Organized Leadership

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Scenario planning combined with multi-criteria decision analysis in the decision-making processes with imaginary future scenarios that assist in speculating for the future uncertainties. Scenario explains how the future of the organization unfolds from the planned activities affected by various forces like: politics, science and technology. Scenario planning plays a great role in ensuring that the decisions of an organization cover the risks pertaining to the future scenarios, which are included in the plan. The process employs different methods, which define the approach to take in making corporate decisions. The scenario planning relates to the organization’s short term planning by ensuring that all the business activities planned within one year have proper plans and gives room for the adjustments.

Scenario planning helps most companies to accomplish their long-term decisions through foreseeing the future happening and defining the objects to deal with them when they happen. As an example, the vehicle manufacturing company with a long-term decision of producing remote driven cars takes up a scenario plan to decide on the best strategies. To achieve their goals they have to be aware of the available technology during that period and incorporate it in their designs (Montibeller, 2007).

Question three

Making managerial decisions involves creation of models, which assist in strategizing the expected activities for the success of an organization. A good managerial decision consists of long term objectives, selecting the best choice of activity among many alternatives, organizational change, and high resources commitment. To come up with a good model the decisions made should produce a quality process for the purpose of decision implementation. Many factors help in coming up with a good model. The individual decision-making, group decision making, and organizational decision-making are some of the factors considered in the process of establishing a working model. Computation, judgment, compromise, and inspiration are the strategies used in planning an effective model ensuring execution of all the laid down plans. The Success Measures Data System (SMDS) is used to measure the success of a working plan through reduction of time, and costs in an organization. It gives instructions on how to go about the evaluation of a given decision and ensures good execution of the plans.

Question four

For a long-term health of an organization, the management must come up with strategic decisions. Systems thinking allow business owners to make their understanding of social systems and use make improvements on them so that people can make use of business principles and ideas to make good decisions for the benefit of an organization.

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