Why Mangers Should Understand The Nature Of Managerial Decision Making

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

The decision making process includes cognitive processes that eventually lead to a choice in action while taking into consideration the alternative possibilities (Allen, Dorozenko, & Roberts, 2016). Not all choices have to lead to an action. The values and preferences of the person making the choice also comes into play when making the final decision. Problem-solving to obtain a certain goal or satisfactory by a solution is the main reason people go through the decision making process (Stefaniak, & Tracey, 2014). This process has many factors that end with one final result or solution. The decisions made can be rational or irrational and can be determined by explicit or tacit knowledge (Qingyao, Dongyu, & Weihua, 2016). Since the decision making process can be very difficult at time, psychologists have viewed the process in different perspectives to get a better understanding (Rossi, Picchi, Di Stefano, Marongiu, & Scarsini, 2015). The different perspectives include; psychological, cognitive, and normative or communicative rationality.

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.

Some decision that need to be made in a hurry, so I have no time to think carefully and do some researches, so I would turn my decision style to automated decision style.

4) The purpose of the committee is to find the best possible solution to tackle the financial crises faced by the university. However, it is not something that is guaranteed to be accepted by the President. The president will consider the report of the committee as the solution to the financial crises but the president does have the power to override, make suggestions or modify the solution as he see fits. It was wise to appoint her assistants as the vice provosts, to the task force to ensure that the president had easy access to information and minutes of the meetings. While the intent is to lower the cost of fringe benefits, the president does not want to

As a result of this decision environment it can be concluded that the decisions made in the start up of Spin Master were non-programmed decision types. A programmed decision uses a solution from a past experience to resolve a routine problem. A non-programmed decision uses a unique solution that is created for a new or unusual

The rational decision-making model describes a series of steps that decision makers should consider if their goal is to maximize the quality of their outcome. In other words, if you want to make sure that you make the best choice, going through the formal steps of the rational decision-making model may make sense. The following are the steps taken to come to a rational decision: 1. Identify the problem, 2. Establish decision criteria, 3. Weigh decision criteria, 4. Generate alternatives, 5. Evaluate the alternative, 6. Choose the best alternative, 7. Implement the decision, 8. Evaluate the decision.

made by the manager most of time. Apply to the theory, the level of making decision

As stated by Prasad (2008), the managers should identify the different choices available in order to get most acceptable outcome of a decision. From searching different alternatives the managers can evade blocks in operations as choices are suitable if a particular idea goes wrong. Khanka (2000) expresses the view that selections can developed from in many ways such as can get from sources like experience, do training other organizations, and take others ideas and suggestions related in problems. Furthermore to improve alternatives solution the managers may investigation the signs of a problem for clues or fall back on intuition or result that stated by Griffin and Moorhead (2010). For an example in marketing department a non-programmed decision is compulsory the manager have to produce alternatives for raise market share. As McShane and Von Glinow (2000) pointed out that in a programmed decision is a standard operations is not to generate choice but can take out from the documented that already saved. Next an organizer should search the mission of a decision. In other words they need to define what is to be accomplished by it (Quick & Nelson, 2013). The decision criteria are important as mentioned by Dubrin (2002). The several criteria are consumers must aware of varies in quality of products, there not happen inflation, workers must consider the quality of improvements and lastly job satisfaction should not be reduce.

Programmed decisions are type of decisions which are routine and repetitive, of which are within the frame work of organization policies and rules. Such polices rules are established in advance to solve a re- occurring problems within the organization. Such programmed decisions are usually taken at lower management level and tends to have a short-run impact on organization.

The decision is to select an action among a number of actions that solves a given problem, that prevents a problem from happening, or that forces to apply new ideas for development. The need for understanding decision making process is increasing because the complexity of modern organizations is increasing, and because the modern organizations' effectiveness depends on the decisions made by the managers. The question is how to select the most appropriate action to solve the problem satisfying all stakeholders.

Part three of the textbook contains chapters 5 through 8 which give a broad overview of creating an overall strategy for a company. In short, this process creates the company’s mission statement. Our social media company Twitter mission statement states, “To give everyone the power to create and share ideas and information instantly, without barriers.” This is very important because it allows both internal and external users to know what the company is about as a whole. The management strategy and decision making sections is a bit different from other aspects in business. Most of the other aspects focus more on functional areas, such as

perception that the management is the key decision maker and attempt to meet and fit to the management needs and try to get ahead on the courtship phase (p.878). Fiolleau et al. indicated that the incumbent auditor on this study perceived that the management’s decision to switch audit firm has been done and the motivation of the issuance of RFP possibly because of the incumbent auditor’s has more local long term relationship with the board and the audit committee than the management (p.878). Fiolleau et al. observed that auditors going in for client acquisition as a business activity, instead of an expert service one and that auditor is determined to winning the client and has the perseverance to get the business now and any concern is for later (p.886).

This report will discuss about the approach to rational decision making process. It discusses how an everyday problem faced by management can be tackled by using

Decision-making is a major job tasks for all managers. When making decisions that impact people’s everyday lives such as salary, vacation and job tasks the decision making process is even more important. Leaders must be strong willed and must have support of subordinates when making life-altering decisions (Maxwell, 2013). Being in education I deal with decisions being made about my job with out my input daily. The government constantly makes and alters decisions that affect my observations, curriculum and everyday job tasks. This type of decision-making is called autocratic decisions. Yuki (1990) states that autocratic decision-making is where the leader makes a decision without asking subordinates. However, autocratic decision-making is not the lone procedure when making decisions within an organization. Decisions procedures also consist of consultation and group decisions (Yuki, 1990). Throughout this paper we will be discussing the three decisions producers in relevance with the Alvis Corporation text.