StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Decision Making Process - Essay Example

Cite this document
Summary
Decision is one of the significant disposition qualities distinguish high performers from the huge ranks of the average. As a matter of fact decision goes with every real huge success any person ever makes. The majority of…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Decision Making Process
Read Text Preview

Extract of sample "Decision Making Process"

Decision Making Process It is believed that decision is the answer to change. Decision is one of the significant disposition qualities distinguish high performers from the huge ranks of the average. As a matter of fact decision goes with every real huge success any person ever makes. The majority of successful people makes decisions quickly and changes them slowly. They continue with the decisions they have made. But, ‘unsuccessful’ are very sluggish to make any decision at all and they change the ones they have made very rapidly indeed (Kotelnikov, 2008).

It is necessary to understand the dynamics that create high quality decision making leaders for an institution. The decision making process is merely as good as the weakest link. To take always high quality decisions, there is a need to ‘divide and conquer’ or split the decision and work on it part by part at a time. Being a leader, make certain to focus on people what it takes to suitably frame decisions. In order to establish decision quality in the organization, one should have a hand in declaring or checking each important decision frame.

Soon after, when people become more certain and assured, turn them free to do their own framing, and guide them as a coach. As for the organizational decision making one should follow the decision dialog process that is suitably precise and flexible for the types of decisions. One should be able to judge decisions even as they’re being made, mainly when there are significant doubts, by assessing the quality of the work done at each of the six Decision Points: frame, people, process, alternatives, values, and information.

Making decisions in the face of doubt is what leaders and managers are supposed to do. There is a requirement to see how the decisions might link up, and how others might link them up and then put the frame in view of that. No one can know everything in advance. Recognizing, perceptive, talking about, and finally counting uncertainty are all element of good decision making. Assist people to find out and understand risk. Recognize the critical uncertainty, on which the decision actually depends.

Make use the creative insight to reframe the decision, identify alternatives, and sharpen the ethics so that one can with poise select a path, even if one doesn’t know for sure the result. People have different risk profiles. The lenience for risk indicates how one processes each of the Six Decision Points: frame, people, process, alternatives, values, and information. Think about risk tolerance. As in the case of significant decision, create a team of people with a broad risk profile. Organizational Decision Making is a Balancing Act.

One can surely make these sorts of balancing decisions on a case by case basis. As an option, make rules around the four paradoxes for the different types of decisions people in the organization frequently make. The four paradoxes are: Inclusion vs. Efficiency, Empowerment vs. Control, Rules vs. Method, and Head vs. Heart. One can state this in terms of high/lows and let individual actors work out the information, or by being instruction and prescriptive in how someone wants people to handle each paradox.

Two-choice dilemmas create leaders. The first and foremost thing one has to do when in a two-choice dilemma is to call it out. Act as if there isn’t a crisis, confusion, or both, wear away self-confidence and devastate authority to lead. Hastening to hardship and tough decisions is what identifies leadership. Decide how one is going to work the problem, and then labor it with a reason. Create choice with self-assurance. Decision quality must be developed in step by step. Develop quality into the decision framework and into the processes by which one direct how the people build small and large decisions.

For superior decisions, develop decision processes that create dialog and decisive thoughts at precise stages like framing, values, and alternatives to make sure arrangement and agreement on these vital elements of decision making. It’s not a decision until you commit. Having taken the decision to a choice, make a commitment, whatever it takes, to get it executed. Even though it seems very simple, most organizations, by the access of the people running them, do little for getting the objective into action (Hoffberg and Korver, 2006).

For example consider a state of affairs with a decision-making body, i.e., a company board. The decision making procedure can be explained in an identical method separately. A decision-making process begins when a resolution is to be accepted by the decision-making body. A decision-making process can originate from outside the organization or from inside. Here it is assumed that for instance, a record from the previous board meeting and may be considered as the order for decision making. The decision-making body must gather all basic information and assess before the decision taken.

Based on information the decision-making process begins: defining the essential records needed for decision-making, getting and assessing the ground document, planning suggestion, passing decision. The aims of the decision-making process are to ensure that all ground records are defined, collected and evaluated and also proposal is made and passed by the decision-making body (Bider, 2002). ReferencesBider, I. (2002) Business Process Modeling as a Method of Requirements Engineering IbisSoft AB Box.

Retrieved on 27 February 2008 from: http://www.iceis.org/Hall_Of_Fame/ibider/ibider_2002.pdf Hoffberg, K.and Korver, C. (2006). Leadership and Decision Making DQI, LLC Retrieved on 27 February 2008 from: http://www.bpmforum.org/DecisionROI/PDF/Leadership_DQ.pdf Kotelnikov, V. (2008). Decision as the Key to Transformation, Decision Making The Art, Science, and Practice, Business Coach. Retrieved on 27 February 2008 from: http://www.1000ventures.com/business_guide/crosscuttings/decision_making_main.html

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Decision Making Process Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Decision Making Process Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1544747-decision-making-process
(Decision Making Process Essay Example | Topics and Well Written Essays - 500 Words)
Decision Making Process Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1544747-decision-making-process.
“Decision Making Process Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1544747-decision-making-process.
  • Cited: 0 times

CHECK THESE SAMPLES OF Decision Making Process

Consumer Decision-Making Process

In the paper “Consumer Decision-making process” the author discusses online shopping, which has turned into a norm.... Even though the decision-making process for consumers is more or less the same, online marketers need to re-think their online marketing strategy.... hellip; The author explains that the decision-making process purchasing process progresses in five stages: recognizing needs, searching for information, evaluating alternatives, purchasing decision and post-purchasing behavior....
7 Pages (1750 words) Essay

Consumer Decision Making Process

This paper, Consumer Decision Making Process, will analyze the characteristics affecting the consumer behavior, types of consumer buying decisions, and components that affect the Decision Making Process.... nbsp;The concept of consumer behavior is important in the field of marketing because it is highly related to consumer decision making....   … As the report discusses consumer behavior is a theoretical concept that addresses different stages a consumer would pass through before they make a particular purchase decision....
8 Pages (2000 words) Assignment

Ethical Decision Making Process

This paper "Ethical Decision Making Process" focuses on the fact that Jane Jones works for ABC Corporation, a U.... On one hand, she could choose to pay the customs agent $500 and have the customs process expedited faster.... The main problem highlighted in the hypothetical case relates to an ethical dilemma and conflict of interests as they relate to decision-making.... Such a decision would raise economic, legal and ethical issues that may malign the name of the employer....
2 Pages (500 words) Essay

The Decision Making Process

nbsp;… According to the paper, The Decision Making Process, the ultimate objective of the decision making is finding a suitable solution for the emergency of such compulsions.... Generally, a Decision Making Process is initiated according to the expectations and preferences of the decision maker for the purpose of eliminating possible uncertainties of the results of a preplanned future action.... Plus: The Decision Making Process.... The prospect of decision making, therefore, has to be seen from various angles that range from personal needs to professional requirements....
2 Pages (500 words) Essay

Buyer Decision Making Process

The present essay "Buyer Decision Making Process" dwells on consumer decision issues.... Evaluation of alternatives Peer influence was significant in the evaluation process.... Purchase decision Based on the analysis, I decided to buy the PC, immediately, and from ACP Components, a PC distributer at from Santa Ana.... The previous encounter with the distributer influence the decision because of developed confidence, services offered, and favorable prices that include discounts....
1 Pages (250 words) Essay

Decision Making Process Paper

At times, people make decisions… Therefore, a person has to make sure that there is a record of important decisions to make, or identify the right decision. The one time in life I had to make a personal and professional Management Decision-making process Decision-making is the act that involves choosing two or more s of action.... The last stage in decision-making process involves implementing the decision (Bateman & Snell, 2007).... The third stage in decision-making is to evaluate the existing alternatives and the fourth stage is to make a choice....
1 Pages (250 words) Essay

Consumer Decision Making Process

The assignment "Consumer Decision Making Process" talks about the interview which began with a brief introduction of the interviewer and the intention of the interview to the interviewee who bought a 400 QR worth Samsung Galaxy phone.... It was quite evident that the brand name played a role in influencing his purchasing decision....
4 Pages (1000 words) Assignment

Consultative Decision-Making Process

The author of the paper "Consultative Decision-making process" argues that since all the employees are at stake as s\he is worried about their pocketbooks and their future with the company, hence it is important to make them a part of the decision-making process.... I would use a consultative decision-making process.... hellip; Consultative decision-making becomes important when the decision to be made affects more than one person....
1 Pages (250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us