What is Decision Making?
One of the primary functions of modern management is sound business Decision Making. It is one of the decisions that a leader makes. Business decision boosts him up the ladder of success in an organization; Decision Making and leadership go hand in hand. Decisions are courses of actions that managers consciously take to reach to a desired conclusion. The decisions taken effect the outcome directly as well as adversely; which is why decision making skills are highly sought in managers and executives today.
Decision Making is an essential and very important skill in the business tool kit of professionals in the 21st century. Good managers and executives are more often than not recognized for their ability to make good decisions. Being able to properly analyze a situation and make the right decision in the moment will not only advance a manager’s career, but make him or her a key player in organizational success.
It is important to understand that decision making in management has two distinctive parts; one has all encompassing, methodical and analytical Decision Making process steps that are to be followed, to minimize the margin of error in a pressured and demanding environment. The other part includes the emotional intelligence element in good decision making that takes into account the human aspect, long-term consideration and the understanding of emotions as a powerful tool in decision making.
Decision Making Strategy
Decision Making skills are closely linked with strategic thinking and strategic leadership. Successful strategists are those who can make decisions while keeping the end in mind; in the short term as well as the long term. Decision makers need to have vision and mission – only then would the decisions that they take and make have a positive effect on the organization. Through invigorating and insightful Decision Making exercises; our facilitators provide the participants the impetus to clarify their goals, vision and mission, align it with their own and take steps to establish decisions that have a positive and echoing effect.
Powerful debriefs provide participants with retrospective insights and an intrinsic motivation to evaluate their behavior, in light of new information gleaned through the activities and discussions, and make sound decisions on that basis, in their professional life to change their current behavior to show results.
Group Decision Making
Another facet of decision making in organizations is making them with teams and groups. Smooth and sound group decision making that includes everyone by taking into account diversity, difference of thought, conflict of opinion and suggestions of everyone is the hallmark of a considerate and progressive minded leader. Such a decision making process not only involves business acumen and emotional intelligence but to a large extent also involves people insight and the ability to inspire your team. Since, decision making is a skill that cannot be learned from simple lectures and models, it needs to be learned through practice and experience; Training Impact’s Training Programs sessions are based on the concept of Experiential Learning where the activities are designed to provide an experience to the participants that enables them to make decisions in tough situations. Afterwards, the debriefs evaluate the decisions in details, catalog the behaviors and feelings, find out the root cause that led to that decision and finally connect it the workplace situation of the participants.
Decision Making models, decision making styles and decision making techniques are all incorporated into this method of Learning and Development to gain maximum, long-term results that have a rippling impact on the business professionals outlook as well as the productivity and performance of the company.
Decision Making Echoes
Decision making skills have a wide-ranging impact on other skills and pervasive areas of an individual’s professional life. They have an impact on the accountability, clarity of objectives, autonomy, problem solving acumen and Personal Excellence of an executive, manager or any business professional who undertakes its learning.
Most importantly, decision making by default or in correlation assists in the day to day problem solving of individuals. Because problem solving is, in a nutshell, the choosing of a particular course of action out of many options to best expend of the hurdles that arise in the process of goal fulfillment.
Apart from its more practical implements and applications in other areas, sound and good decision making also has a lot of emotive components attached to it. It is a great boost to self confidence and gives an individual impetus to assert themselves. Because good decisions are directly correlated with productive outcomes, the individual(s) in question also have a higher level of job satisfaction and chances of advancement within the company. Because that is the type of people who are likely to excel and be next in line to spearhead the company; those who are capable of making tangible the strategic vision of the company through the decisions that they make.
By going through the Decision Making process and the decision making steps, in the programs offered by Training Impact, individuals will learn how to make actionable change in the organization that has a powerful impact. They will also learn to engage in powerful discourses on how to influence decision makers as well. By knowing the tactics and implications of good decision making, leader followers have the skills and tendencies, thus, to influence their leaders who are the actual decision makers. This could prove to be fruitful for the individual, their team and the company as a whole. The solutions offered by Training Impact, enable an individual to take the initiative when it comes to complex situations; that, in itself, is a decision!
Decision Making Model by Training Impact
Training Programs offered by Training Impact equip the manager of today with effective decision making skills. The programs are not only geared towards highlighting the importance of decision making skills but through corporate scenarios also show the outcomes of positive decision making.
These programs are structured in such a way that their focus is on decision making in the context of change and paradigm shift. Business professionals need to adapt to change as a way of life, often resulting in economic uncertainty in which their responsibility is to make the kind of decisions that build trust and confidence in their clients as well as their employees. This is a crucial key to business growth and stability. This also includes many hands-on Experiential Learning based exercises intended to make the learning practical and applicable for the participants in real life scenarios.
Our Trainers at Training Impact, walk the participants through the sequential steps of decision making by engaging them in group decision making exercises and decision making activities. These exercises and activities are designed in a way to enhance your Leadership Development skills. This is because, according to our extensive research, sound leadership development and good decision making skills which share a strong correlation with success; individually and as a company.
This solutions is packed with up to date research and latest models that equip and assist the current business professionals in looking at the bigger picture, understanding the depth and breadth of issues faced on a daily basis, evaluate and analyze the pros and cons of every decision objectively and clearly and handling complexity in decision making with finesse.
Deciding on Decisions
In a nutshell, all of us are one decision away from a completely different path. This is especially acutely proven in business situations. A decision especially in strategy formulation can make or break the career of an individual and cause wide-ranging positive or negative effects in the company. To understand the anatomy of a decision is most important at every stage. Once the level of importance of a decision, the consequences of making it and not making it and the results are laid out in black and white; only then should a business professional, after seeking counsel if necessary, should make a decision. Keeping in mind that, decision making is a multifaceted skill that engages emotional intelligence, people skills, strategic leadership & execution and personal & professional insight.