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Techniques & Tools - Essay Example

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Techniques & Tools

The next step is to draw a matrix, with one side (row), for example marked urgent, not urgent and on the other side (column), important and not important. Then one can therefore determine whether a task is both urgent and important, so that it should be the first priority, whether a task is not urgent but important, so it should still be given priority and be allocated with one's time, if a task is not urgent and not important, and so on. With this tool, a decision-maker is able to allocate one's resources to those tasks that enable him to reach his goals.
some decision according to a company website ("Influence Diagrams", 2006.). Typically, an influence diagram for example, with the case of a certain company shows how market price, market share, sales and marketing efforts, R & D, shareholder expectations influence each other, with arrows indicating an effect or influence. ...Show more

Summary

In making decisions, zeroing on what the important things are versus those which are secondary or not important at all, requires tools and techniques. Together these tools enable a decision-maker to arrive at a wise decision. These tools separately involve important elements such as time or the urgency element, the inter-connecting factors or parts that gives an analytical picture of a situation and the systematic process to follow in arriving at a decision.
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Techniques & Tools essay example
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