In this blog i will talking about the stages of decision making and what is involved in these stages. The four stages in a decision making process are:
Intelligence – Identify the problem that is occurring in the organisation.
Design – Identify and explore the solutions to the problem.
Choice – Choosing the correct solution for the problem.
Implementation – Making your final decision to work and continue to monitor how the solution is working.
Step 1: Identification of the purpose of the decision:
In this step, the problem is thoroughly analysed. There are a couple of questions one should ask when it comes to identifying the purpose of the decision.
- What exactly is the problem?
- Why the problem should be solved?
- Who are the affected parties of the problem?
- Does the problem have a deadline or a specific time-line?
Step 2: Brainstorm and analyse the different choices:
For this step, brainstorming to list down all the ideas is the best option. Before the idea generation step, it is vital to understand the causes of the problem and prioritization of causes.
For this, you can make use of Cause-and-Effect diagrams and Pareto Chart tool. Cause-and-Effect diagram helps you to identify all possible causes of the problem and Pareto chart helps you to prioritize and identify the causes with highest affect.
Then, you can move on generating all possible solutions (alternatives) for the problem in hand.
Step 3: Select the best alternative:
Once you go through from Step 1 to Step 5, this step is easy. In addition, the selection of the best alternative is an informed decision since you have already followed a methodology to derive and select the best alternative.
Step 4: Execute the decision:
Convert your decision into a plan or a sequence of activities. Execute your plan by yourself or with the help of subordinates.
Step 5: Evaluate the results:
Evaluate the outcome of your decision. See whether there is anything you should learn and then correct in future decision making. This is one of the best practices that will improve your decision-making skills.
I hope this blog was helpful in explaining the stages of decision making.