In: Accounting
Discuss the extent to which decision making is relevant in an organisation. ( 15 marks)
ANSWER THE QUESTION IN NEARLY 1000 WORDS.
Decision making within an organization can drastically change an organization. A decision can either lead the organization to success or reduce the value of a company altogether. It is always best not to make decisions. There is no denying that, because we have already weighed such options, and every decision is taken into account in the circumstances that make it as profitable as possible.
As part of management within the organization, everyone has to make decisions all at one place. Such decisions are appropriate for the benefit of the organization. Therefore, the decision taken by the organization in this regard is an advantage of the organization going forward. Organizational, professional activities or decision-making processes are complex, involving a large number of professionals from different genres. Even if a small business organization includes managers of all levels, the complex organization relies primarily on the team that is educated to make all the decisions. However, the decision-making process appears to be a process of collected information and advice. This process has the advantage over the organization, so that it can address the overall growth and potential threat consequences of the organization.
Making a decision is a matter of course thinking of a job. In business management it can be decided that most decisions made by managers can fail. Therefore, making decisions effectively, competently, is an important part of developing skills at your job. Therefore, such an experience will help us to understand how to make decisions alone, and therefore can prevent the disadvantages of making simple decisions.
In fact, sometimes in business, managers seem to be taking the initiative to plan and organize their team. Therefore, the impact and quality of such decisions will have on the manager. It is always called upon to make immediate decisions to overcome the problems in the business. Overcoming problems with decision making is assessing problems and implementing them with necessary work. Sometimes the decision-making process is very short. So in those cases, the process can be a drag on any given day.
The decision-making process seems to be starting from the time the manager recognizes the difficulty in the organization. If the problem is presented incorrectly, every step of the decision-making process will be on the wrong path. Therefore, it is important for the manager to identify the real problem in the situation in front, so that the right decision does not go wrong.