What goes into an effective decision making process? Find out this and more in an insightful article written by TAS manager, Vasundhara Narang.
Every decision we make is a shift from what we want to do to who we become. It’s the same for organizations, and naturally a pressure inducing thought. Every time we enter into a problem statement, especially a time limited project or an internship, we put a lot of thought into the decision we take or recommend our organizations to take. Since this becomes a significant milestone of our projects, I would like to share my personal approach to Decision Making.
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Broad Frame your Problem:
We are frequently encouraged to get extensive clarity on the problem statement. This exercise might lead to narrow framing, especially when we’re working on a project. One of the best advices in framing is Broad Framing. Layering your problem with a bigger context basically means looking at a decision as a member of various decisions that need to be made, either by you or your organization. The idea is that your decision must flow with others, this makes every decision important, but almost no decision worth worrying about!
Build your own Algorithm but Seek Advice:
Wherever possible, use data to you create a solid algorithm, that supports your recommendations. Your recommendation should be substantiated by this logical working; judgements and opinions can be a value add above this foundation. This also helps to negate noise and keep one’s own biases in check. At the same time, seek out various opinions from people, not necessarily in the same industry. Especially people you trust would challenge your hypothesis. The more the decision is challenged and logically defended, more powerful it becomes.
Test for Consequences:
Every organization has a unique culture, its best advised to understand this culture, and imbibe it in your decision making. Test your decision against regrets of all stakeholders. And lastly, value expertise over experience, of others & your own. Experience is the confidence with which one believes in their judgements, might not necessarily be accurate judgements. Expertise is a special kind of experience, one that is built on constant feedback and is testable. Try and imbibe intuitions of such experts in your decision making!
Vasundhara Narang - Category Marketing Manager,
Tata CLiQ Luxury