Essay on Lack of Focus and Knowledge Hurts Individuals and Business

Managers within organizations are faced with the challenges daily of making excellent decisions. In everyday life we are challenged in making sound decision, decision that will last for a life time. Folk often wonder after making a decision if it was the right choice, will it affect the people around me, was this a good choice for my family, and will the decision affect them. In order to be an effective manager you have to possess the skill of outstanding decision making skills. In order for one to be successful within their personal life they may also need to possess an understanding of effective decision making. The decision- making process should be one that makes a positive change. Can the decision making process work

Decision-making in the workforce is a process of responsibilities used by upper management to implement, enforce rules, regulations, and maintain a successful environment. Decision-making implemented more effectively by making a plan, thinking it through, accepting more than one opinion and determining what is best. However, decision-making often utilized more effectively by opening doors of opportunities for a suggestion, question, discussion, and feedback. Although, more involvement helps improve understanding, utilize behavior skills and present opportunities for better communication. Everyday life consists of decision-making, the right decision may not always be applied, but ensure room for improvement and opportunity. Individuals approached decision-making in many different ways. As stated by (Jones, Graham, & Bateman, 2006) decision making is a procedure used to recognize a problem, weigh the alternatives and evaluate a solution in which, certain situations will require different approaches to become effective.

Good management and leadership are essential for organizations to operate and additionally for the businesses to prosper. When businesses are well administered, they can function successfully and they can function effectively. Managers have exceptionally effective and strong plans, mangers have systematized structures, organizations, and they also assess effects. When businesses are appropriately directed, they acclimate to modifications in the situation and cultivate cultures that encourage obligation and improvement. Mutually good management and good leadership are essential to maintain organizational performance.

Rowe and Boulgarides (1992: 16) on the other hand categorized decisions into three: (1) Routine decisions – involves the carrying out and following of an organizations goal, prescribed policies and/or rules; (2) Creative decisions – whereby new or novel approaches are needed to handle more complex problems; and (3) Negotiated decisions – occurring in situations where conflict in goals or approaches to problem solving need to be resolved by involving participants.

Managing people is not easy, because everyone is an individual personality and everyone has their own opinion. Everyday people face different problems and challenges. These problems maybe small or big, but those problems need to be solved. Every individual has his own characteristic to portray. Variation of individuals should be taken into consideration in managing them. Factors like

Furthermore, understanding how to deal with these biases is the key to making a good decision. Also, it is important not to make judgmental heuristics which are shortcuts used to reach a decision faster (Moisand, 2000). Another key takeaway is to use evidence-based decision making when making an important decision. Managers should use this concept to ensure they are gathering the best available evidence before making their decision. The leaders of BP and Transamerica certainly did not use evidence-based decision making nor did they follow the evidence-based decision-making model. If the leaders of these two companies followed the evidence-based decision-making model, they would start with identifying the problem and end with making the decision (Kreitner & Kinicki, 2013).

Being a good manager always starts with having a plan…which keeps disaster from happening. A company cannot succeed without one. That is when the need of a manager comes in. They’re the ones normally that come in with the why’s and how’s of how they would like the department

Second, know how you plan to pay for this vehicle. Are you paying cash or will you need to finance. If you are paying cash, know ahead of time how much you have or are willing to spend; and stick with it. If you need to finance, check out interest rates and terms that are available to you through banks and other financial institutions, such as credit unions, small finance companies, and even family. Car dealers generate a great deal of income from assisting you with financing. The financial institutions pay dealers depending on what interest rate and term they give to the customer. You may, be able to save money doing it yourself.

* Primary focus on improving management decisions at scale – did the analysis to identify time gap between information and application to decision making

In my profession, I have had the opportunity to be in the company of many types of people. I have seen various management styles, on many different levels. For some, the

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

2009 pg 111) It can stifle creativity, be unnecessarily time wasting causing a loss of confidence and moral in the employee or workforce (Roberts, G. 2009) This type of manager can be overly domineering and controlling, creating a more stressful work atmosphere. The positive attributes are that is shows the manager is passionate about the company’s success, is focused and determined with good attention to detail. (Fina, M 2009 111) Managers with little faith in their employees’ abilities instil uncertainty causing the employee to have low expectations of themselves, ‘fearing the worst’ from their manager and overall inhibiting the growth and potential of individual. (Bhote, K. 2003 pg 69)

The focus of my term paper is the decision making process used by today's top-level managers. Top-level managers, such as Chief Executive Officers (CEOs), Chief Operations Officers (COOs), and Chief Financial Officers (CFOs), must make critical decisions on a daily basis. Their choices and the resulting outcomes affect the company, the employees, and the stakeholders. Due to the high importance of their decisions, the process they use to reach them merits a close examination.

An effective manager should focus on the overall objective and prepare for the future. They also need to consider any minor issues that arise because the little things could help the overall objective. An effective manager cannot sit back and manage employees from an office.

1. The most significant challenge to business success you see in this rapidly changing global economy;