Explain six Simple Strategies for Improving the Decision-Making Process

When you arrived at work, your manager (Mr. Smith) informs you that the board of directors wishes to meet with you. Not knowing what the meeting could be about, you prepare yourself for the worst. At the meeting, the board members tell to you that you have passed all the assignments leading up to the promotion and that you will be moving up the corporate ladder next week. Excited, you immediately thank all of the board members in the room for their approval.

With the promotion already set in stone, Mr. Smith reveals to you that he has one more assignment for you before you move to a new position. He asks that you to prepare a report discussing the improvement of decision making. He explains that the report must cover the 6 strategies of decision-making.

Discuss the improvements of decision making. Address the following in you report-

Explain the improvements of decision making.

Discuss Strategy 1: Use decision-analysis tools.

Discuss Strategy 2: Acquire expertise.

Discuss Strategy 3: Remove bias from your judgment.

Discuss Strategy 4: Reason analogically.

Discuss Strategy 5: Take an outsider's view.

Discuss Strategy 6: Understand biases in others.

Discuss how the strategies can help your company implement the new line of business suits