Managerial Decision-making Elements Process

It is of significant value to comprehend the ways managers utilize and process
information in decision making. There are positive and negative factors in
understanding decision making and compensation and the impact on the bigger picture.

It is of significant value to comprehend the ways managers utilize and process

information in decision making.   There are positive and negative factors in

understanding decision making and compensation and the impact on the bigger picture. 

 

Then one can look at the uncertainty of decision making in managerial as the manager is

faced with the choices of compensation and applications in organizational structure in

which a decision will have effect.   Therefore the uncertainty factor can be a negative.

This article also looks at compensation for managers and application in a structure which decisions impact the bigger picture.  There are goals and strategies to be analyzed as well as the short term goals of managers as well as the long term effect that come from managerial decisions.  There is negative and positive effects of decision making and how managers compensation affect the long term goals of a company.

 

 Managerial decision making and the impact on long term goals of a company are supported in this article.  Effective management looks at solutions available to them and looks at the complete picture which exceeds short term goals.  Short term goals are important but it is more important to look at the longevity of a company and it level of success which comes down to good management.  The issue has been managers that did not focus on the larger view but were more interested in producing and making decisions that produced an immediate bonus for them but maybe the decision making is not viable in achieving goals in the long run.  Therefore it makes sense to understand the motivation in decision making and tie managers’ compensation to the long term performance which will meet the needs of the company and the needs of a manager.

                                                  

0
Liked it
No Responses to “Managerial Decision-making Elements Process”
Post Comment
comments powered by Disqus