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APEC Decision. By Jacky Leung Private & confidential, intended for the information of the organization to whom it is addressed. Agenda. Why decision making important ? Types of decision What is APEC decision ? Conclusion
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APEC Decision By Jacky Leung Private & confidential, intended for the information of the organization to whom it is addressed
Agenda • Why decision making important ? • Types of decision • What is APEC decision ? • Conclusion Private & confidential, intended for the information of the organization to whom it is addressed
Why decision making • Revisit objectives • Risk analysis • Confirm direction • Speed up the process Private & confidential, intended for the information of the organization to whom it is addressed
Types of decision • Authoritative • Participative • Elective • Consensus Private & confidential, intended for the information of the organization to whom it is addressed
Authoritative decision making • Description • decide and announce • Upside • fast • Downside • group intelligence not utilized Private & confidential, intended for the information of the organization to whom it is addressed
Participative decision making • Description • discussion, make decision by chairperson • Upside • utilizing group intelligence with better time control • Downside • disagreement Private & confidential, intended for the information of the organization to whom it is addressed
Elective decision making • Description • vote, minority follow majority • Upside • quick and easy • Downside • minority unsatisfactory Private & confidential, intended for the information of the organization to whom it is addressed
Consensus decision making • Description • all must agree • Upside • Highest level of commitment • Downside • time consuming Private & confidential, intended for the information of the organization to whom it is addressed
APEC decision making • Aim • Preparation • Evaluation • Conclusive Private & confidential, intended for the information of the organization to whom it is addressed
Conclusion • consider Achievable alternatives • forecast Profitability of the alternatives • have Effective discussion • try Compromise as possible Private & confidential, intended for the information of the organization to whom it is addressed