Decision Making Steps
Course of Actions
Executive Decision Making
Step 4: What is Right
The effective executive has to start out with what is "right" rather than what is acceptable because a compromise is always necessary in the end.
- Consulting Assignment: Alfred P. Sloan, Jr.
- Can't compromise unless you tell them what is right
Two Kinds of Compromise
- Proverb "Half a loaf is better than no bread"
- Judgement of Solomon " Half a a baby is worse than no baby at all"
Step5: The Action
Converting the decision into action
- No decision unless steps taken to carry them out
- Only an intention
Requires Distinct Questions
- Who has to know of this decision?
- What action has to be taken?
- Who is to take it?
- What does the action have to be so that the people who have to do it can do it?
First and last question often overlooked with dire results
Step 6: The Feedback
Information Monitoring and Reporting have to be built into the decision to provide continuous testing against actual events of the expectations that underlie the decisions.
- Made by people
- People are fallible
- Decisions do not last long
- Decision may be wrong
- Most effective becomes obsolete
Organized Feedback Used To Monitor
A decision can not be fully and accurately evaluated by studying a report
- Abstract communications
- Far removed
- Go look
- Make sure still valid or obsolete
- Think though again