Decision Making is Critical for Managers

Managerial skills are important in an organization and in leadership, especially

managerial decision making. These help achieve the goals of the organization and
harness the potential of everyone inside the organization. One important skill is
managerial decision making. Leaders should be decision makers and they become
successful based on the decisions they make. It is therefore necessary for a leader to
know how and when to decide properly. However, not everyone has the guts to decide
for fear of failing. Some people would rather take orders from their bosses so that if
something goes wrong with the decisions they make, they cannot be blamed. Research
and analysis should be done prior to decision making. When everything is thought of
properly, the goals of the organization will not be a remote possibility. Anything is
possible with a careful and meticulous planning, willingness, communication, time
management and decision making.
Managerial Decision Making
Before a manager makes a decision, there should be a comprehensible strategy
identified containing the rules, regulations and directions. These rules will help
everyone decide on a matter quickly and rightfully. Decisions made are then reliable
and unfailing all throughout. Even the person occupying the smallest position in the
organization will comprehend the choices and judgments made by those belonging in
top management. They will be inspired to contribute to the process and development of
the group. With a given strategy, managers will no longer have any fears or qualms in
making decisions. A guide is all they need and with it, they will be confident in dealing
with issues of the company. They will no longer feel any discomfort in taking risks as
they can always say that the guide was wrong should their decision give a negative
turnout. Management courses that teach skills such as managerial decision making can
make or break an organization.

Importance of Managerial Decision Making

Managerial decision making is also critical for managers because a false move can ruin
the organization and the people in it in any time at all. It is therefore necessary for them
to not decide at a time when they cannot think straight or are emotionally stressed. As
much as possible, they should refrain from making impulsive decisions as these may be
wrong and mistakes will follow. Wrong decisions mean failure to achieve company
goals. Failure to achieve company goals means wasted resources such as money,
company bills, manpower and time. No amount of proper time management
strategies can save wasted time. Wrong decisions can be avoided if the facts are
complete, analysis has been made and more people get involved to give their opinions
on the matter.

Strategies for Managerial Decision Making

Managers should also familiarize themselves with the two decision making strategies
recognized in the field of management. These are the “Plus-Minus-Interesting” and the
cost-benefit methods. These strategies involve weighing the advantages and
disadvantages and they have measurable data in their hands before coming up with a
decision. With such guide, it will be easy for managers to make a choice. Decision
making is one of the most vital managerial skills because it involves the final execution
of a well-thought of plan. With managerial skills such as sound managerial decision
making, a manager will assist the company in achieving its goals and objectives.