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Consumers, being human, have whims that cannot be assessed with financial data, or even predicted by the best of marketing departments.
This is also true of motivating individual employees. After all, an organization is only as good as its people. Thus, a good manager, will not merely look at the bottom line but also what motivates employees on an individual and intuitive basis. Often this is reflected in personal, anecdotal experience, rather than pure data. For example, challenges rather than ease spur some employes on, for other employees it is recognition of their wisdom, experience, or commitment to the organization. "I can excel or I can do the bare minimum. It makes no difference. I get paid the same. Why do anything above the minimum to get by?" said one disgruntled employee. (Judge & Robbins, 2006, p. 238) This employee, a teacher, felt that her school district did not solicit her input or respect her experience. She was driven to the profession out of idealism, not purely in pursuit of higher pay. If that was the case, she would have found another line of employment. What she wished was that her years of experience and perception had some impact on the wider curriculum....
Good decision makers take such human motivations into consideration when setting goals.
It is true that good decision makers might use the rational decision-making approach when making first, broad decisions about allocating organizational resources. But these decision-makers also know that it is necessary to take into consideration individualistic, human, and anecdotal factors when embarking upon a major project. If they do not, then they may find themselves, however rational, being irrationally taken by surprise.
Works Cited
Blue Letter Bible. Online Searchable Bible in Various Translations. Retrieved 11 Nov 2006 at http://www.blueletterbible.org/
Finance must excel now, more than ever: with continuous business volatility now a fact of life, the CFO must have a finance organization that can help to drive adaptive decision-making and overall company performance." (2002) CFO: Magazine for Chief Financial Officers. September 2002. Retrieved 11 Nov 2006 at http://www.findarticles.com/p/articles/mi_m3870/is_9_18/ai_92866117
Robbins, Stephen: Judge, Timothy (2006) Organizational Behavior. 12th Edition
New York: Pearson.
Works Cited
Blue Letter Bible. Online Searchable Bible in Various Translations. Retrieved 11 Nov 2006 at http://www.blueletterbible.org/
Finance must excel now, more than ever: with continuous business volatility now a fact of life, the CFO must have a finance organization that can help to drive adaptive decision-making and overall company performance." (2002) CFO: Magazine for Chief Financial Officers. September 2002. Retrieved 11 Nov 2006 at http://www.findarticles.com/p/articles/mi_m3870/is_9_18/ai_92866117
Robbins, Stephen: Judge, Timothy (2006) Organizational Behavior. 12th Edition
New York: Pearson.
People may expect their decisions to be put into immediate action, and if they are not, then again, resentment and a lack of unity are created within the organizational fabric. Democracy is important, but also effective praxis. "Remember, consensus is not about everyone agreeing on one idea, but in ensuring that the process to reach a solution is universally understood to be valid. It is support for implementing any action
The brainstorming approach: The Grubb & Ellis Company In contrast to the City of Miami, the Grubb & Ellis Company, a commercial real estate advisory firm, uses the 'brainstorming' method of decision-making. A creative business such as Grubb & Ellis clearly believes it benefits from a decision-making model that encourages a 'free for all' of information. In this model, individuals write down, collectively or individually, every idea that comes to mind,
Organization Decision Making Within an organization, there have to be many changes taking place at all times, without which the organization may stagnate and start to decline. These changes would have to be organization-wide, rather than small changes like changing the program, adding a new person, and so on. Some examples of organization-wide change are a change in the mission of the company, or a restructuring of operations, or maybe an
Leadership: Decision-Making Biases and Pitfalls Case PaperGlobalization and profuse technological infusion have created complexities in the business environment that have posed a major challenge for business managers. Decision-making has become intricate due to the transformation of processes and operations and the market�s uncertainties, competition, external forces, and target market preferences (Acciarini et al., 2020). This paper discusses some of the commonly known decision-making or cognitive biases relevant to the given
Decision Making Strategies Within any organization or process, there is the cognitive and purposeful role of decision making that is the result of taking in stimuli, choosing from alternatives, and making a final choice of an action, in action, or choice of action. This is true in the small business world, multinational corporations, individual life, and even with governments. It impacts Foreign Policy, trade, economics, and most certainly the idea of
76). As automation increasingly assumes the more mundane and routine aspects of work of all types, Drucker was visionary in his assessment of how decisions would be made in the years to come. "In the future," said Drucker, "it was possible that all employment would be managerial in nature, and we would then have progressed from a society of labor to a society of management" (Witzel, p. 76). The