STEP THREE: BUILDING THE DECISION
GATHERING INFORMATION
The purpose of this week’s brainstorming discussions is to address the type of information PPO needs to gather in coming up with creative alternatives to use in the MDQ decision making model. Useful information involves researching anything that the manager needs to know that might influence the decision making process. This includes experience from past or future situations as well as factual information. Even though the manager has no control over future events, information needs to be gathered to anticipate outcomes, consequences or actions when acting on PPO’s alternatives.
- Discuss in one paragraph the type of information the manager needs to gather for PPO. Discuss the biases and traps that should be avoided.
- Create FOUR possible alternatives for PPO. Discuss each of these alternatives in separate paragraphs by explaining the alternative in detail, pointing out the biases, and potential consequences.
CREATING ALTERNATIVES:
In Building the Decision, the manager will create FOUR viable alternatives. The case study mentions several obvious alternatives, such as:
Obtaining a bank loan
Applying for another government loan
Educating the public
Setting up an Orangutan Sanctuary
Harvesting deforested land
However, NONE of these alternatives are strong enough on their own. The manager must look for ways to combine them with other possibilities to make stronger alternatives. One of the things the manager needs to consider is how to raise money. The expectation is to create alternatives that are creative, demonstrate critical thinking, use additional research, and meet as many of the objectives as possible.
Gathering Information in the Decision Process
Creating Alternatives Building the Best Decision Objectives Structured Decision Making – Uncertainty Building the Decision Creating Alternatives Episode 11 Decision Making Toolkit: Introduction to Uncertainty and Decision Making Building the Decision Uncertainty, Risk Episode 12 Building the Decision Possible Outcomes to Alternatives Episode 13 Building the Decision Estimating the Likelihood of the Outcomes Episode 14