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lt_week_4_ppt_1.pptxDecision Making
Amber DeMarco, Jennifer Edwards, Elizabeth Nunez, Carrington Sherman Sr.
HCS/525 Leadership
January 13, 2017
Theresa Mc Clelland
Introduction
Decision-Making Model
Pros of Model
Very useful if using many factors
Shows you what factors are most important
Visual see each option
Using a grid analysis is very helpful when you have several different factors to include, it allows you to visually see everything mapped out. It puts things so you can make decisions based on several options that would need to be narrowed down, to make one decision. It determines what factors are more important than the others, because it shows you the most rational and confident decision. (Johnson, 2009
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Cons of Model
Manually created, which could bring errors
There is always going to be one answer, as the grid does not change
Not good for continuing analysis
The disadvantages of the grid method, can result from it being a manual created analysis, and this is where human errors come in to play. This grid also will not change with data or new information, unless someone adds the information to the grid. This means it never changes with improvement or limit the space for advancing any new information. (Decision making Confidence, n.d.)
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Health Care Issue
Grid-Analysis for choosing a pharmaceutical distribution company
Considering factors
Cost
Quality
Location
Reliability
Payment options
A pharmacy needs to decide between two pharmaceutical distribution companies for delivering their medications. The factors to take into consideration are cost, quality, location, reliability and payment options. Both companies are similar, making it difficult to make a final decision. A Grid-Analysis is utilized to help in the decision making process to score and weigh each factor.
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Application of Model to Health Care Director
| Factors | Cost | Quality | Location | Reliability | Payment Options | Total |
| Weight | ||||||
| Distributer 1 | 4 | 4 | 5 | 5 | 3 | 21 |
| Distributer 2 | 5 | 5 | 5 | 4 | 2 | 21 |
When deciding between the two distributors it is important to prioritize each factor according to the needs of the pharmacy. This may not be easy, therefore making a table for grid analysis may be beneficial in making the decision. First, list the distributor options in rows, then list the factors in the column headings in order of importance (Mind Tools, n.d.). Score each factor on a scale of 1 to 5 according to how well they meet the needs of the pharmacy (Mind Tools, n.d.). Then total the scores. The highest score will be the best choice. According to the chart, both distributers had an equal score. Since Cost is the most important factor in the decision making process, the pharmacy decides that Distributer 1 will be the best selection.
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Conclusion
References
Mind Tools. (n.d.). Decision matrix analysis: making a decision by weighing up different factors. Retrieved from https://www.mindtools.com/pages/article/newTED_03.htm
Johnson, J. (2009). Grid Analysis. Retrieved from
http://www.ehow.com/about_5576746_grid-analysis.htm
Decision Making Confidence. (n.d.). Decision making grid process. Retrieved from
http://www.decision-making-confidence.com/decision-making-process-grid.html
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