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What is the key elements to effective decision making?

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Question added by Hossam Siyam , Group CFO , Tatweer Group
Date Posted: 2013/09/30
Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

1- identify the problem

2- collect information

3- decide the options and alternatives

4- choose the decision

5-evaluate the decision

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Sound decision making skills comes with experience. 

 

The core elements of decision making is to view and analyse the 'object / issue' from360 degree angle. Think about the possible options available to you, review pros and cons of each solution before you take any firm decision. Be responsible and take ownership of the decision you made

Mohammed Nabeel
by Mohammed Nabeel , Material Controller , OQ

Listening is the key element. we should listen our subordinates thier issues and their suggestio. Each one has different opinion and that is the better way to make final decission.

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