NHRDN Virtual Learning Session on Dynamic Decision Making
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Speaker: Mr. R Mahesh Iyer
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NHRDN Virtual Learning Session on Dynamic Decision Making
- 1. 1 DYNAMIC DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 1600 hours Designed and presented by CA. R Mahesh Iyer Acclaim’s
- 2. DYNAMIC Agenda 2 DECISION MAKING DEFINITIONS AND CONTEXT DECISION VERSUS PROBLEM SOLVING COMPONENTS OF DYNAMIC DECISIONS FRAMEWORK AND BENEFITS Q&A © 2012 Acclaim Management Solutions All Rights Reserved.
- 3. DYNAMIC DEFINITION OF DECISION 3 DECISION MAKING 1.Deliberately , for 1 choice from 2 or more , proactively opting to optimize an outcome 2.Dictionary : to determine, to resolve, to make up one's mind © 2012 Acclaim Management Solutions All Rights Reserved.
- 4. DYNAMIC DYNAMIC FRAMEWORK 4 DECISION MAKING Governance Winning GLOW Leadership Ownership © 2012 Acclaim Management Solutions All Rights Reserved.
- 5. DYNAMIC LEADERS 5 DECISION MAKING Three kinds of Leaders 1.Who make things happen 2.Who watches things happen 3.Who wonders what happened in the first place © 2012 Acclaim Management Solutions All Rights Reserved.
- 6. DYNAMIC Poll 1 6 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 7. DYNAMIC FEAR 1 7 DECISION MAKING Nowhere © 2012 Acclaim Management Solutions All Rights Reserved.
- 8. DYNAMIC FEAR 2 8 DECISION MAKING Boss © 2012 Acclaim Management Solutions All Rights Reserved.
- 9. DYNAMIC FEAR 3 9 DECISION MAKING To act or not © 2012 Acclaim Management Solutions All Rights Reserved.
- 10. DYNAMIC Poll 2 10 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 11. DYNAMIC ORGANISATIONS 11 DECISION MAKING 1 2 3 4 © 2012 Acclaim Management Solutions All Rights Reserved.
- 12. DYNAMIC Poll 3 12 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 13. DYNAMIC Decision versus Problem 13 DECISION MAKING DECISION PROBLEM MAKING SOLVING • Strategic • Tactical • Generic • Problematic • Furturistic • Current • Proactive • Reactive • Larger Impact • Localised • Dramatic results • Solves issue © 2012 Acclaim Management Solutions All Rights Reserved.
- 14. DYNAMIC DECISION TYPES 14 DECISION MAKING 1. CLASSIC Step Step Step Step Step Step Step Step 1 2 3 4 5 6 7 8 Define Understand Identify Evaluate Prioritise Buy -in Action Review 2. MODERN Why When Where Which What Who How 3. JUGGAD 4. DEFAULT © 2012 Acclaim Management Solutions All Rights Reserved.
- 15. DYNAMIC Poll 4 15 DECISION MAKING NHRDN Virtual Learning Session on Dynamic Decision Making 14th March 2012 © 2012 Acclaim Management Solutions All Rights Reserved.
- 16. DYNAMIC What have we covered so far? 16 DECISION MAKING 1.Leadership Styles 2.Common Fears 3.Organization Types 4.Decision v/s Problem 5.Decision Types © 2012 Acclaim Management Solutions All Rights Reserved.
- 17. DYNAMIC DECISION TYPES 17 DECISION MAKING 5. DYNAMIC COMPONENTS D ATA E CONOMICS C ONTEXT I NNOVATE S TAKEHOLDERS I NTEGRITY O UTCOME N AVIGATE © 2012 Acclaim Management Solutions All Rights Reserved.
- 18. DYNAMIC PARETO’s LAW 18 DECISION MAKING Rule of Focus 90% 80% 80% 70% 60% 50% 40% 30% 20% 20% 10% 0% Decisions Impact Decision Rule © 2012 Acclaim Management Solutions All Rights Reserved.
- 19. DYNAMIC DATA 19 DECISION MAKING 1. What data we have? 2. What data we need? 3. Where will we get it? D © 2012 Acclaim Management Solutions All Rights Reserved.
- 20. DYNAMIC ECONOMICS 20 DECISION MAKING 1. Faster, Better , Cheaper 2. Value – how many times 3. Competitive Advantage D E © 2012 Acclaim Management Solutions All Rights Reserved.
- 21. DYNAMIC CONTEXT 21 DECISION MAKING 1. Why required? 2. What options available? 3. Collaboration required? D E C © 2012 Acclaim Management Solutions All Rights Reserved.
- 22. DYNAMIC INNOVATE 22 DECISION MAKING 1. New ideas 2. Creative 3. Futuristic D E C I © 2012 Acclaim Management Solutions All Rights Reserved.
- 23. DYNAMIC STAKEHOLDERS 23 DECISION MAKING 1. Customer/ Company 2. Employees 3. Family D E C I S © 2012 Acclaim Management Solutions All Rights Reserved.
- 24. DYNAMIC INTEGRITY 24 DECISION MAKING 1. Company Ethics 2. Own Ethics 3. Audit Trial D E C I S I © 2012 Acclaim Management Solutions All Rights Reserved.
- 25. DYNAMIC OUTCOMES 25 DECISION MAKING 1. Owner - Vision 2. Objectives/ Goals/ KRA 3. Risk Mitigated D E C I S I O © 2012 Acclaim Management Solutions All Rights Reserved.
- 26. DYNAMIC NAVIGATE 26 DECISION MAKING 1. Communicate 2. Execute 3. Review and share D E C I S I O N © 2012 Acclaim Management Solutions All Rights Reserved.
- 27. DYNAMIC DECISION FRAMEWORK 27 DECISION MAKING Governance Leadership Ownership Winning Navigate Outcomes D Integrity Y N Stakeholders A Innovate M I Context C Economics Data © 2012 Acclaim Management Solutions All Rights Reserved.
- 28. DYNAMIC RECAP OF THE BENEFITS 28 DECISION MAKING Robust procedure, applying thought, logic to make decisions • I nclusive - take into account the interests of all stakeholders • D efensible - takes into account the relevant Values & Ethics • O ptimal - in both terms of RESULTS and RISK • A ctive – More PROACTIVE than reactive • S ensible - Understandable to EXECUTE • I mplementable – SMART principles • X times VALUE add - to the organization or individual Success comes from DYNAMIC DECISIONS © 2012 Acclaim Management Solutions All Rights Reserved.
- 29. DYNAMIC Just like the LIFE on earth 29 DECISION MAKING depends on the Sun’s GLOW © 2012 Acclaim Management Solutions All Rights Reserved.
- 30. DYNAMIC LIFE of an organization 30 DECISION MAKING depends on YOU making DYNAMIC DECISIONS © 2012 Acclaim Management Solutions All Rights Reserved.
- 31. DYNAMIC Live Q & A 31 DECISION MAKING or write to RMAHESHIYER@GMAIL.COM CA. R Mahesh Iyer Coach -Trainer -Consultant Chief Evangelist www.acclaimindia.com © 2012 Acclaim Management Solutions All Rights Reserved.
- 32. 32 DYNAMIC DECISION MAKING Acclaim’s © 2012 Acclaim Management Solutions All Rights Reserved.
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