decision making

Topics: Decision making, Decision theory, Decision engineering, Risk, Cognition, Decision making software / Pages: 7 (2323 words) / Published: Oct 20th, 2014
Introduction
An appropriate decision making has played a major role in the success of any business management. The success of the business and projects is depending on the decision making of the management and leadership. Making good decisions is fundamental to obtain a good performance in organisation. There are some decision that make huge consequences that can change the role in the organisations and can changes the process of operation of the companies, the choices that the organisations daily have to take always have reactions, this is a continuous process of making reactions and consequences, which is a circle which each person is a part Without appropriate and good decision making, leader and manager has not able to achieve objectives of a project and business (Schermerhorn, 2010). Good decision making is not an easy task for a manager because many potential factors include in the decision making process such as environmental, cultural, economical and physiological factors. This paper will identify some factor, impediments, those impacts on good decision making. Moreover, this paper will explore the reasons why professionals managers still make a poor decisions.

Part A
There are several barriers that disturb manager to make a Good Decision Making. Good managers sometimes faced many barriers to take the right decision making that impact on the success of its decision (McLucas, 2003). Nowadays the globalization and the constantly changing markets have been generating a lot of competition between different industries which live or die on the choices made by their members, workers, managers and executive areas, and extend to which these members can effectively learn to define an make better choices (Wood, et al., 2010).

The main impediment and barrier related to good decision making is the Lack of Information, because in decision making is that managers take a decision on the basis of improper and lack of information that impacts on the

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