Buy an essay on Decision making

It goes without saying that decision making is probably one of the most important part of leadership and strategic management in contemporary world. It is essential part in the problem solving as it provides certain responsibility (for people, situation etc.) and make manager (or leader) different from the other employee. And it goes without saying that the situation with Kava and natural disasters require certain strategic decisions, which will help to assist in the problem solving. Contemporary management science suggest a number of various decision making tactics and they differ a lot from those, which were popular years ago. The present day world provides individually oriented strategies, which significantly influence decision making. So called “emotional intelligence” has become very popular in the present day management and decision making also. Emotional intelligence management supposes that decision making is not based on the opinion and feelings of one particular person (leader or manager), it expects from the manager collaborative tactics that involve employee in the process of decision making (it is a well known fact that practical experience of the workers sometimes provide more good understanding of the subject than theoretical understanding of manager). It won’t be a secrete that empowerment has also become essential for contemporary management and it provided a significant impact on decision making process to, as it was spread far from the responsibility of one person.

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Empowerment supposes that decision making process is distributed widely far from one person and employees now participate in the decision making processes equally with the manager. It has a good influence on productivity of the company as it raises motivation. How it may work with Kava. It goes without saying that the earlier suggested method of cooperation with local authorities is the only one possible solution for the existing problem. That is why HR factor would be the core one in developing the complex strategy, which would involve all possible forces and individuals’ cooperation would play quite a significant role in that. As a company-initiator, our corporation got to develop strategies, which provide reliable, collaborative and even friendly relations between the members of the active group. It won’t be a secret that natural disasters are predictable, hence there nothing could be done to prevent them. That is why minimizing the losses and damage from the disaster would be the core idea. It requires collaborative performance, strategic resource distribution, corporate thing and empowerment. Collaboration between so different organization in Kava would be impossible without reliable strong partnership.
Taking the core solution req1uires the knowledge of the certain decision making techniques and due to the contemporary development of the situation the resources would play significant role in it. The resource-based view of strategy has a coherence and integrative role that places it well ahead of other mechanisms of strategic decision making. “Each organization is a collection of unique resources and capabilities that provides the basis for its strategy and the primary source of its returns. In the 21st-century hyper-competitive landscape, a firm is a collection of evolving capabilities that is managed dynamically in pursuit of above-average returns. Thus, differences in firm’s performances across time are driven primarily by their unique resources and capabilities rather than by an industry’s structural characteristics” (Markides, 1999). The resources suggested by every participant should be carefully distributed and this might help to create and equal reply to the natural disaster, prevent huge damages and assist development of the area.
In the end I would like to make a stress on the development process. Time does not stand still and new strategies are being developed recently. Yet, the ideas suggested by emotional intelligence correspond to contemporary vision on management and to the concrete problem raised in Kava. With passing years the demands to decision making has grown a lot and now emotional intelligence is considered to be an efficient idea to create collaborative tactics, which would equally represent the interested parties. Perfect illustration for emotional intelligence would be team oriented strategic planning, supposing empowerment of the participants and employees, involvement them in the decision making and promoting their personal and professional skills within the individually oriented groups, where each is responsible for corresponding sector of work. Strategic thinking is also very important for the decision making and it helps to realize one of the very important phases which happens before decision making – reasoning. The different qualities are necessary for judgment and the ideas provided by different assisting software would make a good advantage in this. It goes without saying that problem solving is not an easy task, but contemporary approaches and involvement of empowerment makes decision making and problem solving skills development available for different levels of managers and workers. And even the leader takes the final decision and checks out the whole problem solving process, the development of the decision making skills is very important for contemporary problem solving. It means that in the extraordinary situation the firm would not be left without any guidance.

 

 

 

References
Thompson J., Mrtin F. (2005) Strategic Management Awareness and Change. 5th Edition, Cengage
Becerra M.(2009). Theory of the Firm for Strategic Management. Instituto de Empresa, Madrid
Kay J. (2003) Strategy and the Delusion of Grand Designs, Financial Times. (2003). Mastering Strategy, (Indian Reprint), Pearson Education, Delhi.
Empson, L. (2000) “The Challenge of Managing Knowledge”, in: Dickson, T. (Ed.). Mastering Strategy, Financial Times/Pitman Publishing.
Markides C.C. (1999). A dynamic view of strategy. Sloan Management Review, Vol. 40 pp.55 – 63
PJH Schoemaker P. J. H., Amit R.(1994) Investment in strategic assets: Industry and firm-level perspectives. Advances in Strategic Management 10A: 3-33.
Pearce J. A. Robinson R. B. (2008). Strategic Management, Irwin Professional Publishing
Lynch R. (2000). Resource-based view: paradigm or checklist? International Journal of Manufacturing Technology and Management. Vol. 2, No. 1-7, pp 1041 – 1054
Kramer. R. (2002). Beyond Max Weber: Emotional Intelligence and Public Leadership. NISPAcee Proceedings from the NISPAcee Conference.



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