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Effective decision making is the process of arriving at decisions that are timely, informed and reasonable. This can involve the generation of ideas, research, consulting experts and stakeholders, modeling a decision and the bravery to choose the decision that you believe to be correct. Effective decisions are made by an individual who is accountable for the decision. Decisions made by groups such as committees without an individual who is accountable are likely to be irrational. The following are examples of techniques that can be used in the formation of effective decisions followed by a guide to each.
Benchmarking | Brainstorming | Business Analysis | Business Experiments | Consensus Building | Creative Tension | Creativity of Constraints | Decision Analysis | Decision Authority | Decision Balance Sheet | Decision Criteria | Decision Framing | Decision Mapping | Decision Matrix | Decision Modelling | Decision Rationale | Decision Tree | Design Thinking | Gap Analysis | Goal Setting | Intuition | Objectivity | Opportunity Cost | Pareto Analysis | Premortem | Preserving Ambiguity | Prioritization | Problem Statement | Reasoning | Research | Reverse Brainstorming | Risk Identification | SWOT Analysis | Sanity Check | Satisficing | Scenario Planning | Strategic Planning | Systems Thinking | Think Aloud | Thought Experiment |
Effective Decision Making
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A comprehensive list of decision making strategies.
Flipping a coin is a well known technique that is used for decisions that are too close to call or as a form of arbitration.
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