NHRDN Virtual Learning Session on Dynamic Decision Making
1 like638 views
The document outlines an agenda for a virtual learning session on dynamic decision making. It discusses definitions of decision making, compares decision making to problem solving, and covers components of dynamic decisions. The framework presented includes governance, leadership, ownership, and outcomes. Leaders are categorized as those who make things happen, watch things happen, or wonder what happened. Polls are included to engage participants. Decision types such as classic, modern, and jugaad are defined. The DECISIONS acronym is introduced to outline the dynamic components of data, economics, context, innovation, stakeholders, integrity, outcomes, and navigation. Pareto's law of the vital few is presented.
NHRDN Virtual Learning Session on Dynamic Decision Making
- 1. 1 DYNAMIC DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 1600 hours Designed and presented by CA. R Mahesh Iyer Acclaim’s
- 2. DYNAMIC Agenda 2 DECISION MAKING DEFINITIONS AND CONTEXT DECISION VERSUS PROBLEM SOLVING COMPONENTS OF DYNAMIC DECISIONS FRAMEWORK AND BENEFITS Q&A © 2012 Acclaim Management Solutions All Rights Reserved.
- 3. DYNAMIC DEFINITION OF DECISION 3 DECISION MAKING 1.Deliberately , for 1 choice from 2 or more , proactively opting to optimize an outcome 2.Dictionary : to determine, to resolve, to make up one's mind © 2012 Acclaim Management Solutions All Rights Reserved.
- 4. DYNAMIC DYNAMIC FRAMEWORK 4 DECISION MAKING Governance Winning GLOW Leadership Ownership © 2012 Acclaim Management Solutions All Rights Reserved.
- 5. DYNAMIC LEADERS 5 DECISION MAKING Three kinds of Leaders 1.Who make things happen 2.Who watches things happen 3.Who wonders what happened in the first place © 2012 Acclaim Management Solutions All Rights Reserved.
- 6. DYNAMIC Poll 1 6 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 7. DYNAMIC FEAR 1 7 DECISION MAKING Nowhere © 2012 Acclaim Management Solutions All Rights Reserved.
- 8. DYNAMIC FEAR 2 8 DECISION MAKING Boss © 2012 Acclaim Management Solutions All Rights Reserved.
- 9. DYNAMIC FEAR 3 9 DECISION MAKING To act or not © 2012 Acclaim Management Solutions All Rights Reserved.
- 10. DYNAMIC Poll 2 10 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 11. DYNAMIC ORGANISATIONS 11 DECISION MAKING 1 2 3 4 © 2012 Acclaim Management Solutions All Rights Reserved.
- 12. DYNAMIC Poll 3 12 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 13. DYNAMIC Decision versus Problem 13 DECISION MAKING DECISION PROBLEM MAKING SOLVING • Strategic • Tactical • Generic • Problematic • Furturistic • Current • Proactive • Reactive • Larger Impact • Localised • Dramatic results • Solves issue © 2012 Acclaim Management Solutions All Rights Reserved.
- 14. DYNAMIC DECISION TYPES 14 DECISION MAKING 1. CLASSIC Step Step Step Step Step Step Step Step 1 2 3 4 5 6 7 8 Define Understand Identify Evaluate Prioritise Buy -in Action Review 2. MODERN Why When Where Which What Who How 3. JUGGAD 4. DEFAULT © 2012 Acclaim Management Solutions All Rights Reserved.
- 15. DYNAMIC Poll 4 15 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 16. DYNAMIC What have we covered so far? 16 DECISION MAKING 1.Leadership Styles 2.Common Fears 3.Organization Types 4.Decision v/s Problem 5.Decision Types © 2012 Acclaim Management Solutions All Rights Reserved.
- 17. DYNAMIC DECISION TYPES 17 DECISION MAKING 5. DYNAMIC COMPONENTS D ATA E CONOMICS C ONTEXT I NNOVATE S TAKEHOLDERS I NTEGRITY O UTCOME N AVIGATE © 2012 Acclaim Management Solutions All Rights Reserved.
- 18. DYNAMIC PARETO’s LAW 18 DECISION MAKING Rule of Focus 90% 80% 80% 70% 60% 50% 40% 30% 20% 20% 10% 0% Decisions Impact Decision Rule © 2012 Acclaim Management Solutions All Rights Reserved.
- 19. DYNAMIC DATA 19 DECISION MAKING 1. What data we have? 2. What data we need? 3. Where will we get it? D © 2012 Acclaim Management Solutions All Rights Reserved.
- 20. DYNAMIC ECONOMICS 20 DECISION MAKING 1. Faster, Better , Cheaper 2. Value – how many times 3. Competitive Advantage D E © 2012 Acclaim Management Solutions All Rights Reserved.
- 21. DYNAMIC CONTEXT 21 DECISION MAKING 1. Why required? 2. What options available? 3. Collaboration required? D E C © 2012 Acclaim Management Solutions All Rights Reserved.
- 22. DYNAMIC INNOVATE 22 DECISION MAKING 1. New ideas 2. Creative 3. Futuristic D E C I © 2012 Acclaim Management Solutions All Rights Reserved.
- 23. DYNAMIC STAKEHOLDERS 23 DECISION MAKING 1. Customer/ Company 2. Employees 3. Family D E C I S © 2012 Acclaim Management Solutions All Rights Reserved.
- 24. DYNAMIC INTEGRITY 24 DECISION MAKING 1. Company Ethics 2. Own Ethics 3. Audit Trial D E C I S I © 2012 Acclaim Management Solutions All Rights Reserved.
- 25. DYNAMIC OUTCOMES 25 DECISION MAKING 1. Owner - Vision 2. Objectives/ Goals/ KRA 3. Risk Mitigated D E C I S I O © 2012 Acclaim Management Solutions All Rights Reserved.
- 26. DYNAMIC NAVIGATE 26 DECISION MAKING 1. Communicate 2. Execute 3. Review and share D E C I S I O N © 2012 Acclaim Management Solutions All Rights Reserved.
- 27. DYNAMIC DECISION FRAMEWORK 27 DECISION MAKING Governance Leadership Ownership Winning Navigate Outcomes D Integrity Y N Stakeholders A Innovate M I Context C Economics Data © 2012 Acclaim Management Solutions All Rights Reserved.
- 28. DYNAMIC RECAP OF THE BENEFITS 28 DECISION MAKING Robust procedure, applying thought, logic to make decisions • I nclusive - take into account the interests of all stakeholders • D efensible - takes into account the relevant Values & Ethics • O ptimal - in both terms of RESULTS and RISK • A ctive – More PROACTIVE than reactive • S ensible - Understandable to EXECUTE • I mplementable – SMART principles • X times VALUE add - to the organization or individual Success comes from DYNAMIC DECISIONS © 2012 Acclaim Management Solutions All Rights Reserved.
- 29. DYNAMIC Just like the LIFE on earth 29 DECISION MAKING depends on the Sun’s GLOW © 2012 Acclaim Management Solutions All Rights Reserved.
- 30. DYNAMIC LIFE of an organization 30 DECISION MAKING depends on YOU making DYNAMIC DECISIONS © 2012 Acclaim Management Solutions All Rights Reserved.
- 31. DYNAMIC Live Q & A 31 DECISION MAKING or write to RMAHESHIYER@GMAIL.COM CA. R Mahesh Iyer Coach -Trainer -Consultant Chief Evangelist www.acclaimindia.com © 2012 Acclaim Management Solutions All Rights Reserved.
- 32. 32 DYNAMIC DECISION MAKING Acclaim’s © 2012 Acclaim Management Solutions All Rights Reserved.
Editor's Notes
- #14: Toyota is famous for the 5 WHY?