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Managerial Decision Making - Essay Example
Finance & Accounting
Pages 5 (1255 words)
Unit 1 Managerial Decision Making Discussion Board Question Name of the Writer Name of the Institution Unit 1 Managerial Decision Making Discussion Board Question Introduction We go through life making a number of decisions every day. Some of them are considered routine and ordinary, such as deciding the attire we will wear for work from day to day-while others are life changing and could affect our future in very definite ways…
I have also been asked to perform a self evaluation of the decisions made and to evaluate them myself as to whether I think they were a success or failure for the organization. My supervisor has asked me to email him this evaluation as part of my own yearly evaluation which will be used to decide my yearly bonus, so I have decided to make it as professional as possible. Discussion In posting my self evaluation regarding some recent decisions that I have made for the college, I have decided to evaluate each decision in terms of the six steps mentioned by Bazerman and Moore (2008) in their text and use this as a guide to determine whether each decision was a success or a failure. In this context I would like to define success as being an outcome where it has resulted in a reduction of effort on the part of staff or automated a process or reduced cost or improved the quality and efficiency of the college and its staff. If it did none of these things, I would regard it as a failure. The Office of Fiscal Affairs where I work is responsible for receiving and allocating funds for college use, as well as safeguarding financial assets. ...
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