Sunday, 20 November 2016

IDIO Class 9- 31.10.2016 - The Decision Making( Should I take this path or not?)


Everyday in our life we are decide many things from drinking a coffee in the morning that makes us brisk  to what the A/C temperature should be in our bedroom that will be comfortable for me to sleep at night. Decisions!!!! Decisions!!!! & only Decisions!!!!…. Apart from these kind of decisions, also the managers has to take N number of new decisions everyday which is really tricky and tough to do. Even the smart and the most successful persons have also taken some wrong decisions in life which has backfired.
When I came on sabbatical from NTPC for 3 continuous years to do my MS in IITM, I have got a strong resistance from my family. I have to take the call and convince everyone in my family for my actions. So it may be a life turning moment for me in a positive direction towards a great journey (to join as a student by leaving a well settled job) or in the vice versa.
So Decision are usually of 2 types as discussed in class. One is rational one and the other is intuitive one. Great Leaders always go in hand with intuition rather than being more logical in life. Some are based on intuitive, some are emotional, and some are situation based.
A superb example of Bajaj CEO’s decision of introducing the 150 CC bikes after rejecting the report given by logical decision(supported with full of evidence) has turned to be a super doper hit. This tells how important it is to nurture the intuitive decision making capacity of one. At the same time one shouldn’t confuse between intuition & other fear or disturbances in our mind while deciding or making a decision. We should also be able to differentiate between intuitions and logical decisions.In the above example of my decision I followed my intuitions rather than logical being. If I strict to be a logical guy then I should have stick with NTPC than joining IIT. But my intuitions have something new for me. In Intuitive decision making picking contradictory evidences is very difficult as identification of these evidences require a rational approach. 

In the movie 12 Angry Men which was played in the class the 11 were against the boy and they want him to be punishes based on the evidences, whereas only one with his intuition was voting against the eleven and supporting the kid. This clearly explains the intuitive behaviour in decision making.

In addition we can use certain decision tools to mitigate the counter intuitive results.Cause and Effect Diagram, What If analysis, Delphi Technique, Pros and Cons Analysis & Quantitative decision making tools such as, ANP, ISM, AHP, Fuzzy Logic, etc.
One should be aware about some pitfalls while making decisions like Pitfalls Don't prejudice about something, Don't be too much emotional, Don't just go with group's opinions, Don't forget to analyse the complete scenario.



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