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Topic on decision making
Importance of decision making in our life
Decision making
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What is decision making? Decision making is “The thought process of selecting a logical choice from the available options. When trying to make a good decision, a person must weight the positives and negatives of each option, and consider all the alternatives. For effective decision making, a person must be able to forecast the outcome of each option as well, and based on all these items, determine which option is the best for that particular situation.” (Decision making n.d) In Caribbean Motor Spares, The nature, scope and impact of purchase orders decision making at an operational level is a follows: Placing a purchase order for goods and services are usually done by the sales representatives of Caribbean Motor Spares. When a product is low, …show more content…
When management needs to be changed; because of whatever reason, a vacancy ad is placed in various newspapers, on television and on the company Facebook page for persons to apply for the managerial position a suitable candidate is then chosen to take up the position as the manager. After the manager is chosen, that person needs to be trained by Caribbean Motor Spares to perform the tasks and objectives to the standards of the business. When the training is complete, the manager then begins to carry out their respective duties in which ever area they are. Whilst the new manager is carrying out his or her duties, some of the older staff will have to assist the new manager how certain thing should be done. This is to ensure that no mistake is made and everything goes smoothly like it did before. The nature, scope and impact of change management at a strategic level; when management needs to be changed in Caribbean Motor Spares, the CEO/owner usually sets the requirements for the vacancy and place the vacancy in whichever mean he sees fit. When the vacancy is placed and CV’s are coming in, the CEO/owner then shortlist applicants. When he sees suitable applicants, they are then invited for an interview. When all the applicants are finished interviewed the best suitable applicant is then chosen to take up the role of the manager. After the manager is chosen, the owner of Caribbean Motor Spares then train the manager on how to perform tasks and what he/she needs to do to ensure all duties are carried out correctly. When there’s a change in management, it can be costly to the business because they have to put out a vacancy ad, pay to train the new
A decision is a conclusion or resolution reached after consideration. Everyday, people run into difficult decisions. The choices you make in your life define you as a person. In choice to kill his best friend, in the short story “Honor” The Servant has to choose what lengths he is willing to go to bury his son himself, and in another short story “ Gentlemen, Your Verdict” the commander lieutenant Oram has to make the best decision is when they are faced with a sinking ship and little oxygen left.
Change management in the form of policy that empowers employees to make decisions about product development and ensures the decision focus aligns with the grand strategy. The key success factors lie in maintaining high product quality, high product performance, and keeping track of what the competitions is doing. Risk is quite low and manageable through practices that include ensuring the market needs and wants are met and that quality control is applied during program development and delivery.
Hughes, M 2006, 'Strategic change', in M Hughes (ed.), Change management: a critical perspective, Chartered Institute of Personnel and Development, London, pp. 52-63.
The case revolves around Bob Marvin, president of the Motor Parts Corporation (MPC), and his executive vice president, AL Shepherd, who held a key senior management position in the company. After Bob, Al had the most important job since most of the line functions reported directly to him. His job required a considerable amount of traveling which he was not able to do lately because of his wife’s illness. Al 's wife, Ruth, was suffering from a malignant brain tumor due to which he was spending more and more time away from work to be with her.
The process of risk management, retirement process in this company and there are various processes to recruit new staff. They also control the onsite process of construction. Because they are very big company in the market, there are many ongoing processes regarding marketing and planning are going within the
Voluntary and involuntary turnover have an effect on organizations. Rapid changes in job descriptions, organizational structures, and inter-organizational competitiveness increase the importance of studying turnover and its relationship with organizational change. According to Leana and Van Buren (1999), "the loss of key network members can severely damage an organization 's social fabric and perhaps eradicate its social capital altogether." When businesses lose a high number of employees, problems can occur, costing the company time and money. Some of the costs incurred are associated with training, drug testing, physicals, and orientations to hire replacements that may take several months to learn the job and to achieve competency. There is a saying, “Good help is hard to find---and harder to keep”. This saying refers to good organizations trying to reduce turnover when the competition for retaining good employees is intense.
The idea of change is the most constant factor in business today and organisational change therefore plays a crucial role in this highly dynamic environment. It is defined as a company that is going through a transformation and is in a progressive step towards improving their existing capabilities. Organisational change is important as managers need to continue to commit and deliver today but must also think of changes that lie ahead tomorrow. This is a difficult task because management systems are design, and people are rewarded for stability. These two main factors will be discussed with reasons as to why organisational change is necessary for survival, but on the other hand why it is difficult to accomplish.
Decision making, as taken from the Wikipedia (2006) encyclopedia, is defined as "the cognitive process leading to the selection of a course of action among alternatives. Every decision making process produces a final choice called a decision. It can be an action or an opinion. It begins when we need to do something but we do not know what. Therefore, decision-making is a reasoning process which can be rational or irrational, and can be based on explicit assumptions or tacit assumptions." (para.1). Decisions made by using a decision-making model typically result in better decisions. Decisions resulting from the model tend to be more consistent since the same steps are followed each time. Increased thoroughness of decision options considered is another benefit in using a decision-making model, as numerous factors are taken into account.
change management is also called change control, it is an approach to use process, planning, and technique to changeover a group or an organization to show the future state and also achieve the demand of business outcome.(Rune Todnem, 2007).The meaning of change management which is when an organization grow slowly,and there are cause some internal problem,but it hard to change the business environment,the organization have to work out a change strategy,to adjust and improve internal hierarchy,workflow and enterprise culture,to help the organization transitions well,the key of organization change is management change,however,the success of organization change is come from management change,the change could not make sure the 100% success rate, even lower that makes people often scared and believe” change probably will failed, but not change absolutely will be failed, so realize how to change is important than why need change and change what.
Change is a constant and ingoing process in an organization. Change can be defined as one of the many characteristics of organization development. The change efforts are based on the analysis of particular problems and their purpose is to attain specific goals. Change is not an easy thing to implement and anticipate. It is a difficult and a challenging process; therefore the management has to take certain steps in order to prepare them for antedating the change in business environment. The senior management can prepare themselves for a change through studying and researching about change, by having a sound awareness about the change process and by understanding the necessity of change and by being mentally tough about the change process. All in all, a constant change is ...
Businesses recruit staff to expand the business objectives and change job roles within the business due to new skills and new
...ess of the organizations inclination to change; the staffs skills and competency; magnitude of revolution capability and decision-making strategy. This change must be pertinent to the organizations objectives and to its members; opportunities for the members of the organization to make informed and prudent choices for a prudent decision-making.
Managers must first evaluate their personal reactions to the organisational change and how they can best accept this change. They must then ascertain the knowledge or training they may need to lead this change in the most successful manner.
Rational decision making is one of the most common problem solving methods and can be used to solve almost all problems. Rational decision making and problem solving processes can be explained in a logical manner. Effective leaders use rational decision making processes to identify the problem, think up solutions, evaluate alternatives along with select a solution, implement and evaluate the final solution. In rational decision making leaders analyze the problem to achieve the most efficient choice through different possible alternatives from different scenarios before making a selection.
Decision making is one of the most important aspects in life and work because of its strong link to success and effectiveness. Actually, successful people achieve their goals in life and work through effective and efficient decision making. The decision making process is usually guided by an individual’s beliefs, values, and attitudes as well concepts. While a person can use various concepts in making decisions, they should be very careful to select a concept that is effective and contributes to huge success. Nonetheless, these concepts exist to help an individual become a better decision maker in the world around him/her.