It is well-known that the success of business in many respects is defined by effective management of the company. Therefore it is very important to know features of process of making management decisions to have an opportunity quickly to make a right choice in any situation.
Essence of process of making management decisions
Any company, beginning business activity, needs high-quality management, that is the management which will make process of making management decisions fast and effective. So, the competent manager has to be able to react to change of a political or economic situation, appearance of the new competitor or new scientific and technical developments as soon as possible. Therefore all participants of process of making management decisions have to not only have the corresponding profile education, but also differ in flexibility of mind and creative thinking. Constant improvement of process of making management decisions includes daily developing the skills of employees. Anyway, the essence of process of making management decisions comes down to ability very quickly to analyze any situation concerning activity of firm and in time to make the most correct decision.
Main stages of process of making management decisions
Carry the following to the most significant stages of process of adoption of the management decision:
- Accurate formulation of the available problem. It is one of the most important stages of process of making management decisions as successful permission of the arisen situation in many respects depends on exact statement of the purpose for which achievement it is necessary to seek;
- Comprehensive analysis and collection of information. In this case process of adoption of the management decision includes study micro and macrofactors of the economic environment which can affect successful solution of the problem (solvency of the population, tastes of target audience, state of the economy in the country, etc.);
- The various modeling of process of making management decisions allowing to pick up several options of achievement of the required purpose. In this case features of process of adoption of the management decision are search of non-standard alternative ways of a way out and assessment of effectiveness and consequences of application of each of them. In this case practically all employees can participate in the organization of process of adoption of the management decision. At the same time it is possible to use methods of "brainstorming", the card of opinions, cause and effect charts, promotions of offers, the group analysis of a situation, etc. Schematically it can be represented so:
- Stage of the choice and formulation of an optimal solution of the created problem. It is one of the most important components of process of making management decisions which demands wide experience from the head. When choosing a suitable way of permission of the created situation he can rely on the intuition or make an experiment which in practice will show what will lead any given way to.
- Application of the chosen way of a solution in practice. It is one of the most difficult stages of process of making management decisions at which it is necessary to concretize an objective for its performers.
Implementation of process of making management decisions in practice
Effectively to solve problems of any complexity, constant improvement of process of making management decisions and its practical application is necessary. For this purpose it is necessary that:
- the formulation of a problem and the final choice of the decision were carried out only by the top management having full information on it;
- at decision-making it is necessary to consider opportunities and the interests of those employees which will directly realize it;
- standard process of making management decisions demands high professionalism and rigid discipline from all employees of the company.
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