Home
Finance Resources
Investment Planning
Banking
Finance
Stock Market
Futures & Options
Trading
Mutual Funds
Insurance
Taxation
Enquire
Home » Finance » Financial Management » Decision Making Techniques

Decision Making Techniques

The techniques in this section help you to make the best decisions possible with the information you have available. With these tools you will be able to map out the likely consequences of decisions, work out the importance of individual factors, and choose the best course of action to take.

Tools we will discuss are:

  • Selecting the most important changes to make - Pareto Analysis
  • Evaluating the relative importance of different options - Paired Comparison Analysis
  • Making a selection when many factors must be taken into account - Grid Analysis
  • Weighing the pros and cons of a decision- PMI
  • Analyzing the pressures for and against change - Force Field Analysis
  • Looking at a decision from all points of view - Six Thinking Hats
  • Understanding options better by brainstorming questions - Starbursting
  • Making better group decisions - Stepladder Technique
  • Seeing whether a change is worth making - Cost/Benefit Analysis
  • Choosing between options by projecting likely outcomes - Decision Trees

In this section we look at Decision Making tools in two stages. Firstly we will look at a set of good techniques that help you to select between different options, all of which seem promising. If you are suffering from decision paralysis, these tools will get you moving again.

The second set helps you to decide whether a course of action is worth following. These are very useful when you have to take a go/no-go decision. This part finishes by discussing Decision Trees, which are excellent Decision Making tools.

These techniques build on the tools discussed in the section on Problem Solving Tools, in that Decision Making follows on from an understanding of the situation. The section on Creativity Tools will help you to explore what alternatives that are open to you.

Do remember, though, that the tools in this chapter exist only to assist your intelligence and common sense. These are your most important assets in good Decision Making.

Back




Keywords:

financial management, decision making, venture, venture capital, capital, financial institutions, financial services, finance, finance in india, sources of finance

Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.