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Uncertainty management theory
Uncertainty management theory
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Declining Executive Leader’s Decision Effectiveness
Having learned how decision-making occurs overall and in business, this section describes how business decisions have been ineffective when using traditional theories and styles. Research shows that leaders make poor decisions when using old-fashioned techniques. However, when practitioners apply academic decision-making theories and styles in real-world situations, leaders find these tools and methods cumbersome and irrelevant to decision quality and effectiveness (Yates et al., 2003).
Effective decision-making. Effectiveness can be linked to planning ahead, to tying decisions to business objectives, and to providing authoritative control (Barnard, 1938; Bennis & Goldsmith, 1997). Bennis and Goldsmith (1997) expanded upon Barnard’s research stating that not only is decision-making an essential function for executives when managing a business, but that leaders use their experiences to make effective decisions. The executive leader’s role in the organization has the highest impact on organizational performance. The business environment is in a constant state of change and is ever evolving (O’Keefe & Wright, 2010). Today, leaders are required to make business decisions under difficult conditions, such as limited time, uncertainty, high stakes, vague goals, and unstable conditions
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Leadership in organizations is driven by uncertainty. How leaders make decisions based on that uncertainty determines the performance of an organization (Hatch, 1997). Decisions are made on the basis of information available about various environmental variables. However, the variables are many and complex in nature. They may be related to political, economic, social, or other unknown variables. It is not possible to study all such variables in depth because of inadequate information or data. This leads to inaccuracy in
It is difficult to make life decisions when knowing that it is all up to you to make the right choice not knowing what the outcome is. In “Gregory” by Panos Ionannides, the soldier has to decide whether to follow the headquarters or his own instincts. Furthermore, in “Just Lather, That’s All” the barber also has to make a choice in a small amount of time, to either kill Torres or not. Moreover, he has no orders to kill Torres it was his own decision to kill someone. The protagonists in “Gregory” and “Just Lather, That’s All” both face moral dilemmas throughout the stories. In the short story “Gregory” by Panos Ionannides, the soldier decides to follow his ethics. In the story “Just Lather That’s All” by Hernando Tellez, the barber has chosen to go towards his morals. Both the soldier and the barber portray that they both need to make decisions that are wise.
Leadership has been defined in different ways, a definitaion of leadership that would be most commonly accepted would be “the ability of an individual to influence, motivate, and enable others to contribute toward the effectiveness and success of the organization…”(House et al., 1999, p. 184 as cited in Yukl, 2013, p. 19). After a comprehensive review of different leadership literature, Stogdill (1974, p. 259, as cited in Yukl, 2013, p. 18) concluded that “There are almost as many definitions of leadership as there are persons who have attempted to define the concept." Leadership can be viewed from two different angles one is shared influence process and other as a specialized role. Researcher who view leadership as a specialized role consider attributes as a factor in selecting a designated leader. On the contrast, theorist who emphasises on influence process considers “Leadership” as a social process or a pattern of relationship.
Leadership directly impacts an organization's bottom line, employee satisfaction, and turnover; it can impact how the organization is viewed by society and in particular its marketing audience. This is particularly significant during a downturn in economic markets. Organizations must meet budgetary controls, and need to communicate...
Leaders are the individuals who help to create options and opportunities. They help in identifying the choices and solve the problems. They build commitment and coalitions. Leaders do this by inspiring others and working along with them to construct the shared vision of the possibilities and commitments of a better group, organization or community. They engage the followers in such a way that most of the followers become leaders in their own right. The variety of demands of an increasingly complex world very often require that leadership be shared by most of the members of an organization, in appropriate ways for different situations. A leader is the on...
The role of leadership can impact an organization performance in many ways. Excellent leadership can propel a company to the fortune five hundred list. For Example, Harpo Incorporated Oprah Winfrey’s company is a successful business that has made billions of dollars over the years. The business consists of several different entities such as the Oprah Show, Oprah Winfrey Network, and The Dr. Phil Show to name a few. This could not have been accomplished with a weak or uneducated leader. Many years ago I heard her give advice to the Williams Sisters. The a...
Effective decision making is typically thought about as being a logical cognitively driven process. Contemporary research on decision making have acknowledged the influence of motivation and emotion on decision making. When emotion and motivation impact a short term decision in a way that is contradictory to a long term logical goal, decision errors or negative outcomes can occur. We all allow these emotions and motivational influences to affect our short term decisions from time to time. When positive outcomes result from these biased short term decisions, it can reinforce the use of emotion and motivational influence as an effective decision making tool. This essay will use personal examples of emotional and motivationally influenced decisions that initially provided positive outcomes, then in subsequent
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.
Blenko, M. W., Mankins, M. C., Rogers, P. (2010). The decision-driven organization. Harvard Business Review, 88(6), 54-62
Leadership Theories and Studies. (2009). In Encyclopedia of Management. Retrieved July 20, 2011 from http://www.highbeam.com/doc/1G2-3273100155.html
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.
In addition, (Amandi et al, 2004) makes us understand issues related to leadership decision and also gives a clear overview on leadership theories.
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.
Leadership is not always in the hands of members and it continually meet with dilemmas and difficulties.
Managerial decisions are an important component in achieving the objectives of the organization. The success or failure of a business depend upon the decisions made by managers (Jurina, 2011). Today’s increasing complexity in the world of business brought forth greater challenges for both the firm and its managers. The rapid rate of technological and digital advance as well as greater focus product innovation and processes that influence marketing and sales techniques have contributed to the increasing complexity in the business environment.
The first section describes the decision story, which narrate my choice and how I went about it. Next, the paper looks into the frames used and missed in my decision-making. Here, I also describe the influence of mental structures in making judgments. The third section reviews the intelligence gathering procedures, where I describe my approaches in information collection and minimizing uncertainties. This section also mentions the negative influence of availability bias, as mention by Schoemake and Russo (2002) and Kahneman (2011). The fourth section looks into the conclusion, where I explain how I concluded that Organization Leadership was the best choice. In ending the research, I will also reflect on my personal growth since I made the decision and its impact on my future, as