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Week 6 (The New Landscape of Decision Making (Analytics (Using data and…

- - - - listing decisions in order of importance
      - without prioritisation decisions may get lost
      - some rare and highly strategic
      - others frequent and front line
    - - Assess the factors in each decision
      - what information is available
      - What plays what role in the discussion
    - - consider all methods of improvement
      - address all aspects of descison process
      - list decisions and design process to make it
    - - who is accountable
      - experts work with senior management
      - conduct assessment of decisions made
- - - - Maximising business interests rather than individual interests
    - - problem is unambiguous
      - outcomes are known
      - no restraints (time or cost)
  - - - Rational but simplified
  - - - Steve Jobs
        
        Relied more on others
        
        Listening more
        
        Trusted members of his design and business teams to create products
    - - Based on:
        
        Values or ethics
        
        Prior experiences
        
        Feelings
        
        Previous knowledge and training
        
        Subconscious mental processing
- - - - Steve Jobs
        
        You have to let employees make a lot of decisions.
        
        You have to be run by ideas, not hierarchy.
        
        The best ideas have to win, otherwise good employees don’t stay.
- - - - Routine approach to solve problems
      - Procedure etc.
      - Rule
  - - - Custom-made solutions
      - Non-recurring responses
- - - - Recognise ego as a big obstacle to team
    - - Use your team
        
        listen to all ideas
        
        constructive criticism
- - - - Entered the digital photography market too late
      - Didn't invest in new technology early enough compared to competitors
      - Didn't foresee decline in film
    - - Failed to launch new gen cellphone
      - Couldn't compete with competitors (E.g. Apple)
      - Wasn't proactive enough to compete in the cellphone market