A632.3.3.R.B_AshbrookRichard


A632.3.3.RB_AshbrookRichard

Framing Complex Decisions



Describe the 3 different tools or approaches for dealing with complex, multiple stakeholders, and environmental decision processes in your organization. Reflect on changes or alterations you would consider ensuring the most successful process possible. Describe the elements in detail and make clear the available options and consequences.

But bring the right people and the right process together, and you’ll win every time, (www.forbes.com).

At Worldwide Jet our top managers are always trying to get the edge on the competition. They do this by efficient strategic decision making and by shifting the competitive advantages relative to other competitors and the market being served. The company recognizing that strategic thinking can no longer be limited to identifying promising industries, core competencies, and strategic positions.



Describe the 3 different tools or approaches for dealing with complex, multiple stakeholders, and environmental decision processes in your organization.

1. Building the information base

2. Identifying constraints

3. Strengthening organizational capabilities



1. Building the information base

At Worldwide jet we believe that teams outperform individuals and that teams do better

We all know that teams outperform individuals. Teams do better not only because they put more people to work on a task, but also because their diverse skills and perspectives have a multiplying effect. Smaller teams work well for this company, it keeps us more organized, involved, and productive. I believed that a great team should fill the right roles, get input from separate members and share perspectives, because decision teams have the power to widen perspectives., and to communicate the what 's and why's.



2. Identifying constraints

Clarifying decision rights and responsibilities also improved the organization’s ability to track individual achievement, which helped it chart new and appealing career-advancement paths. A brilliant strategy, blockbuster product, or breakthrough technology can put you on the competitive map, but only solid execution can keep you there. You have to be able to deliver on your intent, (www.forbes.com). The company must always know their limits and constraints, and this will improve the decision making. These boundaries may include, aircraft, time constraints, money, repairs, manpower, whatever it might be you have to consider all these factors.

At Worldwide jet we will never second-guess.



3. Strengthening organizational capabilities

At Worldwide Jet, we have employed and brought into very sophisticated DSS systems and software to analyze the firm's databases and turn them into information useful for decision makers. From my understanding of what this DSS can translate raw data into a form useful for decision support. Many decisions must be made in the absence of complete information. At this company we have to forecast for the future on buying equipment and hiring personal. Decision makers can sometimes clarify the problem they are working on by listing what could happen and assigning probabilities to each possible outcome (a formal representation of this is known as a decision tree), (www.forbes.com).



Risk Management

At Worldwide Jet we take risk very seriously and it can affect sound decision making.

Risk is the potential that a decision will lead to a loss or an undesirable outcome. In fact, almost any human decision carries some risk, but some decisions are much riskier than others. Risk and decision making are two inter-related factors in organizational management, and they are both related to various uncertainties, (link.springer.com).



References

https://www.forbes.com/sites/eriklarson/2017/03/23/3-best-practices-for-high-performance-decision-making-teams/#546f69f4f971

Hoch, S., Kunreuther, H. (2001). Wharton on making decisions. Hoboken, NJ: John Wiley & Sons Inc.

https://link.springer.com/chapter/10.1007/978-3-642-25755-1_1

Comments

Post a Comment

Popular posts from this blog

A632.4.4.RB - Deception in Negotiations During negotiations, people often misrepresent information to gain at least a temporary advantage. For example, a seller may fabricate existence of another interested buyer or a buyer may misrepresent the price and availability of an item from a different vendor. Reflect on deceptions in negotiations and describe four ways to reduce your vulnerability to deception during negotiations. Relate an example of a recent negotiation in which you were misled and one in which you may have overstated a claim. In the case of the overstatement, how far would you have gone, or did you go, to leverage your position? There are many different negative methods used during negotiation and some are generally more acceptable than others. Anton (1990) describes four strategies that are used. In order of acceptability these are: misrepresentation, bluffing, deception and falsification. Misrepresentation occurs in negotiation where a person deliberatel...
Read more

A632.3.4.R.B_ashbrookrichard

A632.3.4.RB Shoemaker and Russo (in Hoch) discuss the hazards associated with "frame blindness" and how to guard against them. Discuss three ways you can avoid "framing traps" and provide a detailed example of each from your life experience. Could you have framed each situation differently? What did the exercise teach you about complex decision-making? What additional tools or "frames" might have helped you through the process? How was "risk" a factor in your examples? What did you learn about yourself through this exercise? In a moment of decision, the best thing you can do is the right thing to do. The worst thing you can do is nothing. -Theodore Roosevelt\par Power of Intuition Making timely and correct decisions is an important part of many jobs, but few professions require this skill at the level of a pilot flying a large, transport category airplane, (aviation week.com). As a pilot we are face with decisions ...
Read more

A632.6.3.RB - The high cost of Conflict

A632.6.3.RB - The High Cost of Conflict As you have read, much of Levine’s work depends upon having a keenly developed ability to listen. Often, we are so busy developing our own stories, we fail to listen actively to that which we are being told, intent only on verbalizing our own personal stories. Think about the last time you “really listened” to someone else and gave them time to “get their story out”. How different was that experience from your normal communications? What did you learn? Record your experiences in this RB. If you are unable to recall such a situation, find a time/place this week to practice active listening and report on that. Air traffic control (ATC) is responsible for providing crucial information to pilots around busy airports. They communicate with pilots on designated radio frequencies to keep airport operations running smoothly and safely. 1. If a controller gives a pilot an instruction, he or she will prefix it with the aircraft's identifi...
Read more