Organizations need leaders who make good decisions; and team members want confident, capable and decisive leaders who can take them in the right direction. Clearly, people who make wise decisions are highly respected, which makes mastering the skill of decision making particularly important. No matter how experienced you are, you can usually improve your decision making skills still further. There are many techniques available to help you do this, but Decision Tree Analysis is one of the most reliable for making decisions based on their financial implications. Here, you take a decision you need to make and quantify your options by assigning values to them, which makes the process clearer, more objective and, generally, better. In this Skillbook, we explore how to use decision trees to make formal decisions. In around one hour, you’ll: Learn what a decision tree is. Complete one for an example situation. Assign probability values and choose the best alternative. 18 pages. This workbook is a downloadable product. All our Skillbooks are available for free to Mind Tools Club members. Go to www.mindtools.com to sign up and gain full access.
