Decision Making

Topics: Risk, Decision making, Decision theory Pages: 5 (965 words) Published: May 10, 2014


The Decision Making Process Of Leaders
Tony D. Bridgewater
Webster Universitry

The Decision Making Process Of Leaders

Introduction
We human being daily make the decision and when it comes to business organization, the process of decision making become more complicated , and it involves the stakes of different groups. Therefore, the decision making process needs to be free from errors. The basic structure of decision making involves the identification of purpose and then to gather information. The next step is to set judging principles for alternatives. When is proceeded by the process of brainstorming and analyzing the different choices. The last step in the process of decision making is to select the right choice and implement the selected one. This is the normal and ideal criteria for decision making in business organization, but leaders seek further insight for the process of decision making.

Discussion
At Harvard University, the advanced leadership initiative (ALI) is dedicated to deploying and educating leadership force among the individuals so that they can face the challenges of national and global issues. Leaders have potential personal characteristics and qualities that can change the outcome of a selective decision making. The decision taken by leaders can positively change the overall decision making style of organization. Among many other personal qualities of leaders, the important ones are risk tolerance, accountability and value orientation. It is common practice of successful leaders to accept the responsibility of outcome which is resulted from the decision taking by them. Leaders are bold, and they take the decisions which normally other fear to take. This does not mean that leaders take irrational decision full of risk. They take calculated risks. Successful leaders have the tendency to adapt their values according to the decision, which positively affect the organization. The uncertainty and unpredictability of the surroundings make leaders fearless and they take a decision in such environment which poses some potential risks and threats (Snowden et al., 2007). One of the main characteristic of the decision making is to take the responsibility of the consequences which results from the decision making process. If one put hundred person efforts in choosing the right decision, then even such thing cannot assure the hundred percent success of the decision. Decisions are taken for the future, and no one can predict future accurately. This is the main reason that most of the people avoid taking a decision which has some embedded uncertainty. In fact, they try to avoid the accountability process in the situation when decision taken failed to produce desired results. Here, the difference of the process of decision making of the common man and leader becomes more accentuated. An effective leader put aside all the doubts and negative thinking and take decision fearlessly with a strong sense of conviction about the success of decision. To better understand the process of decision making as a leader, it is pertinent to analyze the difference between the common people and the leaders. It is seen that the decision which poses risk, common man avoid such confrontation and risk, which may procrastinate the process of decision making. It is one extreme side of the process of decision making. The other extreme of the decision making is characterized with challenges where no attention is paid to the potential risks and the decision taken in this situation would be haste and full of uncalculated risk. Effective leaders remain in the middle of the both extremes. In the middle of these leaders take risks and give an appropriate time in deciding the outcome of the decision. The leadership style of decision making involves the maximum participation of all the relevant groups. Effective leadership style demands the every possible piece of information from all the corners, whether...

References: Doh, J. P. (2003). Can leadership be taught? Perspectives from management educators. Academy of Management Learning & Education, 2(1), 54-67. Retrieved from http://amle.aom.org/content/2/1/54.short
Patricia D. Schwarber, (2005) "Leaders and the decision-making process", Management Decision, Vol. 43 Iss: 7/8, pp.1086 – 1092 retrieved from http://www.emeraldinsight.com.ezproxy.apollolibrary.com/journals.htm?issn=0025-1747&volume=43&issue=7/8&articleid=1514870&show=html
Snowden, D. J., & Boone, M. E. (2007). A leader 's framework for decision making. harvard business review, 85(11), 68. Retrieved from http://aacu-secure.nisgroup.com/meetings/ild/documents/Symonette.MakeAssessmentWork.ALeadersFramework.pdf
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Decision Making Case Study Essay
  • Thinking and Decision Making Essay
  • Changes in Decision Making Essay
  • Essay on Creativity and Decision Making
  • decision Essay
  • Critically evaluate to what extent the ‘somatic marker hypothesis’ explains how decisions are made in the face of an uncertain outcome...
  • MKAT102 Principles of Management prelim Essay
  • The Roles of Perception in the Decision-Making Process Essay

Become a StudyMode Member

Sign Up - It's Free