Table of Contents Introduction 1 Traditional Decision-Making Process 1 Making Rational Decisions 2 Problem Definition-Rational 3 Identify Decision Criteria-Rational 3 Weight the Criteria-Rational 3 Generate the Alternatives-Rational 4 Evaluate the Alternatives-Rational 4 Select the Optimal Solution-Rational 4 Making “Good Enough” Decisions 4 Making Intuitive Decisions 4 Making Creative Decisions 5 Global Decision Making 5 Ethical Decision Making 5 Key Aspects of the Management Process 6 Decision-Making in Today’s Changing World 6 Global Managerial Decision Making 7 Effective Global Manager 7 What It Takes for a Manager to Be Effective in a Global Scope: 8 Conclusion 8 References 9 introduction Decision making plays a central role in management; for some people, management is decision making. However, there are good and bad decision makers in every culture. Good decision makers in every culture are those who learn not only to cope with the ambiguity and uncertainty of reality, but to thrive on it. Historically, managers were able to successfully base their decisions solely on their own experience and their own culture; today such a circumscribed domestic perspective no longer works. When dealing with a diverse group of employees, guaranteeing the ethicality of organizational behavior will necessitate special effort. This is due to employees with various backgrounds or demographic individualities may differ in their standards of ethics. Males and females appear to have alike standards when judging the ethicality of monetary issues but differ on issues such as the ethicality of breaking organizational behaviors. Decision making refers to making choices among alternative courses of action—which ma... ... middle of paper ... ...t requires simultaneously recognizing situations in which demands from both global and local elements are compelling, while combining an openness to and awareness of diversity across cultures and markets with a willingness and ability to synthesize across this diversity. References Adler, N. (2008). International Dimensions of Organizational Behavior. Mason, OH: Thomson Learning. Cohen, S. (2010). Effective global leaership requires a global mindset. Industrial and Commercial Training, 3-10. Jean Brittain Leslie, M. D. (2002). Managerial Effectiveness in a Global Context. Greensboro, NC: Center for Creative Leadership. Nickles, M. (1998). Decision-Making in a Global Environment. Graziadio Business Review, 2-4. SagePub. (2008, March 27). The Manager as Decision Maker. Retrieved from www.sagepub.com: http://www.sagepub.com/upm-data/23126_Chapter_5.pdf
Organizational Ethics Issue Resolution Paper Introduction For this paper, Washington Mutual has been selected to show how the ethical decision making process can be achieved. When it comes to business ethics in the workplace, Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option appears to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract.
One common activity to all managers is making decisions, this process of choosing a course of action among different alternatives. Whom to hire? Where to expand? Should we grow? All decisions do not have the same weight but each of them has a unique set of factors which need to be evaluated. Then how to make the right decision? Decision-making is a field of great interest in areas such as psychology, management, neuroscience, robotics and even economics, and there are countless models and software for simulating the human mind. Even though the decision-making process depends on the importance of the decision, it exists also many theories regarding these daily activities. Among them, some catch our attention such as the rational decision making
Therefore, as global leaders, we need to pay attention and be sensitive to these differences. An additional lesson I learned is that the appreciation of diverse cultures is not only important for leaders but also important for every member of a team. For example, if I am working in an organization in the U.S. I should expect that the way my boss conceptualize issues such as standards of performance might be different from how my boss from Ghana might conceptualize
Organizational behavior helps managers to improve the organization in a good way. Decision making process is the one of the behavior in human organizational behavior. According to McShane and Von Glinow (2000), “decision making a conscious process of making choices among one or more alternatives with the intention of moving toward some desired state of affairs”. Decision making is a linear process and it includes six steps such as identifying the problems, gather and evaluate data, list and evaluate alternatives, select best action, implement the decision and getter feedback (refer to Figure 1 in Appendix 1).
Edition, C. (2011). SKS 5000-Business Strategies for Organizational Effectiveness within the Global Perspective VitalSource eBook for Northcentral University. Pearson Learning Solutions. VitalBook file.
Ethics can have a big influence on decision-making in the workplace. Ethical behavior in the workplace is behavior that is accepted as morally right, rather than wrong. Unethical behavior can be considered illegal, or merely against the norms of society. Employees encounter ethical decisions every day in the workplace, whether they realize it or not. A cashier must make a decision on whether or not it is ethically or morally right to steal money from the cash register, or even merchandise. A retail store owner must make a decision on what is a reasonable price to charge a trusting customer. A CEO must decide how to use all the power he or she possesses.
...understanding of the multiple diverse cultures out there that are dealt with in everyday international business life.
Ethics is the responsibility of each individual person, but starts with the CEO and the Board of Directors, setting the right tone at the top and moves down through the organization, including setting the tone in the middle. A company’s culture and ethic standards start at the top, not from the bottom. Employees will almost always behave in the manner that they think management expects them, and it is foolish for management to pretend otherwise (Scudder). One of the CEO’s most important jobs is to create, foster, and communicate the culture of the organization. Wrongdoings or improper behavior rarely occurs in a void, leaders typically know when someone is compromising the company
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.
In the past few decades, the world has experienced heightened globalisation. During this period, organisations have prioritised setting up leaders capable of dealing with the ever-increasing involvedness of running their global operations. Overseeing global talent along with career paths is consequently a decisive challenge in lots of multinational organisations. Individuals as well as organisations perceive International assignments as a constructive way of developing global occupational competencies (Brewster & Suutari, 2005).
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.
This week’s lecture was based on attitudes, perception and individual decision making in the work place. The cognitive disparity that consists between our attitudes and behavior does affect how we are perceived in front of others, as that shows a lack of confidence in our decision- making skills.
Decision making is a process of choosing from two or more alternatives. A good decision is the one which is consistent logically with all the information one has. A good decision is the one that incorporates all the possible alternatives (Shepherd, & Rudd,2014). A good decision can be taken when one considers all the probabilities associated with the alternatives and considers all the likely outcomes of all the alternatives. Decision- making process consists of some steps. The first step is to identify a problem. It is important to identify the exact problem before considering all the alternatives. The second step is to identify a decision criteria. The third step is to allot weights to the decision criteria. The fourth step is to develop alternatives. The next step is to analyze the developed alternatives. The last step is to implement the alternative. During the entire decision-making process, it is important to evaluate the effectiveness of the decision. There can be two approaches to making a decision- rational approach and an emotional approach (Lerner, Li, Valdesolo, &
According to Caligiuri and Dragoni (n.d., p.227), a successful global manager has the competency of self-managing in a sense that he has a higher tolerance of ambiguity and believes highly in his ability to accomplish a task. And when integrated with a cultural curiosity competency, it is likely to formulate a global leader who is readily to learn