Thursday, August 27, 2009

Smart Choices


An effective decision making process will fulfill these 6 criteria:

> it focuses on what's important
> it is logical and consistent
> it acknowledges both subjective and objective factors and blends analytical with intuitive thinking
> it requires only as much info and analysis as is necessary to resolve a particular dilemma
> it encourages and guides the gathering of relevant info and informed opinion
> it is straightforward, reliable, easy to use and flexible

The 8 elements of Smart Choices:
Problem
Objectives
Alternatives
Consquences
Tradeoffs
Uncertainty
Risk Tolerance
Linked Decisions

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