MENU (ALL FREE)
  •  Home
  •  Sitemap

    • INTRODUCTORY PAGES:
  •  Bad Decision Making Was Responsible for the Economic Crisis of 2008
  •  What the Decision Making Booklet Can Do for You
  •  Table of Contents Of 48-Page Booklet
    • FREE DECISION MAKING TOOLS: Two Pages – Very Valuable
  •   Your Guide & Worksheet for Applying the Complete Method of Creative Decision Making SM-14 (PDF)
    • GUIDE TO DECISION MAKING: (Complete 48-page Booklet)
  •  For viewing
  •  For downloading (PDF)
    • OTHER NORMAN EDMUND WEBSITES:
  •  EconomyCrises.com
  •  ScientificMethod.com
  •  ProblemSolving.net
  •  HomeSchooling-Problemsolving.com
    • RESEARCH REPORTS ON DECISION MAKING:

    Introduction to Research Reports
    1. Decision Making Criteria
    2. Political & Public Policy Decision Making
    3. Good Judgment & Decision Making
    4. Models, Systems, Guides for Decision Making in the Literature
    5. A Model for Career Decision Making
    6. Your Personal Program to Learn Decision Making
    7. Decision Support or Business Intelligence
    8. Bad Decisions
    9. Decision Making Theories
    10. Decision Making Styles
    11. Decision Making Quotes & Articles
    12. Critical Thinking & Structured Decision Making
    13. Decision Making Tool
    14. Organization Ethical Decision Making
    15. Team Decision Making
    16. Decision Making Lesson Plans
    17. Decision Making Methods
    18. Decision Making Examples

    Research Report #17
    Ramp up Decision Making Methods

    with a Decision Making Tree & a Decision Making Grid

    Recent events have shown the importance of making the right decision, but how about decision making methods? How we achieve those winning strategies can be as important as when or where those decisions are made. There are many more technologies that also help us see how decisions are organized in the daily life of any business. Many business leaders and executives are learning to use helpful models such as a decision making tree for organizing their actions and choices so that, much like a computer or mechanical process facilitator, we can learn from the patterns behind our actions. A spreadsheet, for example, includes a decision making grid which gets more and more use in all kinds of industries.

    Decision Making Tree

    These, along with decision making fault trees, are widely used to give you a visual picture of the factors involved in decision making.

    In Judgment and Decision Making (1992) Arkes and Hammond say:

    The decision maker needs only 4 types of information to construct a Decision Tree:
    1.    What are my possible courses of action?
    2.    What are the events that might follow from those actions?
    3.    What is the likelihood of each event?
    4.    What is the value of each event to me?

    Examples of decision making trees are shown. You may also get a lot of information and examples by typing “decision making tree” into your search engine. Group decision making is often aided by putting a decision making tree on the blackboard to help group members to see a visual picture.

    Decision Making Grid

    A decision making grid or chart, much like a decision making tree, will give you a helpful way to use decision making methods that ramp up your thinking. At Step or Stage 6 of SM-14, I show a suggested grid. Again, if you type “decision making grid” into your search engine, you will see that there is much literature about them available.