One year ago, I was promoted to finance manager. It was an opportunity that I did not see coming. I was comfortable and confident in the various lead positions and projects I have been involved in so far and never saw myself as a “manager”. Transitioning from accomplishing tasks on my own “to getting things done through other people” (Williams, 2013, p.14) has been both challenging and rewarding. My goal is to be a deliberate manager, meaning making intentional, purposeful and knowing decisions; not letting the chips fall as they may. The score of my decision-making assessment was 67. The results determined, I have three areas to improve upon; generating potential solutions, evaluating alternatives and checking the decision. I have mentioned many times throughout this class, the StratOp process we use to determine the City’s core issues. In the process, we identify an action initiative plan (AIP) which entails a problem statement, objective and deliverable. To achieve the deliverable, a team lead and team members are chosen. When the finance department first starting using the StatOp tool, the team lead would usually hold one meeting and then they would complete the deliverable on their own. This tactic, I am guilty of doing as well. Teams are extremely useful and powerful in generating potential solutions. The first step after determining the core issue is to generate potential solutions. “Successful outcomes depend on using all resources available to make the right decision.” (Stanley, 2012, p. 10) The standard method used is brainstorming or a SWOT analysis. In order to improve my decision making process in the area of generating potential solutions, I will utilize other methods such as the Crawford Slip Writi... ... middle of paper ... ... ways with different tools and methods to improve my decision making for the organization. Works Cited Caruth, D. L., PhD., Caruth, Gail D,M.S., S.P.H.R., & Csaszar, L. K., PhD. (2010). Mistakes to avoid in decision making. SuperVision, 71(10), 3-6. Retrieved from http://search.proquest.com/docview/754151833?accountid=38569 Higgs, R. C., PhD., Smith, M. E., PhD., & Mechling, G. W., PhD. (2010). Making better business decisions. SuperVision, 71(2), 12-15. Retrieved from http://search.proquest.com/docview/195606886?accountid=38569 Mind Tools Ltd, (1996-2014). How Good Is Your Decision-Making? Retrieved February 9, 2014 from http://www.mindtools.com/pages/article/newTED_79.htm Stanley, T.L. (2012). decision-making should not be a coin flip. Supervision, Vol. 73 Issue 2, p10. Williams, C. (2013). MGMT, Student Edition (5th ed. pp. 14). Mason, OH: South-Western.
Roy, B. (1993). Decision science or decision-aid science? European journal of operational research , 66 (2), 184-203.
Before starting this reading assignment I never thought to question why I make the decisions I do in such a short amount of time. After reading Blink: The Power of Thinking Without Thinking, written by Malcolm Gladwell I have a better understanding of how we as individuals perceive and react to information. This book provides insight on how to critically asses and understand the way our minds operate on a deeper level. The book consists of 6 chapters, each providing insight on how the decision making process works and how it affects what we do with every second of the day. Throughout each chapter there are subsections with personal stories, case studies, or examples that help provide an alternative view on how the decision making process is carried out under normal circumstances.
The four simple steps taught me how. Making decisions will be significantly easier if I utilize the DDM. I know that the D.A.R.E. Decision Making Model will be beneficial to me even as I grow older and I am grateful that I have learned such a useful tool to implement in my life. D.A.R.E. has taught me useful techniques, tips, and strategies that will undoubtedly impact my actions in the future.
Making the right decisions is an ongoing struggle for man, because making decisions is never easy, and the wrong decision can lead to endless perils. Decisions must be made when dealing with power, loyalty, and trust. Yet, unlike other decisions, ones that are about these three fields are the most important, due to the risk involved, and because of the consequences that might follow.
How to Make Good Decisions and Be Right All the Time, (2008), Iain King, p. 147.
Managing a business can be very stressful especially being that most times one would be making decisions that could lift or drive their business straight into the ground. (Arensmeyer 3) One of the most important th...
Thinking critically and making decisions are important parts of today’s business environment. It is important to understand how the decision making process works and the steps involved. The nine steps of the decision making process are: identifying the problem, defining criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of the problem, framing alternatives, evaluating impacts of the alternatives, making the decision, implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods and tools to assist in making important business decisions an individual can ensure the decisions they make will be as successful as possible. In this paper it will be examined how the decision making process can be followed using various tools and techniques to make successful business decisions by using these same tools and techniques during a thinking critically business scenario. The paper will also discuss how different tools and techniques could have been used to make different, yet still successful decisions.
In dealing with most complex problems in today’s work environment, there may be more than one good answer to a problem. The question then becomes one of picking the best answer; this is called decision-making. Weighing the consequences of th...
The following is a decision-making model that I have used to arrive at a 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.
Getting accurate information for taking decisions is only possible when communication is proper. The decision maker should be aware of all the positives and negatives of taking a decision and that is possible only when there is good communication.
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.
Langdon, K. (2001). Smart things to know about decision making. Retrieved December 9, 2007, from eResourse.
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.
The widening of options primarily focuses on expanding the set of choices through identifying new options and analyzing them. This is followed by asking craftier questions in order to filter the information and collect trustworthy ones. Since making a choice at this stage may result in a bad decision, the next step is to developin...