Topic:
While Managers do not control many factors affecting the success of their decisions, they do have substantial control over the process they use to make decisions. Discuss how an effective decision making process could have an impact on an organization’s success. You need to evaluate the process and show how it relates to the success of an organization.
Everyone goes through similar decision-making processes umpteen times every day, regardless of their position in the organization. From the ground up - the security guard who needs to decide whether a person is authorized to enter the premise, to the top management, who at times must decide whether it is the time for the company to expand its market.
A good decision can reap in handsome profit for the company while a poor decision can do the exact opposite - throw the company into the reds. Decisions can make or break an organization, especially so, when the survival of an organization is solely based upon steering clear of the red zone.
As the old saying goes, prevention is better than cure. The importance of a good decision is obvious here thus it is important to have an effective decision-making process so as to prevent poor decisions from being made.
There are five steps to an effective decision-making process. The first step is to identify the problem, the recognition that one even exists. Once the problem had been identified, alternative solutions are to be generated, usually through a technique known as brainstorming. Brainstorming encourages group members to generate as many ideas as possible, without prior evaluation, this ...