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People who refer to out-of-the-box see the box … People who don’t know the box even exists are the innovative thinkers.
Definition of decision-making
Decision making can be presented as a problem of choice among several alternatives and is defined in the literature as a process of constructing the alternatives.
When making a decision, a person draws on existing knowledge to find out what the current situation is and what is needed? Then creates new knowledge of what to do with resources, and what will be the future state (expected results)? Information is the raw material of this decision making process.
In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.
Decision-making is one of the main
activities of managers and is a huge part of any process of implementation.
Human efficiency with regard to decisions has been depicted by researcher from
- Psychological: investigating the individual decisions in the context of a set of needs, expectations preferences and values the individual has or seeks.
- Cognitive: the decision-making process regarded as a continuous process integrated in the interaction with the environment.
- Normative: the examination of individual decisions in relation with the logic of decision-making and rationality and the invariant choice it leads to.
Decision making and Time factor!
Time is a critical factor in the decision-making process. Even if we acquire tools that help to take a decision if these tools can not inform decision makers at the right time about the way to take an action a disaster can occur.
Time isn’t the main thing. It’ s the only thing.
In current challenging context with Time pressure on the decision maker, insufficient or too much information, accuracy versus speed, and effectiveness versus efficiency, having a decision support system (DSS) that supports people who make decisions is crucial.
How we can define innovation ?
Innovation is “The act of introducing a new device (such smartphone, motor bike), method ( such a way of assembling cars, new business process or a new way of making money) or material for application to commercial or practical objectives” as defined by (Schilling, 2013).
What about innovation management?
Therefore, Innovation management is about how organizations and their employees manage their innovation activities. It includes :
- Formulating an innovation strategy,
- Insuring that employees can be creative and come up with new ideas,
- Managing execution of innovation projects (What, Who , Risks …).
In todays’ new and competitive world, where everything is changing faster, the only thing with which you can keep up with is the ability to be yourself. Being yourself means here to be the one different and unique from your competition. It is very important work smart not hard and keep moving forward. Have that human intelligence within you and be very competitive without killing these strengths of yours.
Today it is very easy to leave behind the creative side and keep doing tasks which we don’t really want to do or not having that keen interest. Loaded with work files and tasks, we totally forget that there is a creative side which will make life much easier and make everything way much easier and interesting to whatever work be it we like it or not.
If you are dedicated toward your work, ability to handle the stress you can give your best. Sometimes due to pressure, workload or any other tension we can’t give 100% output. It effects out creativity. Innovation management and creativity varies from time to time, or person to person. A person can help himself with more creative ideas day by day.
Bring out your creative side and you will notice the difference in your lifestyle, the tasks will become much manageable and will always get accomplished with ease. It is not always easy to apply creativity to your work.
Some of unique ways by which you can be creative in your business and work are depicted in the next articles
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