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Harvard Business Essentials: Decision Making: 5 Steps to Better Results

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The Harvard Business Essentials" series is designed to provide comprehensive advice, personal coaching, background information, and guidance on the most relevant topics in business. Whether you are a new manager seeking to expand your skills or a seasoned professional looking to broaden your knowledge base, these solution-oriented books put reliable answers at your fingertips. Decision making is a critical part of management, and bad choices can damage careers and the bottom line. This book offers the tools and advice managers need to avoid common biases and arrive at and implement decisions that are both sound and ethical.

Harvard Business Essentials: Decision Making: 5 Steps to Better Results| Harvard Business Essentials (Author)| Harvard Business Review Press

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Table Of Contents

Chapter 1. The Decision process                                

Five Key Steps: Establish a context for success, Frame the issue properly, Generate alternatives, Evaluate the alternatives, Choose the best alternatives, Summing up.                                                                                

Chapter 2. The Context for Success                                                                         

Setting the Stage: Get the right people to participate, Give some thought to the setting, Agree on how the decision will be made, From advocacy to dialogue, A hybrid approach, Summing up.                                                                          

Chapter 3. The framing Challenge                                                                                                                   

What is the real problem? ; Perils and promise, Don’t impose your frame on others, Apply creative thinking, Summing up.

Chapter 4. Alternatives                                                                                                           

The source of superior solution: Generating alternatives, Brainstorming, Bring a creative group to the task, characteristics of good alternatives, Summing up.

Chapter 5. Evaluate the Alternatives                                                                            

Finding the value of each option: Variables to consider, Financial Analysis, The prioritization Matrix, The trade -off table, Decision trees, Computers to the rescue, The problem of uncertainty, Summing up.

Chapter 6. Make the Decision                                                                                              

Getting to Agreement: Three Decision making techniques, Other way to resolve disagreements and reach closure, Ending Deliberation, After the decision, Summing up.        

Chapter 7. The Uncertainty Problem                                                                                                                    

 How to deal with unknowns: Identify areas of Uncertainty, Determine which Uncertainty could have the greatest impact, Attempt to reduce key Uncertainties, When to trust your Gut, Summing up.                                                                                               

Chapter 8. Human Foibles                                                                                                              

How to Counter Tendencies that can Ambush your Decision: Anchoring and adjustment, over confidence, Sunk costs, The confirming-Evidence Bias, False analogies, Summing up.

 

Chapter 9. Organizational Traps                                                                                                                                The Madness-and the wisdom-of Crowds: Social Influences, Groupthink, Rewarding optimists and Punishing pessimists When groups make better decision, Summing up.                                  

Chapter 10. Toward a Smarter Organization                                                                          

Getting Better at Making Batter Decisions: The GM experience, Lessons for organization improvement, What leaders must do, Summing Up.

Appendix A: Useful Implementation Tools                                                                       

Appendix B: Financial Tools for evaluating alternatives      

LINK FOR THE BOOK

https://www.amazon.in/Harvard-Business-Essentials-Decision-Results/dp/1591397618/ref=sr_1_51?dchild=1&keywords=harvard+business&qid=1591331919&sr=8-51

Written by IISCM

Integrated Institute of Supply Chain Management, a unit of Fhyzics Business Consultants Private Limited specialising in supply chain management consulting and education. IISCM trains and certifies SCM professionals in procurement, supply chain management, inventory, and warehousing.

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