Management Theory and Practice

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Management Theory and Practice
Part 1
Decision making and management
The vast of management literature has illustrated decision making as the primary rational technical process. This view is limited and fails to encompass the broader perspective of the decision making process which is an important area to understand especially in management and organizations. There are some underlying factors that ensure the effectiveness of the decision making process which include the ability of an individual to focus on what is important in a given situation through a logical and consistent approach. This allows the integration of objective and subjective thoughts as well as blending of both analytical and intuitive thinking. Another factor involves the gathering and analysis of all available information in resolving a particular problem in order to make an informed opinion. The approach is also straightforward, reliable, resilient, and easy to use. Additionally, the scope of the decision making process is elaborate and entails management control, strategic planning, and operational control in an organization through strategic decisions are established (Nutt & Wilson, 2011). Strategic decisions impact on an organizations objective, goals and policies because it involves critical decisions that influence the relationship between an organization and its surrounding or even its employees. Decision should therefore be clearly stated with alternatives and an appropriate decision making criteria established through an intelligent design, choices and implementations to ensure effectiveness in a given organization.
Managers, leaders and individuals encounter issues that demand solution and therefore they have to make efficient and effective decisions overcome them. Some situations may be complex and perplexing especially during critical moments but bold decisions have to be made if leaders, managers, and even individuals have to succeed on a given situation. However, the approaches individuals use to arrive at some decisions determine the outcomes of a given situation. Most decisions involve the recognition of a particular need, the decision or will to change and the conscious commitment to implement the decision to change. In a highly dynamic world particularly the business world, managers have to make decisions to build successful organizations that remain sustainable in the face of uncertainty and competition. Decision making in its wider perspective therefore integrates many elements and perspectives that enhance making of routine or none routine decisions and objective or bounded rationality decisions during times of risk, uncertainty as well as certainty.
Globalization for instance is a force that has permeated all nations globally and Asia is not an exceptional and decision making has been a critical factor towards improved management in key organizations (Adlrich, 2011). Globalizations has greatly changed the way organizations function and make critical decisions as well as the management practices in an attempt to meet and apply global standards that increase efficiency and effectiveness. The extent to which globalization impacts on a country is influenced by factors such as culture, rel...