If you’re in charge of other people at work, then it’s important that you recognize them as much as possible for the hard work and effort that they put in. There are lots of ways to show them your appreciation, and it starts with knowing all the different types of gifts and promotional items that you can give away. With so many gifts to choose from though, it might seem overwhelming trying to pick one. One of the best ways to narrow down your choices is by making a decision tree. By the time you’re done doing a decision tree, you’ll easily be able to pick between various types of gifts, such as engraved travel rings or coffee mugs. The best part is – decision trees can be used to make any tough decision that comes up in business or life.
What is a Decision Tree?
A decision tree is a decision-making tool that senior-level employees use to help make decisions. When used properly, a decision tree outlines possible choices and the potential risks and gains of those possible choices. For now, let’s take a look at decision trees, including how they work, how to use them, and their many benefits.
How does a decision tree work?
The first thing that you’ll notice about a decision tree is that it takes on the form of a flowchart-like diagram. Within the tree, you list a series of decisions and the various outcomes that could take place as a result of those choices. You can leverage decision trees for much more than making decisions. You can also use them to enhance your planning strategy and for research analysis. The most notable aspect of a decision tree is that it is easy to use and understand.
What is the structure of a decision tree?
A decision tree has three core parts:
Root node: this is the starting point of the tree; contains a question or piece of criteria
Leaf nodes: contains a question or piece of criteria
Branches: arrows connecting nodes; demonstrate flow from one question to the possible answer
Generally, each node possesses two more nodes extending from it. Let’s say the root node has a question with a yes or no answer. In this case, there is a leaf node that outlines the yes response and another leaf node outlining the no response. In between those nodes are the branches, which make it simple to understand the flow between nodes.
Another great aspect of a decision tree is that you can remove sections of the tree at any time and reconnect different nodes; this is extremely ideal when you decide to do away with a potential solution or choice. By having the ability to remove and reconnect nodes via different branches, you don’t have to build a new decision tree each time you decide one of the potential choices isn’t a good fit.