How to Make a Management Decision Essay

There would be no room for actual opinion in the model, and it would come down to which option was calculated to provide the highest return. That can actually be difficult to determine mathematically, because there are so many different factors that must be taken into account and that are sometimes not addressed properly. While it is very important to make sure that each valid factor is accounted for, some will hold more weight than others. Assigning a weight to each one is done arbitrarily, so the weights are not necessarily even, realistic, or accurate based on what the person is trying to decide.

Models are important to help managers make decisions, but good managers should know that there is much more to the job than plugging in numbers or factors to get a particular outcome. The manager who is really focused on taking good care of the company and the employees will be one who uses his or her head and heart in making decisions that will lead the company to further growth and development, and that will allow the employees of the company to continue to advance their own careers.Managers who are transformational leaders will work with their employees to discover problems, come up with alternatives, and decide which course of action would be the best for everyone. That is something that can be based upon nearly any model, but that cannot be completely contained within that model. More exploration and experience is required, but the rational decision making model can be an excellent way to come up with a framework that will be used to find the right direction for the company. The Bazerman & Moore model could also be used, but would be more restrictive.

References

Bazerman, M.H. & Moore, D.A. (2008). Judgment in managerial decision making. NY: Wiley.

Robbins, S.P. & Judge, T.A. (2007). Organizational behavior (12th ed.). Upper Saddle River, NJ: Pearson….....