Question

Q41

Write an essay of 1000+ words on the topic ‘Effective decision-making is vital for personal and organizational well-being’. [8 Marks]

PLEASE DO NOT WRITE THE ANSWER - USE WORD FORMAT. NO PLAGIARISM PLEASE.

Answer 1

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Different employers look for different things, of course, but decision-making skills are sought by most companies for many different positions. In general, applicants who can demonstrate an ability to identify all the options and compare them in terms of both costs and effectiveness have an advantage over those who can’t.

Why Employers Value Decision Making

Organizational culture and leadership style together determine the process of decision making in any company. Some may use a consensus-based approach, while others depend on a manager or management group to make all major decisions for the company.

Many organizations use a mixture of centralized and consensus-based styles. How an individual employee participates in the decision-making process depends on his or her position within the overall structure of the company.

As you prepare to apply for a given position, it is important to read the job description carefully and to thoroughly research the company so you can understand which decision-making skills your prospective employer is seeking—then you can emphasize these skills in your resume, cover letter, and interview.

The Decision-Making Process

A good way to make the most informed decision is to follow a process that assures you are taking into account all relevant information and considering each of the most probable outcomes. A step-by-step checklist like this is valuable for that purpose.

1. Define the problem, challenge, or opportunity.
2. Generate an array of possible solutions or responses.
3. Evaluate the costs and benefits, or pros and cons, associated with each option.
4. Select a solution or response.
5. Implement the option chosen.
6. Assess the impact of the decision and modify the course of action as needed.

Some other factors which we need to know are

• Identifying a faulty machine as the source of disruptions in the production process.
• Facilitating a brainstorming session to generate possible names for a new product.