User:Melissa aguilar/Techniques for Improving Decision Making

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Techniques for Improving Decision Making

Decision making is understand as a process of selecting the better choice from the available options, analyzing positive and negative aspects of the alternatives for a particular situation. Decisions determine the future of both organizational and managerial activities and achieve goals. Decision making process is continuous and indispensable for developing organization or business activities. Decisions are made at every level of the organization to ensure the achievement of the company goals. In order to choose the best strategy first the organization must:

Decision-Making Process

 * 1) 	Define the problem: Notice the real issues the company is facing
 * 2) 	Generate alternatives: Search new options and alternatives to face the problem, not only the availables one.
 * 3) 	Identify the relevant criteria: Identify the criteria relevant to the problem
 * 4) 	Weight the criteria: assign points or values to each criteria
 * 5) 	Evaluate alternatives: Analyse how well the choices will help to achieve your goals always taking in account the consequences of each alternative with the corresponding criteria
 * 6) 	Compute the optimal decision: Based on the values given to the criterias and the alternatives, ranking the results will give which is the ideal decision.

Strategies
There are different strategies or techniques for improving Decision-making processes.


 * 1) Devil’s advocacy: Requires the generation of a plan, and a critical analysis of that plan. Emphasize all the reasons that might make the proposal unacceptable in order to analyze every aspect for the strategy that will be implemented.
 * 2) Dialectic inquiry: Requires the generation of a plan (thesis) and a counter plan (antithesis) that reflects plausible but conflicting courses of action.
 * 3) Outside view: Requires planners to identify a reference class of analogous past strategic initiatives, determinate whether those initiatives succeeded or failed and evaluate the project.

There are different strategies for improve the process of decision making but the course of action that the organization will choose should be focus on the specific issues that the company is facing in order to have better results.