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This slide deck will guide business leaders on how to make as well as facilitate sound, quick decisions. Lack of making decisions impacts the progress of teams and hence productivity. We take this for granted but will be surprised to learn how many resources are wasted due to a lack of speedy, sound decisions.
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Effective Decision Making
Anita Rao
April 2013
Y?
Once you make a decision, the universe
conspires to make it happen. ~Ralph Waldo
Emerson
Agenda
3 Cs of Decision Making
Two approaches to decision making
Point-counterpoint
Tool – Logical Decision Making
Decision making framework
Q&A
The 3 Cs of Decision Making
• Convey openness
• Listen attentively
• Explain rationale behind the decision
• Deciding too early
• Deciding too late
• Require vigorous debate
• Prohibit language that triggers defensiveness
• Break up natural coalitions
• Shift individuals out of natural grooves
• Challenge stalemated participants
Consideration Closure Constructive Conflict
Source David Garvin & Michael Roberto
Two approaches to Decision Making
Advocacy Inquiry
Concept of decision
making
A contest Collaborative problem
solving
Purpose of discussion Persuasion & lobbying Testing and evaluation
Participant’s role Spokespeople Critical thinkers
Patterns of behavior Strive to persuade others
Defend your position
Present balanced arguments
Remain open to alternatives
Minority views Discouraged or dismissed Cultivated & valued
Outcome Winners & losers Collective ownership
Source David Garvin & Michael Roberto
Structuring the debate – Point-counterpoint
Team divided into 2 groups
• Generate one or more alternative plans of action
• Develop a proposal
• Flush out recommendations, key assumptions & critical supporting data
• Present the proposal in written & oral forms
Group A Group B
6
Subgroups come together. Debate proposals, seek agreement on common set of assumptions. They strive to agree on a common set of recommendations.
Source David Garvin & Michael Roberto
Tool – Making Decisions Logical &
Defensible
Selection
Criteria
Selection
Criteria
Option 1 Option 2
Brainstormed
Criteria
Criteria
clarified &
ranked
Highest
Rated
Option Second
Highest
Rated
Option
Risks &
limitations
How the risks
can be
minimized
Risks &
limitations
How the risks
can be
minimized
Assess risks and limitations for each of the highest rated options
Source Murray Hiebert & Bruce Klatt
Improving decision making
A Framework
List & prioritize the decisions that must be
made
Assess the factors that go into each, frequency, what information is available to support it
Design the roles, processes, systems & behaviors
Institutionalize tools & assistance
1 2 3 4
Source Thomas Davenport
Using the power of decision gives you the capacity to get past any
excuse to change any and every part of your life in an
instant Anthony Robbins
Thank You
Twitter @anitaprao;
Blog:
http://anitapaulrao.wordpress.com/
Linkedin:
www.linkedin.com/in/anitarao
Slideshare
http://www.slideshare.net/raoanita