BUSINESS RELATIONSHIPS

Page 335

310

Part 6 • Problem Solving

Involving all concerned parties in the generation and analysis of alternatives enhances the value, acceptance, and implementation of an action plan. Soliciting feedback to determine if those involved understand the potential benefits and are ready to make the necessary commitment can test acceptance. As many solutions as possible should be generated to avoid picking a premature one that doesn’t meet all the long-run criteria.

DEVELOP ACTION ALTERNATIVES

EVALUATE BENEFITS AND RISKS OF ALTERNATIVES It is important to look at all the long-run consequences of the alternatives being considered. This is sometimes overlooked because of our tendency to avoid spending extra time and energy and our fear of discovering negative consequences in preferred solutions. Important criteria for evaluating action alternatives are each alternative’s probability of success and the associated degree of risk that negative consequences will occur. If the chance of failure is high and the related costs for an alternative are great, the benefits may not justify its use. Risk can be personal as well as economic—just ask the person whose reputation is on the line or who is soon to undergo a performance review. DECIDE ON A PLAN As alternatives are evaluated according to these criteria, many will be clearly unsatisfactory and can be eliminated. Sometimes the evaluation will reveal that one alternative is decidedly superior to all others. At other times none of the proposed action plans will be acceptable, signaling a need to develop additional alternatives. Most often, however, several alternatives will appear feasible, and the best one must be selected. Exhibit 19.2 illustrates a decision-making grid that summarizes the criteria for evaluating alternatives. Such a grid can help visualize which alternative offers the maximum benefits with minimal risks and costs. The decision-making goal is to select the best solution alternative for solving the entire problem without creating any additional negative consequences for anyone else in the organization.

Action Plan Implementation A decision and an action plan are of little value unless they are effectively implemented. How the action plan is to be accomplished connects the decision with reality. Implementation includes assigning tasks and responsibilities and establishing an implementation schedule. It is important to clarify both verbally and in writing what each person involved will do to make the new action plan work. To avoid misunderstandings, it is essential to specify who is to do what, by when, and how.

ASSIGN TASKS AND RESPONSIBILITIES

Alternatives

Criteria Benefits

Probability of Success

Alternative A Alternative B Alternative C

EXHIBIT 19.2 Decision-Making Grid.

Costs

Risks

Consequences

Timing


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Articles inside

Index

15min
pages 402-411

Appendix: Exercise Guidelines and Materials

14min
pages 396-401

Principles for Ethical Decision Making

2min
page 318

Action Plan Implementation

2min
page 335

Ethical Screening

2min
page 317

When Might Resistance to Change Be Helpful?

27min
pages 267-281

Applying Ethical Guideposts to Decisions

2min
page 316

Strategies to Overcome the Resistance to Change

2min
page 266

Stages of Team Development

15min
pages 289-299

Skills for Promoting Change

4min
pages 263-264

Applying Persuasive Skills in Formal Presentations

14min
pages 235-244

Improving Your Persuasive Skills

5min
pages 233-234

Persuasion Tactics

2min
page 232

Persuasion Strategies

2min
page 231

Considering the Cost–Benefit Equation

33min
pages 214-228

General Guidelines for Political Action

5min
pages 211-212

Specific Political Strategies

3min
page 213

Political Diagnostic Analysis

9min
pages 208-210

Delegation Skills

20min
pages 195-205

Coaching to Improve Performance

2min
page 179

Obtaining Goal Commitment

20min
pages 165-175

How to Set Goals

3min
page 164

Image Communication

15min
pages 121-130

What We Know about Providing Feedback

22min
pages 133-144

What We Know About Effective Listening

6min
pages 116-117

What Skills Are Required to Send Messages Effectively?

25min
pages 102-113

What Can You Do To Apply EI?

27min
pages 87-99

What Research Tells Us about EI

2min
page 86

Self-Awareness Questionnaires (SAQ

42min
pages 42-62

How to Increase Your Self-Awareness

11min
pages 38-41

Planning for Implementation

14min
pages 75-82

Guidelines for Participating in Chapter Exercises

2min
page 33

Summarizing Your Self-Awareness Profile

13min
pages 63-70

Chapter 1 Skills: An Introduction

1min
page 26

Defining the Key Interpersonal Skills

2min
page 29

How Do You Teach Skills?

4min
pages 31-32
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