A long awaited second edition of the book which has sold tens of thousands in e-book format and helped business students and professionals all over the world make smarter decisions. Smart Things to Know About Decision Making takes a look at all types of decisions we must make, from the mundane to the insane. Smart decision-makers have the guts to size up a situation, look at the alternatives and decide. They alleviate the risk by using a process to come to the best decision.
Smart Things to Know About Decision Making reveals a five step process to help make successful decisions:
• Preparing to decide – Define the purpose and take a preliminary look at the financial case
• Creating options – Never assume that there is only one possible way of solving a problem
• Evaluating the options – Create the criteria that needs to be met and analyse the risks
• Making the decision – Phew. That was the hard part
• Implementing the decision – Your decision is not complete until you’ve created an action plan, recorded and re-evaluated your decision
This new edition contains updated examples, links and content including pedagogical exercises to assist learning.