Decision-Making Upgraded Part 1

This is the second blog in the Decision making series. You can read the previous blog here: Introduction.

Around 40% of executive decisions go through a structured process and employ frameworks or methods of decision making .

Frameworks are about the process of making the decision.

Methods are about how to make the actual decision.

Some of the major ones are listed below.

Frameworks

Methods

With the age of the AI, it is more and more convenient and dangerous to make decisions using frameworks.

The endeavour of this blog is not to give a better understanding of these decision making frameworks.The intention is to help the reader understand that the considerations talked about in the previous blog and the methods available lead to multiple permutation and combinations of whether, when, why and where to use these models. Hence the 'decision maker' becomes significant.

Here are a few things not to do as a sound decision maker:

• Not paying attention to considerations(Reversibility, expertise of decision maker, etc) before making decisions.

• Using the same method to make all decisions.

• Going polar: Completely Structured Vs Completely unstructured

• Blindly follow AI decision making ( because it can make sense of data at scale)

• Equating Title for Expertise and assessing capability.

Stay tuned for more on structured decision making in the upcoming blogs.

#coaching #executivecoaching #decisionmaking