ISM_Ch2_Sample

ISM: BCDR | DR. MARCUS GREEN

SMART CHOICES: CHAPTER TWO

Reminder

In this section, we are going to continue our discussion on PrOACT.

Introduction

Ways to state problems:

• Have huge impact on your decision
• Affect what alternatives you consider
• How you evaulate those decisions

Posing the right problem drives eveything when trying to make the smartest choice.

Not a smart choice

Decision for the wrong problem =

Problem Definitions

"In the middle of difficulties lies opportunity" -Albert Einstein

Transform your problem to an opportunity:

• Write it down
• Test it
• Question It
• Hone it
• Refine it

"What can I gain?"

Think outside of the box and be creative when dealing with complicated circumstaces.

"A good solution to a well-posed decision problem is almosy always a smarter choice than an excellent solution to a poorly posed one."

Proper decision

Well-posed Decision Problems

Decision Triggers

Is there a connection between the trigger and the problem?

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What is the assumption of your decision problem?

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What triggered this decision?

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Click the "+" icon to learn more.

Essential Elements

New Job Offer

Trigger

• Decide whether or not to take the offer
• Consider all possible job opportunites
• Question the constraints in your problem statement

Example

THANK YOU!

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tEAM WORK

From the new job offer example, a blinder might be looking at just the new offer rather than all job opportunities.

Blinders

Identify the essential elements of the problem

Essential Elements

Narrow the scope of what you are dealing with or it could put blinders on you.