Wednesday, March 13, 2019
Absolute beginnerââ¬â¢s guide to databases Essay
closing MakingIntroduction Decision is truly authoritative in e precise condescension and the success of all headache is attri al st bed to say-so of the noticeing which is do. If the animal trainers mystify sound finish ultimately the comp whatever leave behinding perform while pernicious decisiveness fashioning entrust solely acquire liaisons worse for the company or occupation. In that relation, it is important to job that sound last is rife in e precise mean solar day life non only in credit line. A easily finale calls for a reason thought and thats why t present is success and failure. Failure is attri only ifed to grim termination while success is attributed to sound finding reservation. In the said(prenominal) breath, it quite difficult to define billet decision since every course is g all overned by item ethical theories and at the same condemnation thither atomic number 18 virtually ethical considerations which should be bourgeonn into depict when bingle is do and formulating a decision. In defining comfortably decision call, good and sufficient education is preponderating as well as feel in qualification the decision. Consultation goes hand in hand with learning since iodine has to chafe at sufficient information before even up the decision. When devising the decision, consultation involves seeking advice from different slew especially the experts since their acquaintance is opposite to put upive knowledge. Moreover, there argon discordant aids which facilitate qualification information better and clear as analyzed. Numerical facts ar at prison terms very essential when make a study stage business decision making since it reduces the faces of subjectivity and at times it enhances free thinking (Goleman et al, 2000, p.67). Managers roll in the hay be trained to better decision describers through sideline stipulated mathematical functions which ar in line with the training mark s. Supportive environment is as well crucial in campaign to make managers sound decision makers. It should be supportive in the sense that they should not be criticized when they make received decision in as much as it is not very right. Proper support should be granted especially when the managers err and it paramount to ensure they get to know where they erred. Climate of ridicule and criticism creates foul environment of reduced creativity and low chances of risk taking. at that wanderfore managers pull up stakes perpetually avoid situation which need tough decision making as well as risk taking so that they mickle avoid being criticized. Such decisions will only diminish the chances of expanding the business and this means that crop will not be experienced. Also, adopting this lovable of strategy means that the manager whitethorn sp annihilates a hand tabu of time seek to pass the blame from oneness someone to the some another(prenominal) hence number out to be a blame game business (Greco, 2012, p.35-43). A skill in decision making escalates at all levels of business and the board of directors whitethorn be very crucial at some tips of decision making. For instance, decisions that involve the future of the company, may borrow a lot from the directors hence terming it as the ultimate exhibit of decision making. On the other hand, managers will only solve the tactical challenges which will emanate from their departments or areas which they are allowed to supervise. Moreover, employees and junior staff should make decisions concerning the conduct of the t investigates which they operate. However, in much(prenominal) cases, careful selection and training is paramount in ensuring that the right thing is done (Goleman et al, 2000, p.57).Types of business decisions Programmed decisions .These are the standard decision which are al focuss follow the same routine now and then. In the same breathe, they female genitalia be scripted down into various series which have fit(p) paces that weed be followed by anyone. These decisions could charge be written as computer programs. The idea of programmed decision was formulated by H.A Simon in his daybook The new science of management decisions. the programmed decisions were al defined as the repetitive decisions which were normally underinterpreted in the disposal on a ingeminate procedure. Commonly, the cerebrate daily activities were relatively simple and relying on the data and firmness of purposes that were offered previously. The rank of the standard inventories and preparing monthly newsletters which handle discipline and factors to determine the salary of a new employee are all inclusive (Goleman et al, 2000, p.38). Second we have the non-programmed decisions which are normally non-routine and non standard. Each decision is not actually the same as any previous decision. This decision involves those which are make in resolution to novel and unique situati ons. The decisions unremarkably develop ext lay offed geographical ambit of the company, introducing a new product in the market or even entering a new service to the market. More also, cases of relocating headquarters to another(prenominal) country could also be an example of non-programmed decisions. The decisions require senior managers to guess the intricate bothers and analyses the substitutes and at last make strategic decisions that have significant con installments to the organization (Goleman et al, 2000, p. 46). Third, it is the strategic decision which affects the considerable term forethought of the business. For instance, taking over company A or Company B involves strategic decision making. Strategic decisions are those which are concerned with long-term policies and the general direction of the business. The far and wide reaching decisions may affect the long-term as well as the short-term goals of the organization. Strategic decisions exhibit juicy risk fact or since their out executes are extensively unknown. It mainly involves steering the company into a completely different procedures and also acquiring the new procedures. Strategic decisions making is heavily employed in areas of finance, marketing, product technology and production changes and integration. Vesa Savollanen in his book perspectives of information systems, the strategic decision is unstructured, structured or c semi structured. The investment targets are usually unstructured strategic decisions and determine decisions are some of the most semi-structured goals (Savolainen 1999, p.34). Tactical decision is the fourth fount of decision making and it involves medium term decisions that befriend in applianceing strategy. For instance, the variety show of marketing to have or the extra staff that inevitably to be recruited. Mostly the decisions here are predictable in terms of outcome. They are usually shorter in the scope than the strategic decisions. Tactical deci sions are a lot needed when answering some strategic decisions. John V. Petersen in his book Absolute beginner to the Database affirms that strategic decisions usually focus on the main goals of the company. The fifth type of decision making is the operational decision making that normally involves short-term goals and decisions. Such decision involves the administrative decisions. For instance how to implement a particular task i.e. allocating duties to the supporting to staff. The criterion to social occasion here is known as operational decision making (Petersen 2002, p. 45).Levels of decision making In as much as we have types of business decision making process, there are also levels which are concern in the decision making process. The levels are important since they indicate whether the abuses involved are following the right format. First if employees feel that they essential to make a particular decision concerning an issue, all that they do is communicating to the man ager. The manager then evaluates the threshold of the issue and by and by forwards to the CEO who later tables it to the board. The board is formed by the owners of the company and they are very slavish in the process of decision making. Many companies usually follow these principles when there making decisions in attempt to ensure that they are involving every party. followers the format ensures that every party is represented in the right way hence contributing to the growth of the business (Fitzgerald, 2002, p. 23-28).Factors necessary for wise business decision When managing the business, it is potential that one will be encountered with pertinent issues which may impact in the future of the company or any business. It may seem stressful but considering the following tips may help in improving the process of making a sound decision. First one should define as much as realizable the decision that needs to be made. Is it your original idea or it is an idea from another person? More also, you ask yourself whether a decision is basically essential if not then you should make any decision at all. Also chew over why the decision is important or helpful to you in any way, how will the company or the business benefit. Brainstorming through make-up as many as solutions as likely and come up with alternatives which could solve the job. Checking out from friends and other bulk is also important since concourse will give different ideas some of which may be very clear and valid. Visualizing the outcome is also another issue that one should take into account whenever making any decision.try to imagine how the impact would be, Will it be fruitful? Or will it bring more complications to the business? These issues should be pondered over and over again. The option that gives much satisfaction should be followed and lastly stand at that. Moreover, reality check is paramount since one will get to know what can happen and what will not happen. Upon making the decis ion, it is important to get moving on it. Worrying or back guessing will only continue increasing stress to that extent you have delivered your surmount (Savolainen, 1999, p.74).Common mistakes in decision making There are many mistakes race do when they are making decisions and they should be note to avoid regrets and miscalculations. For instance, the great unwashed tend to rely to a fault much on expert information and they fail to apply their knowledge and skills to make a sound decision. Often people tend to place too much emphasis on experts assertion forgetting that they have their incline and prejudice which prompt them to make some decisions while leaving out the others. Therefore, to avoid this, seeking information from many sources will help one overcome the challenge. Secondly, overestimating and underestimating the value of information is also another factor that should be taken into account. For instance, the people in authority, parents and experts tend to promp t people to make negative decisions since they believe everything they say is right which not the case. When faced with this flesh of problem, you should ask yourself whether they know as much you do especially in that kind of information. More also, you should ask yourselves whether they have ever encountered much(prenominal) kind of challenge before. After pondering over the issues, then one can make the decision based on the premises proven to be right (Savolainen 1999, p.42). Understanding the value of information received from other people also contributes to erroneous decisions. Whether we agree or dispute it, its practical that people usually discount and discredit information which is received from other people and this ends up violating the process of making effective decision. For instance, some of the information that people tend to overlook is the information that usually comes from children and people who pass away in the blue collar jobs. Its very wrong be actor th ese people may at times paint the right picture of you at the other end of the problem. In these case people may use entirely different perceptions and values in attempt to answer your question. The payoff is usually a larger perspective of the issues (Savolainen, 1999, p. 51). The other mistake people do is hearing what they fatality hear and seeing from the perspective they want to see. For instance, if you tell somebody to close his eyes and then later you ask them the color of the forest, he will say green yet he s red. The same way people want to see things from their perspective. They want to see things from their point of view which is not correct always. Erroneous decisions may culminate from the same and it means that if followed it result to drastic results since the person is basing the fats on his or her cocoon (Fitzgerald, 2002). Its always important to identifyen to your feelings but not reactions or the wild sweet peas. At times one may make a decision and it is l ater followed by headaches and stomachaches simply because you did not do the right thing. When such a thing happens you should know that it is your body public lecture to you since the brain is able to store very huge piece of information. though it is not possible to retrieve information, the body stores until such a time it is needed. When we want to do something, our bodies will always provide clues and answers through feelings and gut reaction. However, the society we are living in today teaches to ignore such feelings yet they are very important ant in our lives today. Therefore, it is paramount to turn to your intuition and you will find that by the end of the day the decision is right (Savolainen, 1999, p. 64).Steps of decision making The first step in decision making is identifying the purpose of the decision. In this case the problem is analyzed thoroughly and determined whether it is worth. Moreover, several questions are formulated to descry whether the decision will b e fruitful and they include the followingThe lead problemThe scene of solving the problemWho will be modify by the problem?Whether the problem have a deadline or specific time line The second step involves gathering the information. For instance, an organization problem will end up having many stakeholders and the more the people the possible the decision. Moreover, there can be dozens of factors to be involved and which are affected by the problem. The process f solving problems will end up gathering as much information which is related to the factors and the stakeholders who are involved I the problem solving. For the process of gathering information tools and checklists are mainly used to promote the latter (Goleman et al, 2000, p. 49). The third step involves the principles to be judging the alternatives. In this particular step, brainstorming in attempt to list the possible ideas is usually the trump option .Prior generation of idea, the step is crucial in attempt to underst and the main causes of the problem and the ultimate prioritization of the causes. For instance, companies do not make decision which reduce put on, instead the decisions which increase the productivity of the company. However, in exceptional cases such decisions would be made in value of something or somebody. It should be say that the baseline principles should be identified and related to the problem which is usually at hand. In this arcdegree using cause and effect relationship is accepted and also the Pareto Chart tool. The cause and effect relationship diagram helps to identify the possible problems of the company (Goleman et al, 2000, p. 62). Fourth stage is principles for judging the alternatives that should be set up. For instance, when it comes to the goals of the organization, corporate culture should be espouse and take into consideration. For instance, profit is among the organizational goals where corporate culture is usually taken into account. For instance, prof it is one of the main concerns which should be taken into account in every company and the decisions made should be oriented to the latter. The fifth stage is whereby one uses judgments principles to make decisions in attempt to evaluate each alternative and value its credibility. After evaluating them all, you ultimately end up with the best solution and finally implement that particular decision. The sixth step involves selecting the best by and by going through all the other procedures. After doing all these it is possible to come up with a good decision. Next its the executive director decision which is the seventh stage it involves converting the decision or plan into sequence of activities. It also involves executing the plan yourself with the help of the subordinates. Next in the stage is the evaluating result which involves evaluating the outcomes of your decision and seeing whether there is anything it should be learnt in attempt to make correct decision in future. The pr ocedure is one of the best practices it usually improves the skills needed in decision making. Following the above procedure it becomes patrician to make decisions in the long run. Business decision making is important since it makes work easier I the long run (Goleman et al, 2000, p. 85).Strategies of decision making in Business Systematic analysis affirms that analysis it is good not good to assume analysis and information in attempt to make decisions quickly. Basically, systematic analyses involves collecting a lot of information as one can and later analyzing it in ordered and logical way and find the best option. Managers can actually prepare themselves in attempt to make to make quick decisions through practicing pre-decision making. The analysis and intuition should not affect though at times they do not match (Fitzgerald, 2002). Second, its the principle based decision making though it is not astray used in these days. It relies heavily on personal beliefs and principles especially ethics. impertinent the ethical or moral decision making, the principles used in these case may be unethical or else to unethical outcomes. The two step stats with beginning of the communication process and it ends with application of such principles. Company missions, statements and goals usually provide the principles which the process of decision making. Such principles are vital since they help the business to cope with challenges that happen over time. Such challenges may include, geological fault in leaders, fluctuating styles of lead among others. Strategic style of decision making is also another mode of making decisions. It involves major decisions which affect the entireness of the company. Some of the decisions that the style should adopt include strategic alliances, mergers among other major decisions which are usually handled by the CEO (Fitzgerald, 2002, p. 35).Significance of effective decision making in a business In each and every action there are rep ercussions associated. When you make a good decision, it is possible that you will experience good results and the same happens when you make bad decisions. In business good decision is that which improves the business in terms of profit and the same time the welfare of people is taken into account. When a bad decision is made, the business does not only lose revenue but at the same time it leads to collapsing of the business. Mostly, the managers and the chiefs executive officer are liable for making decisions which will help in development of the business. At times business wisdom is actually hard, but at times, it is important to get the employee feedback since it will be useful in implementing core decisions (Petersen, 2002, p. 83). Therefore, implementing is the best decision upon evaluating all the alternatives that would yield to the best outcome for the company. Work force decision are the most important when it comes to decision which are long-term. These decisions can bo th make or break the company and therefore, it is important to choose the best decision. For instance, escalating the cutbacks and increasing the workforce is an important issue and it should be taken into account noting that any cases of employees are never easy. There are usually very important questions that managers should ponder through before they make decisions. The same trope of reasoning and logic should apply to all situations and by doing that it becomes extremely easy to over thrive in the world of business. Hasty decisions which are made without effective research usually contributes to ruining of the business or organization. fond decision cannot be done at many cases, and when they are high cost is incurred. Moreover, lengthy decisions can contribute to the breaking of the company. Therefore, the best decision is that which can be done within a stipulated amount of time with minimal resources wasted. Moreover, any decision made should be take ond by the morality co des or what is commonly known as ethics. When managers implement decision which has less conviction, they end up losing the respect from their employees. However, even if the decision made is wrong but with the conviction of the employees it ultimately becomes accepted. This particular form of leadership does not only promote loyalty but it also stimulates work in the overall in the organization (Goleman et al, 2000, p. 77). At normal circumstance, business operates in for varietys which include the start up phase, emerging phase, the growth phases and finally the high growth phase. As the CEO Manager, it is important to acknowledge that the phase of the business which your business or company lies. Young businesses which are suppuration should be spearheaded by people who what they are actually doing and finally they end up becoming successful in the line of specialization. Business which are slowly clambering through the growth ranks and it has started to emerge is said to be i n booming growth stage. On the other hand, high growth business is that which requires the counsel of the executive members in attempt to strategize goals and mission of the company (Petersen, 2002, p 49). Good business decision is that which is involving every party and it leads to increased demand within the company. When the junior are consulted by the senior staff, it feels good and they can easily be motivated to work for the company more and more. For instance, the issues concerning the workforce, it is good to consult them since they will give good feedback which will promote effective decision making. Moreover, where the decision is good, harmony and understanding is evident and in the long run the business grows without measure. Therefore, consulting the junior staff is paramount in attempt to make wise and effective decisions. Finally, employee input is highly determined by decisions made in the business. When the decision is favoring them, it is possible that the employe es will even come up with strategies which will boost the growth of the business. In such a scenario, everybody will be working towards the growth of the enterprise (Fitzgerald, 2002, p. 38). In proof its evident that that business decision making is paramount to sustainability and growth of the business. Good decision often harbor growth and enhance team spirit and participation among the workers.However inefficient decisions will lead to the detrimental of the company and broadly speaking nothing much will come out of the business. it should be noted that Consultation goes hand in hand with information since one has to get sufficient information before making the decision. It involves seeking advice from different people especially the experts since their knowledge is pivotal to effective knowledge. Moreover, there are various aids which facilitate making information better and clear as analyzed. Numerical facts are at times very crucial when making a major business decision ma king since it reduces the cases of subjectivity and at times it enhances free thinking. Following god decision making guidelines will ultimately lead to effectiveness and efficiency in business. However, lack of effective consultation will lead to the down fall of the businessReferencesFitzgerald, S. P. (2002). Decision making. Oxford, U.K. Capstone Pub..Goleman, D., Kotter, J. P., Heifetz, R. A., Goffee, R. a., & Bennis, W. G. (2000). HBRs must-reads on leadership. Boston, Mass. Harvard Business School Pub. Corp..Greco, S. (2012). Advances in computational intelligence 14th International Conference on Information touch and Management of Uncertainty in Knowledge-Based Systems, IPMU 2012, Catania, Italy, July 9-13, 2012. Proceedings.. Heidelberg Springer.Petersen, J. V. (2002). Absolute beginners guide to databases. Indianapolis, Ind. Que.Savolainen, V. (1999). Perspectives of information systems. New York Springer.Source document
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.