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Decision Making Assignment - Essay Example Value refers to what one visualizes significance in life that is, what is right or valuable in life. Values provides priorities setting base for deciding worthwhile actions and goals and less important ones and thus gives meaning to the lifeâ€™s of people. By knowing the values of a family for example, the members of the family can decide on the goals, make the required and critical decisions and subsequently take the needed action which can meet the predetermined goals. Some differences and individual conflicts have to be resolved by establishing the best way while forming a basis for the family values using the individual values. A decision maker must be acquitted on the environment on which the decisions are being made. The environment comprises of opportunities, limitations and change possibility. Where there is presence of only one course of alternative, there can be no decision to be made. One possible alternative can not constitute a decision making process. In existence of limited choice, where one has a choice of selecting to undertake an action or to decline taking action, there is involvement of decision making in such a situation. Primarily, the decisions can concern personal or individuals while others can involve the community wholly or the society at large. The other decisions may engage group members. A group of members carry easily, acceptable decisions more efficiently if involved in the process of decision making. If there is suggestion of more available alternatives and options that are not productive as identified earlier, group decisions are always better. Decisions may be reached through dominance that is, submission where the situation is dominated by one person and others consent with the decision as it is made. This is however, given the name to as win-lose situation. A win-win situation can also be adopted through what is called conversions. Additional points of facts are brainstormed, presented, and the person persuades the others members of the group. Through integration, decisions can be reached through synthesis of the developed ideas which can be agreed upon and supported by everyone. They are many types of decisions which can be differentiated by their content. These types includes social and in other terms human decisions which involves goal setting and the various priorities that determine and influence the individuals general roles and the relationships of the group individuals. Decisions involving allocation of resources and distribution of these available resources among the various set goals are economic and in other term can be called allocation decisions. Another type of a decision is technical decisions which describes what, how, who, when, and why to accomplish a specific task and also regarding the efficient allocation of resources to attain a single goal. The other type of a decision relates to social economic and technical matters. They can be called coordination and interaction decisions because they deal with family communications and also the larger community and the kind of the needed information, while making other decisions, and way of motivating people to carry out their roles. Decisions are not dependent and also interrelated among each other. This makes the decision making process to be termed as dynamic. Decisions are often affected by and affects other decisions at appoint in time. There are models used
Summery - Essay Example This impetus was followed by a series of strategies with aggravated the situation of Timex, to wit: diversification into electronics manufacturing, subcontracting, employment of Peter Hall as the manager, cost reduction through lay-offs and wage reductions. The ultimate result was the closure of the Dundee plant in August of 1993 after an industrial dispute that lasted eight months. In analyzing the case of Timex, the authors averred that the â€œfailure to take into account the wider context that relates the present to the past and to situate the conflict in the emergent and interrelated nature of business decisions and human resources policiesâ€ The relevant lessons that Martin & Dowling emphasized in this article are as follows: International firms should adapt and adjust to the culture and organizational competencies of the host country. There is a need to evaluate the qualifications of managers who will lead and operate international firms. As required, training and development programs should be undertaken for managers (as well as the rest of the personnel) to be assigned in international organizations. Multinational corporations should have broader efforts to internationalize their organizations in terms of encompassing cultural diversity, environmental scanning, and open mindedness in accepting lessons from each
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