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DESCRIPTION
How do people make decisions? Do they always follow a rational linear process to come to a conclusion?
Studies have suggested that the traditional Decision Making model—commonly known as the Rational Decision Making Model—does not explain the whole ambit of Decision Making.
This presentation discusses 3 Decision Making Models that, experts suggest, are used by people to reach quality decisions.
1. Thinking First
2. Seeing First
3. Doing First
The latter 2 models need to supplement the 1st in order, for people in general and managers in particular, to improve the quality of Decision Making.
The slide deck also includes some slide templates for you to use in your own business presentations.
This presentation delves into the intricacies of the Thinking First model, which is grounded in rational decision-making. It outlines a linear, iterative process that is logical and methodical. The model is particularly effective in structured environments like production processes, where decisions are made through a series of well-defined steps. However, it also acknowledges the limitations of this approach, highlighting that real-life decision-making is often more chaotic and less linear.
The Seeing First model emphasizes the importance of visualization and insight in decision-making. This approach is ideal for situations requiring creative solutions and innovation. It involves a process of conceptualization, followed by an "Ah-ha" moment of illumination, often occurring after a period of rest or disengagement from the problem. This model is particularly useful in scenarios where multiple elements need to be integrated into a cohesive solution, and where communication and commitment are crucial.
The Doing First model focuses on action-oriented decision-making, where practical experimentation and trial-and-error are key. This approach is beneficial in unique, complex situations where traditional analysis may not be feasible. It involves diving headfirst into the problem, learning from the outcomes, and iterating based on experience. This model is effective in dynamic environments where quick, adaptive responses are necessary to navigate uncharted territories.
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Source: Best Practices in Decision Making PowerPoint Slides: Decision Making Models: Thinking, Seeing, Doing PowerPoint (PPTX) Presentation, LearnPPT Consulting
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OVERVIEW
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We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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