Introduction In this reflective portfolio, i will be reflect about what I have learned from the past lectures as well as tutorials. It will be discussed by attaining four logs and I will start every log with explaining what i have learned before the lecture and what I have learned during the lecture, also discusses about the tutorial questions given by the lecturer. Log 1: Effective Communication Prior Knowledge my knowledge about effective communication was limited and I did know much about “what is the most effective way of communicating “with a person. Thought the lecturer i have known more about, importance of communication anywhere, whether it’s in an organization or with someone outside. Moreover, later i was able to pin point the difference …show more content…
It is a key factor in everyday life a bad decision can cause a company to fall or spoil someone's life on the other hand a good decision can help a company to excel in the field of business. So the next time when i get into a situation of decision making, it’s easier to make a better decision. Tutorial. Managerial decision making of Southwest Airline was discussed in a case study conducted. Decision making is understanding the decision process which eventually leads to predictions on the outcomes. The decision making style of Southwest Airlines was partial decision making where when the airline was attack James Parker the CEO cut down staff and salaries to deal with the current situation. I feel that it was not a correct decision to make but it was a very wise decision to make at that point of time. As a Business Manager decisions can be made for long, where whatever is c not be changed. If u ask me decision making is a complex and stressful process. But it is very important for a manager to understand the pros and cons before making a decision. It should not be done in a hurry but in some situations we need to make decisions quick. Whatever the situation the employees will have to be given training regards of ‘how to be calm during decision making. According to BBC to enrich people lives its best to make wise
Each decision-making strategy has advantages and disadvantages and none are always better than the others. An effective team leader will consider the options and determine which strategy is the most appropriate one for the issues to be decided and the circumstances in which the decision is to be made and implemented. Outcome-oriented businesses need leaders skilled at decision-making. Decision-making styles are neither good nor bad. The effectiveness of any decision-making style depends on the situation in which it is used. Performance is enhanced by integrating all styles, by finding the style that works best in particular project, or by being able to move intentionally from one decision-making style to another.
Secondly, a leader should learn how to make a good decision. It is better to make good decision rattan than a fast decision. There are few issues that should be considered in order to avoid making a bad decision. Before the decision was made, they should collect information and data first, and identifies the relevant sources. Second, compare each of the decision and also have to measures the levels of profitability and losses that might incurs to the organization.
Communication is a vital skill in all facets of life and all occupations. Before a person begins work, they first interview with the employer, where their communication skills are made apparent. These skills are vital to daily success in the workplace, whether they are used in direct communication or indirectly through the written word. It is crucial that the true meaning of what one person is trying to communicate to another is made perfectly clear the first time to ensure efficiency and success throughout all paths of life. There are also several situations for communication a person may experience. Communication situations can happen at any point in a person’s life, and it is imperative that a person is prepared for these situations when
In the corporate environment critical decisions must be made, sometimes quickly, whether because of changes in market conditions, corporate profits, or corporate performances. The decision-making process is vital to good management in today’s work environment. This paper will examine the relationship between critical thinking and the decision making process, explain what the textbook authors believe, and relate how both apply to today’s workplace.
Managers should be ready to teach the importance of decision-making skills and reinforcing organizational policy. Avoiding hasty, careless decisions, which can have devastating results on the manager's unit or the entire organization. Decisions made with forethought, using the many managerial tools available will lead to better and more profitable operatio...
The purpose of this paper is to find a decision-making model by using various resources. I will focus on identifying the steps in the decision-making model, how the model applied to a recent workplace decision and examines how critical thinking affected the decision.
An employee does an unsatisfactory job on an assigned project. Explain the attribution process that this person's manager will use to form judgments about this employee's job performance.
The decision making process involves; recognizing and defining problems, evaluate the effect of the problem, identifying the causes of the problem, frame the alternatives, evaluating impact, make the decision, evaluate the decision and measure results of the decision. With this information in mind you can make a sound decision.
Therefore, to achieve this objective, managers have to make choices in decision-making, which is the process of selecting a course of action from two or more alternatives (Weihrich & Koontz; 1994, 199). A sound decision making requires extensive knowledge of economic theory and the tools of economic analysis, that are directly related in the process of decision-making. Since managerial economics is concerned with such economic theories and tools of analysis, it is very relevant to the managerial decision-making process.
In a moment an unwise choice can completely derail your best developed goals or rather a wise decision can get you out of the murkiest of situations with ease. Now making a choice comes with responsibilities. The choices you make will affect not only you but also the people around you. At a personal level the things which drive our decisions are our emotions, our memories and our reasoning. At an organisational level it is always weighed according to the pros and cons of the decision.
Making decisions is an important part of our everyday life. Decisions define actions and lead to the achievement of goals. However, these depend on the effectiveness of the decision-making process. An effective decision is free from biases, uncertainties, and is deeply dependent on information and critical thinking. Poor decisions lead to the inability to achieve set objectives and could lead to losses, if finance is a factor. Therefore, it is important to contemplate about quality and ways to achieve it in decision-making, which is the focus of this paper. The purpose is to look into the needs of decision-making, including what one should do and what one should not do.
“Decision making is a process of first diverging to explore the possibilities and then converging on a solution(s). The Latin root of the word decision means "to cut off from all alternatives". This is what you should do when you decide.” (Kotelnikov, 2008). In fact, the decision making process helps reduce doubt and uncertainty about alternative choices to allow individual to choose the best reasonable choice. In addition, the decision making process can make the difference between a successful and an unsuccessful organization. Consequently, management tries to use the best techniques and tools possible to make the best decision. Nowadays, most organizations seem to think that they have the most effective and efficient decision making process. So what are the different styles of decision making processes have organizations implemented? In order to answer this question, the team members will investigate and observe the decision-making processes most prevalent in their organization. As a result, these papers will first compare and contrast the problem identification and formulation styles in the team members’ organizations. Then the most favorable aspects of each style will be discussed to describe a process by which a problem can be identified and described to stakeholders in a manner that is sensitive to their perspective.
Decision-making is an integral part of modern management. Essentially, Rational or sound decision making is taken as primary function of management.
Communication is one of the most important factors in our lives. It dictates the relationships formed with the individuals in personal and professional lives. Effective communication provides a foundation for trust and respect to grow. It also helps better understand a person and the context of the conversation. Individuals often believe that their communication skills are much better than what they actually are. Communication appears effortless; however, much of what two people discuss gets misunderstood, thus leading to conflicts and distress. To communicate effectively, one must understand the emotion behind the information being said. Knowing how to communicate effectively can improve relationships one has at home, work and in social affairs. Understanding communication skills such as; listening, non-verbal communication and managing stress can help better the relationships one has with others.
Some decisions prove to be vital and any miscalculation that may be involved may prove dire for the individual or the organization. In identifying the criterion to use while evaluating different decisions, many factors pertaining the structure should be considered. The pros and cons of every decision made should be evaluated to ensure that the option chosen has the most positive effect on the individual and the organization. Some of the activities that may require keen decision making include project development, finance and operations. With the knowledge attained it will be easier to cope with tough decisions that may come up in my career. Decision making models may be generated to give an in depth view to the problem and also provide critical analysis ability. It is also vital noting that for those in managerial positions, they face a bigger task in decision making. A good understanding of the business function and structure will provide an in depth knowhow to those that have studied the