Understanding the best approaches to the decision-making process, will make me a stronger manager and a more effective leader

Understanding the best approaches to the decision-making process, will make me a stronger manager and a more effective leader.  The knowledge that I gather in this course will help me hone my research, analytics, and critical thinking skills so that I can proactively assess business problems and develop resolutions.  Implementing the decision-making techniques that I will study during this course will give me the confidence needed to overcome personal biases and emotions.  I will be better equipped to justify my reasoning while adhering to the ethical standards of my organization.  

The most successful managers are strategic thinkers that research the industry before making decisions that will impact the business (Carmichael, 2020).  Strong leaders contemplate the organization’s mission and vision statements to develop insight on the competitive advantage.  The company’s mission describes the purpose of the business, while the vision encompasses what they plan to achieve in the future (SHRM.org, 2018).  When the leader understands the business, they can create a strategy to focus the business assets on achieving or maintaining a competitive advantage.

Strategy is a detailed plan created by the company’s leaders to achieve the business objectives. The strategy plan deploys resources on a specific timeline to accomplish goals like bringing products to market, increasing profits, and improving customer service.   All employees and business partners know the strategy and work to implement the plan through specific tasks and by meeting milestones.  Leaders are responsible for the decision-making needed to ensure the strategy meets expectations and yields the desired results.

References

Carmichael, S. (2020). Three Strategies for Authentic Decision-Making Leaders.  Retrieved from https://www.forbes.com/sites/

forbescoachescouncil/2020/10/21/three-strategies-for-authentic-decision-making-leaders/?sh=6dbbfedf31fd

SHRM.org. (2018).  Mission & Vision Statements: What is the difference between mission, vision and values statements?  Retrieved from 

https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/isthereadifferencebetweenacompany%E2%80%99smission,

visionandvaluestatements.aspx

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