What Makes A Good Decision Making - 888 Words

Good decision making skills are essential for all personnel in management positions. A thriving business consists of various mechanisms that reap the benefits of a great decision. Financial calculations are one of the many struggles that companies are faced with in order to maximize the business output in the best way possible. Making well educated decisions is one of the major steps that must be analyzed to guarantee the problems at hand are solved in the most proficient ways possible while minimizing the risk of losing monetary value or causing chaos within a company. There are multiple decision-making models that can be utilized in almost any business venture. â€Å"Increasing effectiveness in decision making is an important part of maximizing your effectiveness at work† ( Bauer Erodgan, 2012, p259). Each model follows different steps and allows personnel to solve the dilemma at hand more directly and efficiently. After evaluating the pending issue, personnel can determine what model is best suited for the situation and make the best possible decision. The best suited model that is applicable to this particular situation would be the rational decision making model. â€Å"The rational decision-making model describes a series of steps that decision makers should consider if their goal is to maximize the quality of their outcomes†( Bauer Erodgan, 2012, p.262). The four most pertinent pieces in the rational decision making model would be identifying the problem, production ofShow MoreRelatedDifficults in Spirtual Leadership Essay1447 Words   |  6 Pagesabout what choices they had before making a decision, but now with instant communication leaders are being bombarded with decisions and no longer have time to think about their choices. Jesus is the best model we have of how to be a good leader. Jesus’ success did not come from himself. Rather his success came because he sought the will of His Father. Even when Jesus had multitudes following Him, He made time to pray and talk to His Father. Jesus was the ultimate example: that to be a good leaderRead MoreAn Argument On Virtue Ethics Essay1140 Words   |  5 Pagesobjection that moral philosophy is sufficient for a virtuous person to make a decision in any given circumstances because it guides the person to be certain not in making the correct decision but in having virtuous intention. A person’s virtuous intention is based not by what end it reaches. It is by what action is made. Hursthouse might argue in our given example that the surgeon’s action is certain because he makes a decision with the intention to save a life of a patient instead of losing two.Read MoreThree Approaches to Making Ethical Decisions Within an Educational Institution170 0 Words   |  7 Pages Three Approaches to Making Ethical Decisions Within an Educational Institution Ethical decision-making is essential in understanding and demonstrating values in educational institutions. Philosophical, social and moral principles and values accentuate ethical decision-making and shape the foundation for understanding the relationship between an individuals values and decisions made in educational institutions. Administrating what an individual knows is right is not always straightforward, andRead MoreA Leader s Decision On The World Of The United States And Ceos Of Billion Dollar Companies Essay1009 Words   |  5 Pagesinevitable fact that exceptional leaders are good decision-makers. Good leaders understand how to utilize their VABES (values, assumptions, beliefs and expectations) to reason and make decisions that positively affect themselves, employees, customers and stakeholders, and organizations. VABES dictate how leaders attach worth, importance, and meaning to decisions. A leader’s decision is an outer expression of their personal VABES. Barak O bama makes the key decision daily to decide the faith of the UnitedRead MoreEssay about The Elements and Impact of Ethical Decision Making 1446 Words   |  6 PagesImpact of Ethical Decision Making We must first examine the thinking process and define the meaning of morality. We continually make decisions without regard to ethicsRead MoreSelf Reflection on Decision Making Essay1474 Words   |  6 PagesSolving and Decision Making Workshop: A Self Reflection I found the workshop on Problem Solving and Decision Making not just useful but also interesting. When we graduate and find work in organizations as Human Resource (HR) managers, we will be faced with many situations on a daily basis that will require us to make sensible, accurate and fair decisions. It could deciding which person to hire, which supplier to use, or which strategy to pursue, but the ability to make a good decision with availableRead MoreEthical Self Assessment1015 Words   |  5 Pagesindustry and they have the ability to influence patient care outcomes. Healthcare professionals face difficult choices concerning what is best for the patients and can sometimes become entangled with ethical dilemmas. Ethical decision making helps the healthcare professionals make the difficult choices when they are faced with an ethical dilemma. Those involved in the decision making process must consider ethical principles including justice, autonomy, beneficence and nonmaleficence as well as professionalRead MoreEthical Decision Making: What Are the Elements and the Impact?1366 Words   |  6 PagesTo answer this question, we must first examine the thinking process and define the meaning of morality. We continually make decisions without regard to ethics or moral values on a daily basis. We can define morality as a system of shared rules, or values that dictate specific behavior during the interaction of people. Morality or moral value is about doing the right thing and brings up questions on how we ought to act in any given situation. According to John Wilcox and Susan Ebbs, in The LeadershipRead MoreAre The Most On Values For Making Decisions?811 Words   |  4 PagesI would rely the most on values for making decisions. For example, a public administrator is faced with the challenge of reducing poverty by a certain degree. Information and facts are relevant in developing the best program. Research on facts and history should be done to select the best w ay to achieve the goal of reducing poverty for that city or town. All possible policy alternatives are outlined and rated. The best alternative is chosen from options like work-relief programs, higher welfareRead MoreManagerial Work Stress And Its Relation1445 Words   |  6 PagesManagerial Work Stress and its relation to Educational Decision- Taking Process at Basic Education Schools in Red Sea Governorate An Introduction: Decision- Making is affected by a combination of factors which may limit the ability of school management from making good educational Decisions. Work Stress is one of these factors, school team encounters a combination of stress when acting their functional works, this stress impact school team efficiency, level of motivation and achievement. Stress