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Showing posts with label techniques of decision making. Show all posts
Showing posts with label techniques of decision making. Show all posts

Wednesday, May 24, 2017

TECHNIQUES OF DECISION MAKING

In the models of decisionmaking, you must have observed that any systematic approach to decision making starts with a proper definition of the problem. You will often experience that a problem well defined is a problem half-solved because the proper definition helped you to search at relevant place for promising alternatives. You would also agree that a "fair" approach to decision-making demands that parameters (for judging alternatives which are sometimes referred to as "criteria", "level of aspiration", "decision rules", etc.) should be explicitly developed before the alternatives are generated and not after. This imperative minimises the chances of unnecessary compromise which is the hall-mark of a low-quality decision. However, once you have developed the criteria, keep them aside and forget about them at the time of generation of the alternatives. This dissociation of criteria from the alternative-generation phase will improve your chance of coming up with a reasonably sufficient number of alternatives. You will understand the importance of generating a "reasonable" number of alternatives by the simple realisation that the quality of a decision can be no better than the quality of the alternatives that you identify.

Identification of Alternatives

Generation of a reasonable number of good alternatives is usually no problem. Occasionally, however, developing a variety of good alternatives can be a complex matter requiring creativity, thought, and study. Three means for generating alternatives are particularly well-known. These are brainstorming, synectics, and nominal grouping.

Brainstorming: Developed by Alex F. Osborn, brainstorming is the oldest and best known technique for stimulating creative thinking. It involves the use of a group whose members is presented with a problem and is asked to develop as many potential solutions as possible. Members of the group may all be employees of the same firm or outside experts in a particular field. Brainstorming is based on the premise that when people interact in a free and uninhibited atmosphere they will, generates creative ideas. That is, as one person generates an idea it serves to stimulate the thinking of others. This interchange of ideas is supposedly contagious and creates an atmosphere of free discussion and spontaneous thinking. The objective is to produce as many ideas as possible in keeping with the belief that the larger the number of ideas produced, the greater the probability of identifying an acceptable solution.

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