April 03, 2012

Applying it in real world.

I was trying to make connection between decision making theories and it’s application in real life; As we did in our LE PMA I think that is best way to demonstrate what you learned and how you going to apply in real life, because when I will finish my masters I have to demonstrate what I learned to my father in our family business. And I think every one of us is going to same process of demonstrating knowledge to someone some how. When I did LE PMA I thought that this is actually best way of learning new things and that time only I decided to try to apply each thing in real life as soon as possible to get better understanding so I am doing this in RDM now.

How one can demonstrate his knowledge of decision making to someone? I think this process probably will take longer time because no one will trust you on the first day. A beginner like me has to show my decisions were right again and again to my upper hierarchy then eventually my trust can build up. After that one can validate to others how decision-making tolls are important in real life.

The other problem I can foresee to apply this theoretical knowledge in real life is fear of failure and changing mindset. Changing mindset means it is very difficult to change old mindset of management and showing them how this new techniques are important than the old one. I thing this is big challenge; I will try to learn about this in change management module. And Fear of failure means if I am demonstrating any theory in real life as being a because of certain unavoidable reason or by any small mistake decision went wrong then no one will trust you and theories in future. It is hard to get second chance in real life to demonstrate your ability. Currently I can see this are difficulties to apply this in real life but I will make a way to overcome all this problem hopefully. 

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