Saturday, October 10, 2020

The Monthly “Decision Master” Book Tuning: Business Intelligence Behind Complex Decision-Making Oct. 2020

Our intelligence with regard to any given type of information is a function of our capacity to recognize and interpret patterns, and our consequent ability to use the perceived information for making sound judgments or effective decisions

"Decision Masters” refer to the digital leaders or professionals who can leverage multidimensional thought processes, information and intuition, and 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.

Business Intelligence Behind Complex Decision-Making 

Critical thinking & Decision Management Critical thinking has been described as “thinking about thinking.” It is an intellectually disciplined thought process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information in order to make effective decisions. Real Critical Thinking is hard but a great cognitive skill to deal with the multi-logical situations and multi-culture today, which are complex with many moving parts; it requires having multiple valid viewpoints and interdisciplinary skills to make effective decisions and solve hyper-complex problems facing businesses and our society smoothly. Statistically, only a very small percentage of the population is truly critical thinkers. The real critical thinkers are good decision-makers and logical problem-solvers.

Making Sound Decisions via Multidimensional Intelligence Intelligence is a fundamental building block in making effective decisions. Intelligence is multidimensional and has been defined in several ways. First intelligence is a cognitive process involving rational and abstract thinking. Second, it is the goal- directed and purposeful, which means that all intelligent activities are planned to reach a self-determined goal. Finally, it involves social competence to help individuals adjust to their environmental surroundings. Decision-making is one of the most critical activities in people's daily life. How to make sound decisions via multidimensional intelligence?

The New Book “Decision Master” Introduction Chapter 1 Decision Intelligence? Intelligence is the word we use to describe mental ability. Intelligence is the capacity to understand and apply wisdom to the knowledge we are exposed to. Our intelligence with regard to any given type of information is a function of our capacity to recognize and interpret patterns, and our consequent ability to use the perceived information for making sound judgments or effective decisions. High mental ability is important to make effective decisions. And decision intelligence can be developed via practicing.

Data Science vs. Decision Science From a business perspective, "Data science is the study of where information comes from, what it represents and how it can be turned into a valuable resource in the creation of business and IT strategies"( Decision science or engineering is not "just a new buzzword." It is a knowledge revolution for proactive structural decision simulation analysis and strategic decision analysis for crisis early warning and proactive feedforward reactors control against process operation uncertainties. The typical challenge seen with the traditional analytics approach is to arrive at insights, but not necessarily affect actual business decisions, and not always in a timely manner. Decision Engineering approach embeds analytics in actual business decisions - rather than leaving it to the receiver of insights to use or dump. There is a further difference between Data Science and Decision Science. The latter is also called Business Data Science, combining the instrumental (data science tools & technique), social (business context) and functional (information process) axes to add value to the data and information within a company.

From Big Data to Decision Management
Businesses enter the digital era of Big Data, with the business dynamic of velocity, uncertainty, complexity and ambiguity, how to make the right decision by the right people at the right timing also becomes a strategic imperative, because it will directly make an impact on business’s short term bottom line and long time prosperity.

The blog is a dynamic book flowing with your thought; growing through your dedication; sharing your knowledge; conveying your wisdom, and making influence through touching the hearts and connecting the minds across the globe. The “Future of CIO” Blog has reached 2 million page views with about #7200 blog postings. Among 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.

Decision Master Book Summary

Decision Master Amazon Order Link

Decision Master B&N Order Link

Decision Master iBook Order Link

Decision Master Introduction

Decision Master Chapter 1 Decision Intelligence

Decision Master Chapter 2 Decision Principles

Decision Master Chapter 3 Digital Decision Styles

Decision Master Chapter 4 Decision Pitfalls

Decision Master Chapter 5 Decision Maturity

Decision Master Conclusion Five Pillars in Achieving Decision Excellence

Decision Master Quotes Collection 1

Decision Master Quotes Collection 2

Decision Master Quotes Collection 3


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