Decision Making Skills and Styles, business and finance homework help

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Business Finance

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Theme #1: Decision Making Skills and Styles

There are many levels of decision making and the level of decision making determines the approach and implementation of the decision making process. This week will discuss some of the considerations that focus on the individual decision maker in a business setting. The first them for this week focuses on how decision making style affects the decision making process.

Read:


The importance of having a decision making style

Take the following quiz and determine what your decision making style is and describe it to the class. Then using the reading from this week comment on ways that you might improve and perhaps even change your decision making style to create one which would improve your performance as both a leader and a manager. Make sure to describe the difference between the two styles of a leader and manager when discussing the changes as well as how the job might affect your style. Finally comment on whether your style should be changed depending upon the job or task that requires the decision or if you can suggest that it remain constant instead.

Finding your decision making style quiz:

Discover Your Decision Making Style

Theme Two: Considerations for the Leader and Manager in Decision Making

Read:

To make good decisions these days, leaders and managers must collect extensive and disparate information, balance potentially conflicting needs and goals, gather a team with diverse expertise, and then make decisions in an ever-changing landscape with an unpredictable future.”

Dr. Jim Taylor.

Using the readings for this week, explain the quote and what it means for today’s leaders and managers.

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Explanation & Answer

Attached.

Running Head: DECISION MAKING

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Decision Making
Name
Course
Tutor
Date

DECISION MAKING

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Theme one: decision-making skills and styles.
As the organization leader am always stuck with making decisions that determine the
business performance. From the assessment, I discovered that am a spontaneous and internal
decision maker. As a spontaneous decision maker, I typically make my decisions based on what I
feel is right. My decisions are always made quickly because am always eager to have a solution
to a problem. Additionally, am always keen to see the new potential possibilities that may
influence the performance of the organization at the same time change the business objectives
with a lot of ease. However, the spontaneous decision-making styles have various limitations
including the rare establishment of specific plans, easily get bored and will take any risk. As an
internal decision maker, I usually do not need the input from others in making decisions. This is
because I frequently analyze problems silently and privately. The internal decision-making style
usually allows me to have more time in organizing my thoughts. Evidently, I do think before I
talk while making decisions.
There are various ways I can prove and perhaps even change my decision-making style to
develop one which could improve my leadership and performance. Specifically, I make decisions
based on my values. Before making decisions, I will have to draw up a vision of my life and
work that represent my strongest values. I will think about what is important to me, what I love
most and what I value. Ass a spontaneous decision maker, I should shift from easily getting
bored while faced with challenges in decision making to being a leader who is ready to take any
challenges. I will need to shelf my ego and emotions and make deci...


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