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1. Which of the Six Thinking Hats do you use most often when making a decision? From your experiences, tell us two advantages you have given yourself when you have managed your emotions by looking at a challenge from different perspectives (such as the Debono model) while making decisions?
a. From my experience, I find myself using the white hat associated with data analytics much more frequently. I personally have recently looked into the stock market and how data can be used to make better informed decisions. I find that my thinking has steadily shifted to much more data-oriented decisions associated with making sound conclusions. The data perspective has been beneficial as it helps me to stay grounded from making decisions based purely on greed.
b. The two advantages of managing emotions is that you avoid rash decisions without regard to data. Another advantage associated with using the Debone model is that it can be adapted for the particular decision being made. The Debono method is also rational as it considers both the upside and downside of a particular decision. This is important as it provide controls from being overly positive and overly negative.
2. What do you see as the main difference between a successful and an unsuccessful decision? Tell us about a decision you made in which time was a factor in deciding the level of success, from your point of view.
a. The main difference between a success and unsuccessful decision is often emotion and lack of analytical rigor. As noted earlier, I am personally investing in the stock market. Here time is a critical factor as it relates to price and returns. Stocks typically rise particularly quickly and as a result, cause individuals to make rash decisions to avoid missing rapid rises in price. The emotion of greed can ultimately cause people to make unsuccessful decisions chasing trends that have already passed.
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Decision Making Decision-making Scenario Anderson Children's Hospital (ACH) is an internationally known and recognized pediatric hospital that provides the full range of services from primary to critical care units, located in San Francisco, CA with affiliated care centers throughout the Bay Area. The board of directors at ACH would like to create a mobile-crisis program to be piloted in the City of San Francisco and eventually grow to service the entire Bay Area.
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Thinking outside of the box is important, but if a person gets too far outside of that box it can be very confusing when it comes to trying to determine what options are viable and what should be avoided. I could have used that step in the model to my advantage, because I was not clear about my options. Basically, I saw my two choices as staying at my
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Groups Make Decisions? Decision making by an individual is a straightforward process due to the unilateral source thereof. But when it comes to group decision making, the matter has several complications particular when there are disparate opinions and several issues that needed addressed. Group decision making even becomes more challenging when there is a minority that is forming dissenting opinions. The paper by De Dreu and West is focused on