Decision making is part of management that is very integral and it’s considered as a primary function of business management. Decision making can be defined as a cause of action, selected from a set of alternatives using given criteria to attain desired results. This paper will look at why decision making is difficult, how managers go about making decisions, evaluation, and assessment of outcomes and how my organization organization makes decisions.
Managers at all levels of management have to make decision regularly in everyday activities of their organization. The decision-making process usually is challenging due to the dynamic business environment. For this reason, managers faced with the challenge of ensuring they always have up-to-date information. However, the information is not readily available making it difficult to make decisions.in addition most organization have adopted an integrated supply chain hence any decision made affect the entire operations of a company. Thus managers have to make more complex decisions.
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To make sure that decision making is uniform across the organization implement a process that everyone can follow. Managers usually follow seven steps when making decisions (Quain, 2018). The first step is identifying the decision requirement. Next, the manager has to gather all the information that is relevant to the decision. When information is analyzed, it helps in the third step which is identifying all the alternatives. The fourth step is to evaluate the advantages and disadvantages of all the other options. Then the manager has to decide on the best alternative. The sixth step is for the manager to implement the decision made and finally the evaluation of the impact of the decision.
Evaluation and assessment of the result is critical because it shows whether or not the desired effect where obtain. An evaluation should provide adjustments that are necessary if the result were not attained. Several tools that can be used to evaluate decision they include: SWOT analysis, Cost-benefit analysis, decision tree analysis and analysis by the expert (Duff, 2018). I SWOT analysis you consider the strengths, the weaknesses, the opportunities and the threats posed by the decision made. Cost-benefit analysis can be used to access the cost incurred as a result of the decision made. Decision tree analysis maps the consequences of the decision made. Finally, outside expert can be used to identify errors or and value to the decision made.
In my organization decisions are made in various ways. For example, the top management may decide on without making any consultation. A consensus is another way used to in my organization to make a decision. An agreement can be done through brainstorming to arrive at desirable outcome i. Voting is another method used to make decisions. Voting saves time and customarily used when all the alternatives are good. In conclusion, every organization should take decision making very important because it affects the progress of an organization.
References
Quain, S. (2018). The Decision-Making Process in an Organization. Retrieved from https://smallbusiness.chron.com/decisionmaking-process-organization-21532.html
Duff, V. (2018). Decision Evaluation Tools. Retrieved from https://smallbusiness.chron.com/decision-evaluation-tools-41812.html
