Decisions Determine Destiny

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m n RAJU DECISION MAKING

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m n RAJU Decision making CHOOSING from among alternatives for attaining a goal. The act of reaching a conclusion.

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m n RAJU Fun decisions what food to eat

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m n RAJU Career decisions what course to study

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m n RAJU Business decisions which to enter & when to quit

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m n RAJU Life decisions whom to marry

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m n RAJU The first step to get what you want out of your life: DECIDE WHAT YOU WANT good, timely and well-considered decisions

DECISION TYPES - 1 : 

m n RAJU DECISION TYPES - 1 Coin Toss Decision Making

DECISION TYPES - 2 : 

m n RAJU DECISION TYPES - 2 Intuitive Decision Making - impulsive - based on experience

DECISION TYPES - 3 : 

m n RAJU DECISION TYPES - 3 Analytical Decision Making - well considered - step by step

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m n RAJU O - Objectives to attain A - Alternatives available R - Risks possible OAR approach

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m n RAJU Co6 Approach

CONSTRUCT : 

m n RAJU CONSTRUCT What precisely is the problem? Why should it be solved? For what purpose is the decision? ?

COLLECT : 

m n RAJU COLLECT What factors are involved? Ask questions. Brainstorm. Gather data.

COLLECT : 

m n RAJU COLLECT I keep six honest serving-men They taught me all I knew; Their names are What and Why and When And How and Where and Who. - Rudyard Kipling

COMPILE : 

m n RAJU COMPILE Organize the data. List all possible choices. List requirements to be met. Fix criteria to judge alternatives.

COMPARE : 

m n RAJU COMPARE Consider from different perspectives. Determine pros and cons of each. Evaluate each choice. Consider what might go wrong.

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m n RAJU Paired Comparison Ideal to compare two or more options. Prepare a T chart of pros and cons. Evaluate their relative importance. Select the one with the most advantages.

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m n RAJU Pareto Analysis List competing options. Score them appropriately. Work on the option with highest score.

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m n RAJU Many good options and many factors. List options as rows & factors as columns Give weightage. Score each option. Select the one with highest score. Grid Analysis

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m n RAJU Grid Analysis

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m n RAJU Alternatives What Car to Buy?

COMMIT : 

m n RAJU COMMIT Determine the best decision. Transform that decision into action. Make your decision work. Execute it.

CONSOLIDATE : 

m n RAJU CONSOLIDATE Check if your decision is working. Modify, if necessary. Strengthen your efforts. Figure out lessons for reuse.

Practice decision making : 

m n RAJU Practice decision making "Sir, What is the secret of your success?" "Good decisions.""And how do you make good decisions?“"Experience.""And how do you get experience?“"Bad decisions."

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m n RAJU Decide who should be discarded: A PREGNANT WOMAN AN IMMORAL PRIESTESS AN OLD FILM ACTOR A WISE POLITICIAN Decide who should be discarded: THE WOMAN has AIDS THE PRIESTESS is socially active THE FILM ACTOR is being considered for an Oscar THE POLITICIAN has terrorist links Decide who should be discarded: THE WOMAN is . . . . . . . . . . . . . . . . . . . THE PRIESTESS is . . . . . . . . . . . . . . . . . . . THE FILM ACTOR is . . . . . . . . . . . . . . . . . THE POLITICIAN is . . . . . . . . . . . . . . . . . . Decide who should be discarded: A WOMAN A PRIESTESS A FILM ACTOR A POLITICIAN

Factors Affecting Decisions : 

m n RAJU Factors Affecting Decisions Goals Priorities Attitude Perception Style Demands Risks Resources Judgment Values

TIPS : 

m n RAJU TIPS Avoid snap decisions. Write down the pros and cons. Move fast on the reversible ones. Move slowly on the non-reversible.

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m n RAJU You are your top priority. How will it affect you? Will you be a better person? Can you be yourself and live your own life? You are #1 “Mine own applause is the only applause which matters.” Cicero.

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m n RAJU Be responsible for your decisions. Be prepared for consequences. Don’t be a victim of others’ decisions. Take responsibility

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m n RAJU Be flexible Changing decision could change your life. Revise at the RIGHT time. Successful people: Quick, correct decisions & slow changes. Others: Slow, wrong decisions & frequent changes

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m n RAJU Be decisive Not deciding is not “not going wrong.” Indecision is a very poor decision. A decision to not take action is different.

Be not overcautious : 

m n RAJU Be not overcautious Don’t be excessively cautious Don’t wait for the ‘best’ Don’t try to be 100% safe Failure is possible Too much of thought & little action is bad

Be not overconfident : 

m n RAJU Be not overconfident Believing we can take best decisions Overestimating our decision making skills Overly confident about ability to predict Being blind to other possibilities

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m n RAJU “Two roads diverged in a yellow wood, And sorry I could not travel both . . . . . . . . . . . . . . . . . . . . . . I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.” The Road Not Taken

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m n RAJU THANK YOU www.slideshare.net/lionnagaraju