Organizational Decision-Making

1942 Words8 Pages
Organizational Decision-Making Introduction: The process of organizational change can be tumultuous and filled with unexpected challenges. This is true even when organizational change is intended to promote improvement of processes, procedures and efficiencies. This is why key decision-makers within an organization must take steps to prepare for obstacles and must possess a comprehensive understanding of the theoretical implications of a chosen decision. In a fast-paced and continually globalizing business environment, the way that we make decisions, follow-through with them and adjust them in the face of difficulty will be a key determinant of long-term survival, let alone success. The inherent challenges of effective decision-making and adjustment are demonstrated in the discussion hereafter, which proceeds from a personal experience where I participated in a decision-making process. In the chosen scenario, the decision fared poorly and the company suffered the negative consequences both it the experience of its personnel and in its overall performance. The discussion here gives consideration to the role of 'best fit' vs 'best practice' in business decision-making. Likewise, the sunk-cost effect and the transtheoretical model would both be relevant theoretical models in the course of the experience detailed hereafter. Background: In the present scenario, I served the role of floor-manager for a medical retail operation. Our company sold bandages, lotions,
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