Good decision making is very vital for any success to be achieved in an organizational setup. Good decision making is also one of the key indicators of effective leadership. By being able to make timely and well-considered decisions, the leader is able to inspire and lead his or her team to the desired goals. No matter the size of the company, good decision making is necessary to ensure that the company is able to overcome difficult times (Bazerman & Moore, 2012). The management of Radio Flyer has shown a high degree of competence as far as good decision making is concerned. Starting from its founder, Antonio Pasin to the current CEO, Robert Pasin (great-grandson of the founder), the leadership at Radio Flyer has shown one of the greatest standards when it comes to good decision making. Antonio Pasin is accredited with creating the rich heritage of Radio Flyer. Over the years, the company has grown and transformed the lives of the people around it (Spors, 2009). It strives to rediscover itself with every new generation that comes along. The great leadership skills portrayed by the founder of this great company have been passed down to all of its subsequent leaders as is evidenced through the able leadership portrayed by Robert Pasin. Whenever things are smooth, there is little for management team to be engaged in. However, when things are not going the right direction, an opportunities to showcase good decision making arises. The management is forced to decide on whether to hire or fire workers, investing in new technology or machines, venturing into new product lines or closing some and on how to raise the necessary finances for company operations. For a long time now, the management at Radio Flyer seems to be aware of the import... ... middle of paper ... ...d by the rich organizational culture that its leaders have managed to put in place. The result of such wise decisions has been a successful company which managed to sail through the economic crisis of 2008 with minimal trouble. Works Cited Bazerman, M., & Moore, D. A. (2012). Judgment in managerial decision making. Blesoff, D. E. (2011). Making Sustainability Sustainable. OD and Sustainability, 43 (4), 17. Holland, J., & Weathers, J. (2013). Aligning a Company's People Strategy with its Business Strategy and Brand Strategy. Journal of Brand Strategy, 2(3), 245-258. Kransdorff, A. (2006). Corporate DNA: Using Organizational Memory to Improve Poor Decision-making. Gower Publishing, Ltd.. Spors, K. K. (2009). Top Small Workplaces 2009. The Wall Street Journal. Watson, H. J., & Wixom, B. H. (2007). The Current State of Business Intelligence. Computer, 40(9), 96-99.
Also Qantas was running with an autocratic leadership style meaning autocratic managers like to make all the important decisions and closely supervise and control workers. Managers do not trust workers and simply give orders (one-way communication) that they expect to be obeyed. This approach derives from the views of Taylor as to how to motivate workers and relates to McGregor’s theory X view of workers. This approach has limitations but it can be effective in certain situations.
Sallam, Rita L; Tapadinhas, Joao; Parenteau, Josh; Yuen, Daniel;Hostman, Bill (2014, February 20). Magic quadrant for business intelligence and analytics platforms. Retrieved from http://www.gartner.com/technology/reprints.do?id=1-1QLGACN&ct=140210&st=sb
...er when it comes to quality. Besides, the company is very competitive in the market, and this kind of competitiveness has been passed to its employees. The employees compete among themselves, which brings the best out of them.
Company had a culture on not giving up through all the adversities the company faced. Strengthening of employees that is when they are motivates employees and is important part of the company. Finally cost awareness is when reduce price in every progression in the business. Southwest airlines are a strong culture company because of how they make the employees feel as part of family. This makes the employees to work hard for the success and that success they see the company as expert and personal
They have remained successful for many years because of their ability to stay on top of the world of technology. This is no small feat. Numerous companies have been lost because of a rapidly changing technology market that most were unable to keep up with the pace.
Decision making is a task which needs utmost balance on the part of the leader. One sided decisions when team input is necessary or resources going into a lot of group decision making process when the decision itself is not so crucial can turn out to be big result influencing part of the outcomes of a leadership experience. Leadership demands a lot of adaptability where the style of leadership to be followed, a complete leader driven or group driven is to chosen based on the type of decision to be taken and the situation in which the decision is to be taken.
Companies have transformed technology from a supporting tool into a strategic weapon.”(Davenport, 2006) In business research, technology has become an essential means that many organizations use in their daily operations. According to the article, Analytics is a major technological tool used. It is described as “the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions."(Davenport, 2006) Data is compiled to enhance business practices. When samples are taken, they are used to examine research and understand how to solve problems or why situations are as they are. Furthermore, in this article, Thomas Davenport discusses analytics from a business standpoint. He refers to organizations that have been successful in their usage of data and statistical analysis. In addition, he also discusses how data and statistics can be vital in the efforts to improve the operations of businesses.
1. What is it about the Gore organizational culture that keeps it a leader in innovation and creativity?
Toyota’s decision making structure is largely focused on management, despite the fact that the company operates in a highly dynamic and uncertain global environment. Toyota’s decision making proces...
First of all, business intelligence analysis requires the capturing of information and storing in a single location for effective data analysis. Currently, data analysis is supported by transactional systems, business specific data marts, and other ad-hoc processes. Information is distributed making it difficult and time-consuming to access. Business teams have adapted to this environment by creating user maintained databases and manual “work-arounds” to support new types of reporting and analysis. This has resulted in inconsistent data, redundant data storage, significant resource use for maintenance, and inefficient response to changing business needs.
Decision making refers to the process of finding and selecting options according to the priorities and values of the person making the decision. Since there are many choices involved, it is important to identify as many options as possible so as to pick the option that best fits a company’s target, goals, values and vision. Due to the integral role of decision making in company growth and financial progress, many firms such as Amazon.com and EBay are pumping in huge investments in business intelligence systems, which are made up of certain technological tools and technological applications that are created for the purpose of facilitating improved decision making process in business. In this paper, I take a critical look at Decision Support Systems and how they affect organizational Decision making.
Management will continue to encounter new challenges that require problem solving and decision-making strategies. Some problems may be easily resolved while others could take much longer depending on the complexity of the problem. In order for management to make effective decisions and achieve success for their businesses, the decision makers need to have adequate knowledge of the situation, critical thinking and excellent communication skills, and a sophisticated approach for tackling problems. Every business should have a systematic approach for solving problems and making decisions. Without one, decision making would be insufficient and businesses would be unproductive.
The dynamics of our society bring many challenges and opportunities to the business world. Within the last decade, hundreds of jobs have emerged particularly in the technology sector to help keep up with the ever-changing world and to compete on a larger and better scale than the competition. Two key job markets and the basis of this research paper are business intelligence or BI and data mining or DM. These two fields play a very important role in small to large companies and are becoming higher desired sectors within the back offices of the workplace. This paper will explore what the meaning of BI and DM really is, how they are used and what we can expect as workers and learners of the technology and business fields for the future.
An employee does an unsatisfactory job on an assigned project. Explain the attribution process that this person's manager will use to form judgments about this employee's job performance.
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.