Building Effective Decision Making Skills - 989 Words

Building Effective Decision Making Skills ( pg 26) 1. Carefully examine each of your three options. In what ways night each option affect the other parts of the organization? Option A Opting for lower grade material in a competitive market will come with serious backlashes. This option could negatively affect the company’s image, and reputation in the market. This would, inevitably, lead to loss of our position in the market. Moreover, since we are a company based on producing outdoor materials, it is a necessity for our products to remain durable while being exposed to rain, snow, wind, and sun. If we were to produce our products with cheaper resources, the durability of our products will be negatively affected. Option B History has proven to us that laying off workers have always had a destructive affect to any company, or organization. In fact, knowledgeable managers only resort to this during their most desperate of times. The morale of the remaining workforce would decrease significantly (It is natural human behavior to gossip, and worry about their employment securities), which in turn, would lead to a tremendous decrease in productivity. Loyalty among the remaining workforce will significantly decrease as well. Employees might, in fact, start looking for employment among rival companies since their current position might be in jeopardy. We could lose trust among our stakeholders, and shareholders as experts believe that reduction of the workforce to be anShow MoreRelatedBuilding Effective Decision Making Skills1524 Words   |  7 PagesBuilding Effective Decision-Making Skills When thinking about individuals that are highly successful, we usually associate their success, at least in part, to their effective decision making. Verman (2009) makes us understand that we use our decision-making skills to solve problems by choosing one plan of action from several possible alternatives. He went further and said decision making can be challenging, but nearly any decision involves some conflicts or dissatisfaction. The challenging part isRead MoreManaging Time Effectively1205 Words   |  5 Pagesemployees to go through the decision making process before making an imperative decision. This will help to eliminate barriersthat are set up for failure. Teamwork and team building skills also play a major part in the workplace. Everyone should realize that there is a common goal for which each individual has a shared responsibility.` ` Effective time management is a systematicprocess that takes determination and a long-term commitment. Time management skills are your abilities toRead MoreThe Importance Of Management Courses On Corporate Training1014 Words   |  5 Pagesstructure and standardisation. Managers who are well trained are better at making decisions, more productive, and notably astute at enhancing their employees’ professional growth and development. 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People’s skills entail those skills, which help a leader work effectively with peers, superiors, and subordinates to achieve the goals of an organization (Adair, 2009). A leader must have the ability to relate well with followers. Effective leaders have self-awareness, as well as the awareness of those around them. The leader needs to be socially perceptive. A leader requires interpersonal skills to show emotional intelligenceRead MoreManagement : For Avoiding And Compromising Essay1326 Words   |  6 Pagesvery good at handling difficult situations or making decisions where high risks are involved. Based on the analysis of my personality through these personality tests, I need to build skills in areas of communication, risk management and decision making in difficult situations as well as in dealing with risk and with situations requiring me to lead. So, it becomes important for me to build better communication skills as well as collaboration skills. Conflicts can be avoided in a team by ensuringRead MoreEssay on Business Teams1140 Words   |  5 PagesBusiness Teams Effective coaching and team building skills are important in many contexts. Whether discussing a high school soccer team or a team of business executives, many of the same strategies and skills are needed to allow teams to succeed to their highest potential. In this paper I will discuss these strategies and skills and explain their importance. I have interviewed a former high school soccer player about her interpretations of effective coaching and team building skills, and will compareRead MoreLeadership Analysis : The American Organization Of Nurse Managers948 Words   |  4 PagesExecutive Leadership Analysis There are many skills, traits, and behaviors one must possess in order to be an effective leader. The American Organization of Nurse Executives (AONE) has compiled a list of competencies and skills that nurse leaders should be proficient in. The five competency domains identified by AONE (2011) are â€Å"communication and relationship building, knowledge of health care environment, leadership skills, professionalism, and business skills† (p. 3). The competency domain I believeRead MoreWhat Makes A Great Man?920 Words   |  4 Pagesover and over again. Being in a leadership post does not automatically qualify a person to be a leader. One has to be an effective leader to be considered successful. This brings to mind the great nature versus nurture question. Is it possible for a leader to be made and not born? To answer this question, a study looked at the traits that are considered to make a leader effective and thus great (Kirkpatrick Locke, 1991). I read article twenty-five of chapter five of managing in the public