WATPI Prep

XAT/ OMET

Interview Experiences

Admissions

Upskill

Placements

RTI Response

Rankings

Score Vs. %ile

Salaries

What goes into an effective decision making process? Ft. TAS Manager

Feb 15, 2022 | 2 minutes |

Join InsideIIM GOLD

Webinars & Workshops

Compare B-Schools

Free CAT Course

Take Free Mock Tests

Upskill With AltUni

CAT Study Planner

SNAP Mock 10: Based on Slot 1&2 2024

Participants: 933

SNAP Mock 9: Based on Slot 1&2 2024

Participants: 522

SNAP Mock 8: Based on Slot 1&2 2024

Participants: 404

SNAP Mock 7: Based on Slot 1&2 2024

Participants: 343

SNAP Mock 6: Based on Slot 1&2 2024

Participants: 356

SNAP Mock 5: Based on Slot 1&2 2024

Participants: 474

SNAP Mock 4: Based on Slot 1&2 2024

Participants: 557

SNAP Mock 3: Based on Slot 1&2 2024

Participants: 735

SNAP Mock 2: Based on Slot 1&2 2024

Participants: 1034

SNAP Mock 1: Based on Slot 1&2 2024

Participants: 1679

XAT 2018 General Knowledge

Participants: 37

XAT 2019 General Knowledge

Participants: 9

XAT 2024 General Knowledge

Participants: 56

XAT 2018

Participants: 25

XAT 2019

Participants: 5

XAT Decision Making 2018

Participants: 586

XAT 2024 Decision Making

Participants: 57

XAT 2024

Participants: 38

XAT Decision Making 2021

Participants: 605

XAT 2021

Participants: 21

XAT 2021 Decision Making

Participants: 25

XAT 2023 Decision Making

Participants: 42

XAT 2022

Participants: 20

XAT 2022 Decision Making

Participants: 42

XAT 2023

Participants: 30

XAT 2020

Participants: 15

XAT 2020 Decision Making

Participants: 25

XAT 2023 General Knowledge

Participants: 39

XAT 2022 General Knowledge

Participants: 21

XAT 2021 General Knowledge

Participants: 18

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.
#SettleForMore

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