1.3 Explain The Importance Of Valid Information To Ensure Effective Decision Making
The first step in any decision-making process is to make sure the business has a clear set of goals objectives and outcomes for the business, that all the team understands and is on board with.
Objectives can be company-wide goals, specific to the division or department and individual employee expectations. Business owners often use performance management to follow up on objectives and measure the company’s overall achievement effectiveness.
The reasons it is it important to have clarity around the definition of objectives, scope and success criteria in relation to decisions being taken, include: • To be efficient and effective in decision making;
• To ensure that decisions are ‘fit for purpose’;
• To solve the ‘right’ problem at its …show more content…
Those implications will be the impact that following a decision or course of action will have. In seeing what the implications are it is really a case of thinking through the answers to the ‘so what?’ question for each option. Each problem will have a solution if looked at in detail and the lines of communication are open.
It’s important so everyone know what they are doing, what they are aiming for, what the end should look like and job satisfaction and happy team achieved.
1.3 Explain the importance of obtaining sufficient valid information to enable effective decision making.
To make a decision properly it is best to make sure you have all the evidence you need before rushing into it. There are several ways you can do these the decision made is the most effective one.
One effective way is called Root Cause Analysis. Root cause analysis helps you identify what, how and why something happened and hopefully prevent reoccurrence.
Root cause are underlying, are reasonably identifiable, controlled by management and allow for future recommendation
The process involves data collection, cause charting, root cause identification and recommendation generation and implementation.
The process consists of the following:
• Problem definition – What is
Objectives can be company-wide goals, specific to the division or department and individual employee expectations. Business owners often use performance management to follow up on objectives and measure the company’s overall achievement effectiveness.
The reasons it is it important to have clarity around the definition of objectives, scope and success criteria in relation to decisions being taken, include: • To be efficient and effective in decision making;
• To ensure that decisions are ‘fit for purpose’;
• To solve the ‘right’ problem at its …show more content…
Those implications will be the impact that following a decision or course of action will have. In seeing what the implications are it is really a case of thinking through the answers to the ‘so what?’ question for each option. Each problem will have a solution if looked at in detail and the lines of communication are open.
It’s important so everyone know what they are doing, what they are aiming for, what the end should look like and job satisfaction and happy team achieved.
1.3 Explain the importance of obtaining sufficient valid information to enable effective decision making.
To make a decision properly it is best to make sure you have all the evidence you need before rushing into it. There are several ways you can do these the decision made is the most effective one.
One effective way is called Root Cause Analysis. Root cause analysis helps you identify what, how and why something happened and hopefully prevent reoccurrence.
Root cause are underlying, are reasonably identifiable, controlled by management and allow for future recommendation
The process involves data collection, cause charting, root cause identification and recommendation generation and implementation.
The process consists of the following:
• Problem definition – What is