A decision making model is a systematic means of arriving at a decision. It is a way of organizing data with the purpose of presenting or displaying it to the decision maker in such a way that is more obvious than simply making a list of the alternatives.
A recent popular model has been Porter's Five Forces Model, which involves depicting a relationship between competitors within an industry, potential competitors, suppliers, buyers and alternative solutions to the problem being addressed.
Another modern model is the Kepner Tregoe Matrix, which is one of the most unique documented analysis and decision-making methods. It is sometimes called a root cause analysis and decision-making method. It is a step-by-step approach for systematically solving problems, making decisions, and analyzing potential risks. It helps the decision maker to maximize critical thinking skills, systematically organize and prioritize information, set objectives, evaluate alternatives, and analyze impact.
There is also de Bono's "The Six Thinking Hats" method of decision making. This is a process for exploring different perspectives. Edward de Bono's model can be used for exploring different perspectives, roles and context towards a complex situation or problem. Viewing things from various vantage points is often a good idea in strategy formation or complex decision-making processes.
All in all, I think the Kepner Tregoe Matrix is the most helpful, because it calls for critical thinking analysis of the problem, which can help you choose between the diferent choices available to you.
A recent popular model has been Porter's Five Forces Model, which involves depicting a relationship between competitors within an industry, potential competitors, suppliers, buyers and alternative solutions to the problem being addressed.
Another modern model is the Kepner Tregoe Matrix, which is one of the most unique documented analysis and decision-making methods. It is sometimes called a root cause analysis and decision-making method. It is a step-by-step approach for systematically solving problems, making decisions, and analyzing potential risks. It helps the decision maker to maximize critical thinking skills, systematically organize and prioritize information, set objectives, evaluate alternatives, and analyze impact.
There is also de Bono's "The Six Thinking Hats" method of decision making. This is a process for exploring different perspectives. Edward de Bono's model can be used for exploring different perspectives, roles and context towards a complex situation or problem. Viewing things from various vantage points is often a good idea in strategy formation or complex decision-making processes.
All in all, I think the Kepner Tregoe Matrix is the most helpful, because it calls for critical thinking analysis of the problem, which can help you choose between the diferent choices available to you.
Wow I have never seen these types of models when I searched good job looking for unique models. My favorite out of these is Bono's because it uses different perspectives.
ReplyDeleteLike Lance Pants, I had never heard of these models before. One thing I would have liked was if you posted the steps of each model. I'm interested in the Matrix one that systematically solves problems. I just wish I new what it was! Anyway, cool stuff Dev!
ReplyDeleteI have never seen the Tregoe Matrix model before either. I think it is a really cool that you found such a cool model. I think the hat model is really cool too.
ReplyDeleteI also have never heard of these models. I heard of the root causing model like the Tregoe Matrix. I think your least effective model is the Porter's Five Forces Model but I think your other model, The Six Thinking Hats, seems like a really effective model. Nice Job
ReplyDeleteYa I agree with everyone who has commented on Devins Post, because mostly everyone who has made a blod used the same models. The PLUS model, the Rational Model, and the DARE model. Yet Devin when beyond what he needed.
ReplyDeleteAwsome blog Devin! Very informative on some models that I have never seen before. You explained the models in a brief but well informed way that I thought was helpful. Good job.
ReplyDeleteSweet blog Devim. I never heard of some of these mdoels like Bono's "Six Thinking Hats". That one is my favorite.
ReplyDeleteWow, out of all the blog postings I've read, your decision models definitely have the most unique names. Where did you find them? Anyway. I like the "six hats" one, it's different from the other models because it tells you to look at the situation from a different point of view, which can help make the best decision for a greater amount of people. Nice Job, keep up the good work :)
ReplyDeleteFirst of... I am a fan of your blogs layout! I really like the "Six Thinking Hats" method. I would imagine that it would be a great way to see every aspect of your problem and see every possible outcome. I may have to use that next time I am in a predicament.
ReplyDeleteI haven't ever heard of any of these models before, but I like the thought of the Six Thinking Hats model, since looking at problems from all perspectives is always important. I do see the value though in the other two, since they are more analytical.
ReplyDeleteI also have not heard of either of these models, but i'll give you props for being creative. Both of the models are very different, as the root model breaks down the steps, and the 6 hat model explores the diffrent outlooks on the problem. Both of these models are very helpful, delepnding on the situation encountered.
ReplyDeleteI liked your decision models. It was a good idea to define what a decision making model is. The six thinking hats model seemed to be the best model.
ReplyDeletei like the "six hats" one because it made you look at other perspectives and that could be very helpful and it was different because a lot of other peoples' posts were just from one perspective and i also liked the names of the ones that you found
ReplyDeleteVery clever Devin; hahahaha, the six thinking hats model is very sexey and clever. Instead of using the boring straight forward models that everyone else is using you put a super attractive spin on it; hahahaha keep up the good work?
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