Step 5: Choose among
alternatives
Here is the part of the decision-making process where you actually make the
decision. Hopefully, you’ve identified and clarified what decision needs to be
made, gathered all relevant information, and developed and considered the
potential paths to take. You should be prepared to choose.
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Step 6: Take action
Once you’ve made your decision, act on it! Develop a plan to make your
decision tangible and achievable. Develop a project plan related to your
decision, and then assign tasks to your team.
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Step 7: Review your decision
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.
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THANK YOU!
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