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Decision Making Primer - Srinivas Vedula
Decision Making Primer - Srinivas Vedula
Decision Making Primer - Srinivas Vedula
DESERT
A STORY
PROBLEM – Undervalued,
Under Invested , Unprofessional and
Underpaid Healthcare system fighting
COVID19
Role 1 -Nurse
Role 2 - Manager
Role 3 - Director
DECISIONS
ARE
ESSENTIAL
PART OF
OUR
SURVIVAL
IF
DECISIONS Decision Making/Decisiveness is
a competency
ARE
ESSENTIAL It is a Process
TO
SURVIVE, It is demonstrated in many roles
to different degrees across
THEN industries
WHAT IS Person Taking Timely Decisions
DECISION is DECISIVE
MAKING ?
WHAT IS OPPOSITE BEHAVIOR
OF BEING DECISIVE?
Aboulomania
“CHRONIC
INDECISION
Ride IS
of A Lifetime
NOT ONLY
INEFFICIENT
AND
COUNTERPRODU
CTIVE, BUT IT IS
DEEPLY
CORROSIVE TO
MORALE.”
ROBERT IGER
LOOK AT THESE INDECISIONS
XEROX had developed the first Alto PC but it XEROX did not invest in Mobile
Was Steve Jobs and IBM who commercialized
PC on global scale Phones development in 1980
AFCON Barge P-305 sunk during Cyclone 49
lost lives, 181 rescued 30 odd missing and
bodies not found. Captain of the barge was
arrested for criminal negligence
DECISION
MAKING/DECISIVENES How Businesses and Business
CONTEXT
ELEMENTS OF HEALTHCARE BUSINESS
MODEL
Costs Revenues
DECISION MAKING PROCESS
What are the inputs?
Preparing stage- information gathering Confusion Vs Certainty
What are the activities/actions that convert inputs into
Output/Outcome?
Timing of decisions- ending uncertainty- Sufficiency vs Perfection
What is the Outcome?
Implementation and Assessment phase – how to stop regretting for
what you decided
BUSINESS ACTIONS ARE
OUTCOME OF DECISIONS
BASED
WHAT
ON ANALYSIS OF
INFORMATION
WHEN
WHERE
HOW MUCH BUSINESS
PROBLEMS
WHY
HOW
WHO
BIAS - Hire or not Hire case study
BARRIERS
TO Excessive/Lack of information –
DECISION Technology selection case study
MAKING
Organization values – Case study
RPG Life Sciences
UNKNOWNS
Heuristics- Player
catching a ball in
9/11 Terror Attack,
field, Flight1549
landing in river
there are known knowns; there are things we know that we know. There are known unknowns. That is
to say, there are things that we now know we don't know. But there are also unknown unknowns. There
are things we do not know we don't know.
One who has authority to delegate need not
be decisive.
c. Choice Selection