The decision is about the future and decision effectiveness directly impacts the success of the business.
Participative Decision-Making Decision-making is both art and science. Having all the facts to make the best decision is a utopia we would all like. But in practice, each person has their own cognitive strength, knowledge limitation, background, or experience. So besides independent thinking and structural decision-making, we should always collect feedback and involve the right people for getting complementary insight in making better decisions. Technically, it is about leveraging participative decision-making style for improving decision-making effectiveness and maturity.
CollaborativeDecision-Making Due to the complexity, ambiguity, and un-predictivity of business dynamics, there are systemic consequences and impacts of decision-making in terms of hyperconnectivity and interdependency. The decision is about the future and decision effectiveness directly impacts the success of the business.
Decision Fatigues One significant effect of digitization is increased velocity, complexity, unpredictability, and ambiguity. Therefore, there is a need for a faster response to changes in business and industry based on effective and efficient decision making. In fact, decision-making is one of the most important activities for today’s digital leaders and professionals. Often people rush up to make so-so decisions or are too procrastinated to make timely decisions. Statistically, the high ratio of strategic decisions has been made poorly and causes catastrophic effects. What are the root causes of those decision failures, and how to survive from decision fatigue and improve overall business decision effectiveness?.
Agile and Participative Decision-making Participative decision-making is not a completely new concept, and it continues to be used, especially in the emerging Agile environment which promotes iterative communication, interaction, and collaboration. More broadly, different cultures, economics, education and histories have produced a variety of management styles, many of them involving a high degree of "participation decision making.”
Collective Insight in Decision Making Due to the complex and changing nature of the digital business ecosystem, more often than not, decision-making needs to take collaborative efforts and collective wisdom, brainstorm possible options and make alternative solutions. Decision-making today needs to take a systematic approach, but via nonlinear, collective thinking, the mix of analytics and intuition, and group contribution.
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Decision Master Book Summary
Decision Master Amazon Order Link
Decision Master B&N Order Link
Decision Master iBook Order Link
Decision Master Introduction
Decision Master Chapter 1 Decision Intelligence
Decision Master Chapter 2 Decision Principles
Decision Master Chapter 3 Digital Decision Styles
Decision Master Chapter 4 Decision Pitfalls
Decision Master Chapter 5 Decision Maturity
Decision Master Conclusion Five Pillars in Achieving Decision Excellence
Decision Master Quotes Collection 1
Decision Master Quotes Collection 2
Decision Master Quotes Collection 3
By: Pearl Zhuhttp://www.blogger.com/profile/[email protected]
Sourced From: futureofcio.blogspot.com/feeds/8737630489999917733/comments/default
Published Date: Wed, 24 Nov 2021 07:03:00 +0000
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