Life decisions synonym11/27/2023 Does this decision break any organizational rules?.Will I feel better or worse about myself after I make this decision?.Here are some basic questions you can ask yourself to assess the ethics of a decision (Blanchard & Peale, 1988). Each of these people made a decision, and each person, as well as others, is now living with the consequences of his or her decisions.īecause many decisions involve an ethical component, one of the most important considerations in management is whether the decisions you are making as an employee or manager are ethical. Similarly, the decisions made by firms to trade in mortgage-backed securities is having negative consequences for the entire U.S. But Sherron Watkins, a former Enron employee and now-famous whistleblower, uncovered the accounting problems and tried to enact change. For example, the decisions made by executives and consulting firms for Enron ultimately resulted in a $60 billion loss for investors, thousands of employees without jobs, and the loss of all employee retirement funds. These decisions may affect the lives of others and change the course of an organization. Individuals throughout organizations use the information they gather to make a wide range of decisions. This chapter will help you understand how to make decisions alone or in a group while avoiding common decision-making traps. Therefore, increasing effectiveness in decision making is an important part of maximizing your effectiveness at work. While it can be argued that management is decision making, half of the decisions made by managers within organizations fail (Ireland & Miller, 2004 Nutt, 2002 Nutt, 1999). Decision making refers to making choices among alternative courses of action-which may also include inaction.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |