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Decision making and its consequences
Importance of decision making in our life
The importance of making decisions Essay
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In order to make the right decisions, I have learned in this class it requires you to ask five questions to ensure the decision-making process is done to the best of your ability. The first question you would need to ask yourself is, do you have enough time to make the decision? By asking yourself this you’re determining if the decision could be made based off of your intuition or you analysis to figure out what is the best decision. It is extremely important to take your time when doing this. You don’t want to make a decision based off the first thing that comes to your mind. If you do so, you could make the wrong decision on a very significant matter, and that could affect your business in a negative way. The second question to ask yourself …show more content…
If a manager has employees with all the same strengths then they could never view the job in different aspects. And sometimes it takes people with diffident strengths to get the job done. Rather than having the same strengths under one business can cause problems and unnecessary competition in the workplace. Say for instance Kim is the store manager at a fast food restaurant she does the hiring and firing. Kim has three different shifts, but Kim wanted her first shift to have employees with the same strengths which are competition. This caused a ludicrous behavior in the work environment. Employees felt as if they had to compete with everything. They had to be the best at everything or they were nothing at all. Kim notices she made a mistake by choosing to have a shift with employees that has the same strengths. At the time of hiring the employees, Kim thought if all her employees had competition as their strength her restaurant would excel over all the other restaurants. Kim fails to realize that too many strengths of the same would make the business go down instead of rising above. Kim instantly spread the employees out on all three shifts and hired different employees with different strengths from then on out. This way Kim has a mixture of employees with different strengths, and it benefited one another and the restaurant profit from then
In summary, most workplaces are becoming increasingly diverse as people from different genders, races, cultures, ethnic origins, and lifestyles find themselves working together. The key to making diversity work is management. Knowing what they are and understanding what effects (positive or negative) they have on the organization is very important to the success of the company.
If every employee at the organization was doing a job or task that he/she is strong in their would not be any weakness showing in the organization. Everyone is at the peak performance trying to best the top person in the organization. I believe that the managers as well as everyone else would enjoy the benefits of reducing the turnover, greater productivity and profitability. Once everyone is on the same page and working together, sharing, and using each other strengths to better the organization, the more the employees would not mind working and possible getting more involved with the organization. If this was to happen the company’s attendance would always be up and so places would not be short staffed. When an employee is happy with the management and the stress levels are low at work it makes the work environment more safer and workable. If I was in a work environment where the stress levels are high, poor management, and their is a great deal of employee turnover, I would not be there or stay too long. If by chance I was still there, I would not be happy and hate to go to work. If an organization was a “strength based” management, they would receive the best customer services review and the company would be growing and using their abilities to the fullest. Also if the company was a “strength based” organization then everyone would be successful and exceeding in their work. I believe that if one organization starts being strength based there would be more on
In order to address the above components, five decision making steps have to be put in place, these are; being attentive, being intelligent, being reasonable, being responsible, and being reflective. The first step, being attentive, involves evaluating the whole situation and coming up with the data and information about the problem at hand. In so doing the following questions are viewed; what facts to bear in mind, what direction to take so as to get the expected solution, and what is the main issue to work on. In the second step, being intelligent, the information is clearly studied to determine whether the collected data is revealing the correct details concerning the problem. Determine the stakeholde...
“What You Don’t Know About Making Decisions” by David A. Garvin and Michael A. Roberto explores the ways successful leaders can design an effective decision-making process, and the areas one needs to avoid. Some areas that are mention are how leaders should focus on maintaining an Inquiry style decision process, and avoid an Advocacy style decision process. They explore how constructive conflict is desired if its cognitive conflict which allows people to openly express their differences which allows everyone to introduce new ideas. Affective conflict is to be desired, as it is emotional based and cause problems amongst teams. Garvin and Roberto talk about how leaders need to show they were listening to the discussion, and once a final choice is made, leaders need to show logic as to why the decision was made. Garvin and Roberto discuss closure within deliberations, and they talk about a Litmus Test. Throughout the paper Garvin and Roberto discuss many do’s and don’ts about decision making and ways leaders can be successful in running a team.
For whichever of these reasons that motivates them, it is clear that companies that diversify their workforces will have a distinct competitive advantage over those that don’t.
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.
Making business decisions involves choosing between alternative courses of action. Many factors affect business decisions, yet analysis typically focuses on finding the alternative that offers the highest return on investment or the greatest reduction in costs. Some decisions are based on little more than an intuitive understanding of the situation because available information is too limited to allow a more systematic analysis. In other cases, intangible factors such as convenience, prestige, and environmental considerations are more important than strictly quantitative factors. In all situations, managers can reach a sounder decision if they identify the consequences of alternative choices in financial terms. This unit
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...
Problem solving and decision-making are fundamental in all managerial activities. Although these defining characteristics of management can be used interchangeably, current literature makes a comprehensible delineation between the two. Problem solving can be defined as a mental process and is part of a larger process that begins with identifying the problem and ends by assessing the efficiency of the solution. Decision-making is also considered a mental process and identifies several alternative scenarios before making a final selection. For the purpose of this analysis, I will discuss the similarities and differences of problem solving and decision-making. I will also explain the steps of the decision-making process and discuss the different decision-making approaches.
Also, it can be a tough and often thankless job. You may have to deal with a variety of personalities and often have to make do with limited resources. It can be a challenge to motivate workers in the face of uncertainty and chaos. And managers may find it difficult to effectively blend the knowledge, skills, ambitions, and experiences of a diverse group of employees. Finally, as a manager, success typically depends on others’ work performance.
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.
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.
Managers need to appreciate the pros that diversity brings in. Respecting individual differences will benefit the workforce by increasing work productivity.
Decision making is one of the most important aspects in life and work because of its strong link to success and effectiveness. Actually, successful people achieve their goals in life and work through effective and efficient decision making. The decision making process is usually guided by an individual’s beliefs, values, and attitudes as well concepts. While a person can use various concepts in making decisions, they should be very careful to select a concept that is effective and contributes to huge success. Nonetheless, these concepts exist to help an individual become a better decision maker in the world around him/her.
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