Friday, July 14, 2017

The Monthly “Decision Master” Book Tuning: Decision Principles July 2017

“Decision Masters” refer to the digital leaders or professionals who can leverage multidimensional thought processes, information and intuition, take a step-wise scenario for making effective decisions consistently. Decision Masters also refer to the businesses or organizations that follow a set of well-defined principles, leverage fine-tuned decision processes, efficient information management system, decision frameworks, tools, and metrics to enable people across the organization making effective decisions collaboratively.

                    Decision Principles



Five Digital Credos to Improve Decision Maturity? The businesses and the world have become more complex, uncertain, volatile, and ambiguous. So decision-making also becomes more complex, but critical for the business’s survival and thriving. Making sound judgments or decisions at either the strategic or operational level is one of the most important activities as well as the core capability for business leaders and professionals today. Here is a set of digital credos to improve decision maturity and builds business competency.


Setting Digital Principles for Effective Decision-Making? A decision is arguably a choice between two or more options. The greater majority of these options are circumstantially provided. Even with the best systems and processes, there is no “magic formula” to guarantee that you will make good decisions. Therefore, it’s crucial to set digital principles that allow different people at different organizational levels to make their own decisions individually to run in the same direction and meet the same objectives in a consistent and rapid manner and improve the decision effectiveness of the business. From the business management perspective, decision principles provide a foundation for decision-making scenario throughout an enterprise and inform how the organization sets about fulfilling its vision and goals.


“Decision Master” Book Introduction Chapter 2: Decision-Making Principles? Digital is about the increasing pace of changes and overwhelming information. One significant effect of digitization is increased velocity, complexity, ambiguity, unpredictability, and a need for a faster response to changes in businesses and industries based on effective and efficient decision making. Decision making is both art and science, making either strategic or tactical decision effectively is one of the most critical responsibilities facing them every day. How to set principles and guidelines for reaching the high level of decision maturity in your organization?


Five Principles to Reach Decision Maturity? One significant effect of digitization is increased velocity, complexity, ambiguity, unpredictability, and a need for a faster response to changes in business and industry based on effective and efficient decision making. How is that possible? Decision making is both art and science, especially for business leaders, making either strategic or tactical decision effectively is one of the most critical responsibilities facing them every day. How to set principles and guidelines in reaching the high level of decision maturity in your organization


Decision Principles: Is System Thinking ‘Mainstream’ Thought Process yet: The characteristics of digitalization are hyper-connectivity, hyper-complexity, and interdependence. The traditional silo thinking is no longer fit for solving many complicated issues facing in business and humanity, so should system thinking turn mainstream thought process now? What is it, and how to apply it to problem-solving and decision making?


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