Decision-Making in Complex Situations is Never Easy
by Madhurima Tiwari
1. Identify Critical factors which will affect the outcome of a Decision.
Being a strongly skilled decision-maker requires having excellent analytical and interpretive skills. These are used to determine the issues that must be addressed and accounted for in the deliberative and implementation phases.
2. Evaluate options accurately and establish priorities.
Effective leaders can assess the quality of alternatives and explain the reasons behind that evaluation.
3. Anticipate outcomes and see logical consequences.
Adept strategists draw logical inferences in precisely defined and tightly structured contexts. This allows them to see the applications and the implications of all factors that shape and constrain decision making. Government regulations, policies, basic assumptions, core principles and protocols should be considered.
4. Navigate risk and uncertainty.
The most accomplished managers judge the most probable and best justified inferences to draw in uncertain contexts. Information given may be uncertain or ambiguous, and the best inference is not a foregone conclusion. The future is always unknown.
5. Reason well in contexts requiring quantitative analysis.
Leaders must be able to analyze, interpret and evaluate vital information as presented in charts, graphs, text or tables. They must understand what the numbers mean and how this impacts their options.
Madhurima Tiwari MBA
FinTech Manager
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