10- Feature of A Decisive Situation Introduction Writing a cheque and paying to payeeirreversible but to remedy in next decisiondec ision

makers has authority over resourcewhat he hope to achieve by allocating the resources Decision VS Objective R&D--- Why its important decision consistent with he considerdecisions are genera lly for wealth, happiness security, social and fairness Decision itselfchance/ unknown eventsresults Decisions implications evaluate possible implication between action and objectiv es Decision maker uses three features-- Decision to be made- the chance and unknown events develops relationship between these models-sees outcomes of these implications Features of a decision situation Choose alternative and again uncertainty comes into playoutcome is the result of decision situation and measures on decision maker values For richness may result to poorness Good decision vs good outcomes Example: Buy a lottery ticket and winning---buying decision might or might not h ave been good but outcome good Why its important: A bad decision may lead to good outcome Quality be evaluated on decision makers alternate, info, values and logic at the time decision is made Strategy vs Goals: Example: spending in one project -- stopping funding on stalled project anoth er strategy related Why is important: collection of action that decision maker takesone of the possible outcomes is att ainment of that goal Portfolio problem investment decision and investing in among good return--- less profitable investment due resource Decision vs prioritization: Example: funding development project A than B and B than C What is important: prioritization is tool to decision prioritization might be an intermediate step en route to decision Some decision offer the opportunity to adopt a particular type of decision calle d an option Alternate vs option Drilling oilpay money to reserve upto geology study is completed Value decisions are reserving the option Its adding value to option Un certainties Decision, making easy once predictability can be forecasted Probability distribution ---know the uncertainty which could affect the decision Outcome and values Economic factorfuture costvalue of scenario(direct/indirect) increase of good wil l impacts on other product too Risk Attitude of individual Value within received resource future outcome like insurance --- gamble as brea keven operation Decision making in personal life Listing adv/ disadv Using random method Accepting first option Acquiescence to person expertness

 Astrology Process of effective decision Life is filled with choices and decision but at time difficult decision importan t to make good decision Compulsory and optional decision At time compulsion as house mortgagerschanging life style Choice of decision and how you implement would be important Real life Life limited with constraints i.e fianc, job etc where one doesnt have choice There are more than one correct decision / wrong decision may go not for right d ecision but an appropriate and effective decision Appropriate Decision Consider facts: Responsibility Some decisions are not choice but requirement care for childrens health Spontaneity vs impetuousness (rash) There are reasons to act on whims but acting without thinking can be impetuous a nd fool hardly Long term effect Difficult to reverse like buying house, changing job etc Dynamic Decision making Based on ubiquitousagreement with world and individuals It gives unity with diversity; Decision Devolution: social collective to decide rather individuals Ubiquity: offers robustness through agreements between similarity than identical Automation: on ubiquity base extend intrinsic human capability with automatic s emantic and cognitive decision makers Integration: between people and machines managed through mixed initiative strate gies and by equipping cognitive machines with storytelling techniques Distributed: robustness and mission orientation Social coordination: automated social agreement protocols and social policies Management level: arises from commonalities of location and intent Be Wise decision Maker Define as specifically as possible, what decision is need to be made When importancewho will effect- real necessity what value Write down as many alternatives as you can think of Brainstorming- imagination free this is not judgmental time Think where you could find more information about possible alternatives Few alternative place where you can look for info--- included others and materi al Check out your alternatives Specific of each option, more ideas will pop into you write down and check outco me of those too Sort through all the alternatives Write down the valueslook for alternatives cross the alternatives of the list Visualize the outcome of each alternative Picture the alternative will look like write your own impression Do a reality check Which alternative is most likely to happencross out most likely not happening? Which alternative fits best? Most comfortable felt--- those are wise decision Get started Worrying will not cause you grief as you did your best can change mind option p ersist How is it going? Stand or make adjustment didnt u havent enough infowas it else value Role of leaders in decision making How solitary act is brought about to shape in action

Your role as leader Remember as generic role of leader Leaderquality of personality and character Situationpartly constant , partly varying Group--- follow their needs and value Group have personality All need are not unique Overlappingtask needindividual need- team maintenance need Task Need Climb hill but cant climb mount everst People feel frustrated if prevented doing common task Team Maintenance Need Task need concern vs people dont cooperate How external and internal pressure works United we stand devided we fall Develop group cohesiveness Individual need Physiological needrecognition status Three circle interest Three needs and overhead projects shaping colour over it --- if not clear it per sist Function of leadership Quality what you perform Action oriented leadership- role performed Achieving the roledeveloping the individual- building and maintaining the team Function: define the task- planning briefing- controllingevaluating- motivatingorganizing- providing example Shared decisions have motivated factor