Influencing and Making Decisions

Running head: INFLUENCING AND MAKING DECISIONS

INFLUENCING AND MAKING DECISIONS 2
Executive summary
The main aim of this report is to understand the different tools of decision making. It is found
that there are different techniques used in the decision making at the workplace. These
techniques of decision making is Simple Decision Matrix, Paired Comparison Analysis, Simple
AHP Hierarchy Analytic Hierarchy Process (AHP), Decision making tree or Simple Decision
Tree, Pro/Con, Simple Influence Diagram Influence diagrams (ID), Game Theory, Multi-voting,
Cost/Benefit analysis, Net Present Value (NPV) and Present Value (PV), Linear Programming
(LP), Conjoint analysis, Affinity Diagrams, Trial and Error, Heuristic Methods, and Scientific
Method.

INFLUENCING AND MAKING DECISIONS 3
Table of Contents
Executive summary.....................................................................................................................................2
Introduction of decision making..................................................................................................................4
Select and evaluate the usefulness of a range of decision-making tools......................................................4
Reflect on your decision making styles and contrast with other styles........................................................8
Determine the respective levels of rationality and intuition utilized..........................................................12
References.................................................................................................................................................15

INFLUENCING AND MAKING DECISIONS 4
Introduction of decision making
Decision making is a significant element of management procedure and is entailed as an essential
skill within an organization and other circumstance in which critical decisions are to be made. It
is fundamental for accomplishing the success within an organization and in the personal life.
There is a need of sufficient understanding, objectivity as well as commitment (Ryan, Bloom,
Lowsky, Linthicum, Juday, Rosenblatt, and Sayles, 2014). Although, decision-making guide to
success at the workplace but, it can lead to disappointment in case of inappropriate decision
making along with, when there is misfit amid what is required to be performed and what has
been completed. A dynamic, successful and proficient decision making within an organization
entails the adequate understanding of oneself and the group, collecting information, assessing
information as well as choosing and developing the plan. It is significant to emphasize on the
internet and not on the situation as it would be beneficial to allow the mutual growth and
recognition of the objective criteria (Austin, Mohottige, Sudore, Smith, and Hanson, 2015).
When I was working in a group then there was need of making productive as well as favorable
decision mutually. A systematic strategy is necessary to make a decision as it would be
beneficial to take decision confidentially along with there is no matter what kind of decisions has
to be taken. The integration of self-assurance and competency to listen to others and learn from
them is a basis to improve the ability of decision-making over a period of time (Cameron, and
Green, 2015).
Select and evaluate the usefulness of a range of decision-making tools
There are several decision-making techniques that can offer the unique benefits for particular
judgment. The given below decision-making techniques can be practiced to enhance the decision
making skill.