You will be able:
The module will focus on:
1. Read the introductory text on ability to make decisions: Ability to make decisions.
2. Watch the video on “Tips to improve the Decision Making Process”, and write down a resume of the main ideas of the video.
Can you differentiate between a "maintenance manager" (one who preserves the status quo or reacts to situations) and a "visionary leader", capable of anticipating, preventing, or minimizing problems, or turning a problem into an opportunity?
Search for information in the two concepts - "maintenance manager" and "visionary leader" - and:
Watch the following videos and write down a summary for each of the video.
On the same topic, watch also this video: https://youtu.be/_2JimLV_2AI
Watch the following videos and and write an essay on the below topic:
According to Dr Arvai, “You are defining by the decision that you make. The decision that you make projects the values that you hold to the word around you”.
Watch the following short video on "How to Make a Good Decision When Comparing Many Different Factors", make a summary of the video.
Then using the Decision Matrix Analysis Worksheet:
Step 1: List all of your options as the row labels on the table, and list the factors that you need to consider as the column headings. For example, if you were buying a new laptop, factors to consider might be cost, dimensions, and hard disk size.
Step 2: Next, work your way down the columns of your table, scoring each option for each of the factors in your decision. Score each option from 0 (poor) to 5 (very good). Note that you do not have to have a different score for each option. If none of them are good for a particular factor in your decision, then all options should score 0.
Step 3: The next step is to work out the relative importance of the factors in your decision. Show these as numbers from, say, 0 to 5, where 0 means that the factor is absolutely unimportant in the final decision, and 5 means that it is very important. (It's perfectly acceptable to have factors with the same importance.)
Step 4: Now multiply each of your scores from step 2 by the values for relative importance of the factor that you calculated in step 3. This will give you weighted scores for each option/factor combination.
Step 5: Finally, add up these weighted scores for each of your options. The option that scores the highest wins!
Take into consideration your own business project, and imagine that your company is going through bad economic times. The situation is caused by following problems:
For each problem, propose a solution, make a decision for solving it.
Now, due to lack of time and money, you cannot solve all the problems, implement all your solutions. What is the problem you will choose to solve first? Which problem do you think it would be more beneficial to intervene for? Why?
Watch the video on “How to make good decisions” and answer the following questions:
Download and play the module 4 of the Business Simulation Game - Ability to make decisions here.
*** The Social Entrepreneurship Training was developed by Universidad Nacional de Educación a Distancia, for the I SEE YOU project, and it can be used for free by individual learners. If you plan to use the training materials in classes, workshops, training, etc., please contact us prior to the activity. Thank you!