Chapter 11 and 12 questions

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Chapter 11 and 12 questions

Category: Essay

Subcategory: Management

Level: College

Pages: 1

Words: 275

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Chapter 11 And 12 Questions.
Question 1# What do you see as the main difference between a successful and an unsuccessful decision? How much does luck versus skill have to do with it? How much time needs to pass to know if a decision is successful or not?
Decision making is an essential factor in any organization as it affects the employees and the organization as a whole. The main difference between unsuccessful and successful decision is that, a successful decision follows the steps which are trailed by decision makers who want quality results. These steps include; detect the issue, create a decision plan, balance the choices, create options, evaluate the options, pick the best alternative, implement the choice and finally evaluate the decision (Organizational Behaviour 8). Some people depend on luck while others rely entirely on their skills, but any successful decision depends on both skills and success. An organization does not need so much time to know whether the decision made was successful or not. For a company which sales products, they can evaluate their daily and weekly sales while comparing with the expected sales volume during that period.
Question 2# Research has shown that over half of the decisions made within organizations fail. Does this surprise you? Why or why not?
No, because many decisions are made under pressure causing the parties involved in the decision-making process to use shortcuts.
Chapter 12

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