Week 3 BGT Discussion
Theme #1: Introduction to the Decision Making Process
This week students are introduced to the decision making process. Many decision making models have five common elements. These elements are:
· Frame the decision statement
· Determine and list objectives
· Create and evaluate alternatives
· Weight and choose best alternative
· Implement and evaluate decisions
This week students will explore the first two steps of the process, part one of developing alternatives and the relationship between objectives and alternatives.
Step 1: Framing the Decision
· Beshears, J. and Gino, F. (2015, May). Leaders as decision architects. Harvard Business Review. Retrieved from https://hbr.org/2015/05/leaders-as-decision-architects
· Root Cause Analysis For Beginners
Theme #2: Defining the Objectives
Step 2: Objectives
· Structured Decision Making: Objectives
· Structured Decision Making: Brainstorming
· Structured Decision Making: Making Objectives
· Structured Decision Making: Separating Means from Ends
· Structured Decision Making: Objective Hierarchies
· Structured Decision Making: Testing Objectives
· Developing Objectives and Attributes
· Goal Setting and Decision Making
Theme #3: Generating Alternatives/Collecting Data
The relationship between objectives and alternatives is a critical link. Formulating alternatives is about making the alternative accomplish as many of the objectives as possible.
· Generating Alternatives in the Decision Making Process
Theme #4: Stakeholders
· How Do Your Stakeholders Affect Your Decision Making?