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Sunday, April 09, 2017
Choice Crafting - Invention and Decision Making
Sunday, January 03, 2016
ALVIS for Innovation and Decision Making Talk at Dr Reddy's Labs
Sunday, July 12, 2009
Thursday, August 21, 2008
Six Steps for Organizational decision crafting
I may have to revive the project after reading what was written in the preface
When we look at how a decision is made and executed – we can see six steps. First step is the assessment of the situation including where we stand with respect to the environment. An enterprise is a living entity. It exists in a dynamic environment consisting of the consumers of enterprise products, competitors producing the same or similar products, suppliers of unprocessed raw material that go into making of product, employees, internal enterprise dynamics, etc. Assessing a situation keeping the interest of the enterprise as the objective becomes a Herculean task sometimes. This assessment involves collection, collation, filtering and classification of data. Next step is the explanation of why are things as they are. Events and trends have an interrelationship that result in great variations in outcome of their interactions. Accurate explanation of why are things as they are becomes an important step in any decision-making. Third step in the decision-making is the prediction, projection and forecasting. This involves analyzing what will happen if the trends continue as they are. The fourth step is generating options regarding what all can be done to align the situation as per the requirements of the enterprise. The next step is choosing the relevant option or combination of options to be executed. Once a decision has been made, the execution of the decided option requires packaging it and planning to get the relevant buy-in from all the stakeholders.
Most decisions that are made in the enterprise undergo these six steps. However, the time given to each of these decision steps varies considerably based on the value of the consequences of an incorrect decision in the mind of the decision maker, time available for decision making, accuracy of the data available at each steps. As is evident the requirements of decision-making starting from data collection to optimized execution of the chosen option are enormous.
Wednesday, August 13, 2008
debunking the "sleep over it" theory
We know that when we are faced with complexity - complex decision making situations we say, "let me sleep over it" hoping the unconscious will take over it and give us solution - a sort of background process.
Well - the article here debunks this Myth as well!
"Thinking Things Through" - I use this quote often and I think it also helps to structure the complex decision making problem into a set of problems and solution framework that helps one to have faster route to solutions.
Analytic Hierarchy process, TRIZ, and other systematic methods definitely have a higher chance of success than the "sleep over it" method!
Sunday, January 06, 2008
The Analytic Hierarchy Process
This is not a self-boasting statement, it is really the power of the method developed three decades back by Thomas L Saaty it is indeed the simplicity and natural way the AHP gets into a problem that the methodology has enormous power. My book on Strategic Decision Making - Using the AHP shows the width of the method that I have used to solve real-world strategic decision making problems.
Since then I have used the technique to create many frameworks that have been used in variety of scenarios
1. Aligning Enterprise Initiatives with Balanced Score Card
2. Assessment of IT applications for Globally distributed scenarios
3. Creating and Evaluating multiple strategies to achieve long term objectives
etc...
Wikipedia has the Analytic Hierarchy Process entry which explains the process. There are many dedicated companies providing AHP based software packages including the Expert Choice
Yet it is such a surprise that AHP has not been so well known as some of the other techniques or methods! What could be the reason - May be the mathematics behind the technique hinders people exploring it - I have to answer this I think, yet I cant find a better method for decision making in a group setting!