Essay, Research Paper: Forces Of Influence
Economy
Free Economy essays posted on this site were donated by users and are provided for informational use only. The free essay on this page was not written by our writers and should not be viewed as a sample of our writing service. We are neither affiliated with the author of this essay nor responsible for its content. If you need high quality, fresh and competent research / writing done on the subject of Economy, use the professional writing service offered by our company.
The Forces of Influence
Making decisions is a major portion of the manager's responsibilities. It is an aspect that cannot be taken lightly nor can it be done in a hasty manner. Hasty, careless decisions can have devastating results on the manager's unit or even for the entire company. Decisions that are made with deliberation using different kinds of processes can lead to better and/or more profitable operations. When decisions are made in this manner, the manager will be confident that they have made an appropriate decision and is the best option given the information available at the time. This does not mean that the manager will always make the correct decision. Lack of information or situational changes can lead to faulty analysis. However, if the manager uses critical thinking and proven successful decision-making strategies, they can and should be confident in whatever action they have decided is appropriate. Their confidence level will affect the outcome of their action.
"Managers can be called "information workers"; a manager is a craftsperson whose raw material is information (McCall & Kaplan 16)." Managers spend the majority of their time absorbing information and trying to process all the information in order to reach a decision of some sort or another. A manager has many information system sources that may provide information, including: systems and structures to document on ongoing progress and status of situations, people around them volunteer information and might be approached in search of trouble signs, clues, and to find missing pieces of puzzles, values of the organization, which point people in certain directions and define the critical variables in a complex array of possibilities, and a manager's own direct experience (McCall & Kaplan 16).
Information systems are effective tools that a manager may choose to use. These systems keep them informed of on going events. There is one major problem with information systems. Too much information and the manager can go into information overload. This can lead a manager to make faulty decisions based on information that is relevant to their perception but fail to investigate information an opposing idea or situation. Information overload can also result in paralysis of action.
Managers rely heavily on peers that surround them. This allows the manager to gather information needed to complete their critical thinking process, which leads to a decision. Although these peers might not have the proper information, they are still a primary source of information the manger must use. A manager cannot assume the information is either relevant or irrelevant.
The corporate vision or mission statement is places for managers to obtain information. This allows the manager to decipher what information is relevant from the company's standpoint.
The direct hands-on experience of a manger is a good source for obtaining information. When a manager is encountered with a problem that they have experienced before, they can use their firsthand experience and knowledge to aid in the critical thinking and decision-making process of the problem.
A big factor in what managers use to process the information they encounter relies heavily upon their cognitive process. Which according to McCall and Kaplan is the first step in making sense out of the information that is in front of them at the time. Managers process information through nine different processes including: making sense of the pieces; processing only so much; simplifying the information; utilizing an emotional component; defining a reality; digging for information; knowing what one is doing; knowing one's self; and having an open mind. To base decisions on personal perspectives or opinions without taking the time to analyze the situation can result in losses for the company. One other factor that is definitely an influence and a thinking pattern, which can affect a decision-making process, is the manager's personality. Different personality types have been related to decision-making strategies used.
There are many factors affecting the quality of decisions made by any given manager that include but are not limited to: personality characteristics, experience, the context of the situation at hand, strategies used and critical thinking and analysis. One topic not discussed at great length in this paper is the degree of confidence a manager has in the decisions they makes. It is only a logical conclusion that the manager will implement decisions with an enthusiasm and dedication that is equivalent to their belief they have selected the correct action for the situation. If the manager follows some of the simple steps outlined and avoids the pitfalls, they can and should have complete confidence in the decision made.
Works Cited
McCall, Morgan, Jr. and Robert E. Kaplan. Whatever it Takes. The Realities of Decision
Making. Prentice Hall 1990.
0
0
GOOD or BAD? How would you rate this essay?
Help other users to find the good and worthy free term papers and trash the bad ones.
Help other users to find the good and worthy free term papers and trash the bad ones.
Need a Custom Written Essay on Economy: Forces Of Influence
Free papers will not meet the guidelines of your specific project. If you need a custom essay on Economy: Forces Of Influence, we can write you a high quality authentic essay. While free essays can be traced by Turnitin (plagiarism detection program), our custom written papers will pass any plagiarism test, guaranteed. Our writing service will save you time and grade.
Related essays:
0
0
Economy / Accounting And Auditing Processes
Justin Denman
Accounting and Auditing Processes
March 4, 2000
Writing Assignment #1
Revenue Recognition Policies
The purpose of this paper is to compare the revenue recogn...
1
0
Economy / Free Rider Problem
The Free Rider Problem
The free rider issue has become one of the most serious economic issues today. The free rider is a lazy type person who wants the benefits that others bring i...
0
0
Economy / Free Trade In Canada
The main goal of free trade is to make trade between nations easier and less costly. The way it achieves this goal is by removing barriers such as tariffs, eliminating regulations and dism...
0
2
Organizations today confront new markets, new competition and increasing customer expectations. Thus today's organizations have to constantly re-engineer their business practices and proce...
0
0
Economy / Great Crash Of 1929
The economic depression that fell upon the United States in the 1930s had devastating effects on the country. At the depth of the depression, in 1933, one American worker in every four wa...
1-866-308-7123, 1-404-963-0617 (fax)
1-877-294-0273, 1-614-921-2450, 0871-871-8283 (Billing, US & Canada)

1785 O'Brien Road, Columbus, Ohio, 43228, U.S.A.