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Dilemmas of managerial decision making

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The managerial system is an essential aspect in any company or organization. The decision making system enables the executive members of a given institution to make informed and professional’s judgment (O’Fallon et al, 2005). The aspect of effective, fair and reasonable managerial judgment positively impacts the company’s or institution progress. Managers are on that note expected to be professional when making certain decision of their companies. However, the managers can also face some dilemmas in the decisions they make (Ferrell et al, 2012). These dilemmas may include

Every manager looks for qualified and experienced personnel to hire for a certain post. They assume that the individual will positively impact the company due to his previous experience. This can however, be an immense disappointment since not all people who have work experience are outstanding performers. The manager can instead concentrate on nurturing his indigenous employees in preparedness for higher posts (Black, 2011).

Secondly, most managers believe that graduates from internationally recognized universities are effective and efficient. Graduates from institutions like Harvard and oxford are mostly given a first priority. Managers should understand that learning from a famous university does not guarantee the individual’s performance and quality (Ferrell et al, 2012). The managers should consider the potential and capability of an individual.

Thirdly, Professional and effective decision making is another crucial aspect in any executive body. The decisions made by the manager should favor all employees and take all their factors in to consideration (Black, 2011). The manager should therefore, consult others departmental officials to ensure that the decision made will be fair to all employees. Fourthly, the manager should be an admirable example to all other officials and employees by adhering to the policies and regulations of the company. Each company has its own rules and regulations that apply to all members including the manager (Ferrell, et al, 2012). Majority of managers consider themselves to be above the rules thus leading to lack of motivation to other employees.

Another issue that faces most managers is lack of acceptability. Every individual is unique, and managers should also try to understand all their employees. Some individuals may have various diseases or disabilities which require regular treatment. The manager should be flexible enough to allow the individual the time to attend to all this. Another issue is on talent development (O’Fallon et al, 2005). Managers rarely motivate their employees to use their given talents for the advancement of the company. The academic level of the employee is the paramount concern of many managers. Managers should invest in the different abilities and talents of employees to make new and creative achievement (Ferrell et al, 2012).

Managers mostly prefer individuals who are skilled in different areas. This is a brilliant idea as it reduces on the company’s spending. On the contrary, this decision can also be fatal to an organization (O’Fallon et al, 2005). An individual can have skills in three or more areas but can be deficient in all the skills. So it is very essentials for managers to ensure that the employee is efficient in all the skills that he claims to have.

Managers also have a dilemma when weighing the financial and developmental options. A manager should not be too quick to make a move before weighing on other options (Ferrell et al, 2012). Before settling for one particular option, the manager should weigh all other options. Finally, the issue of implementation of proposals and agenda is also essential. Most managers are choosy and may implement proposals which only favor their personal interest. This is not advisable as it can lead to the collapse of a company (Black, 2011).

References

O’Fallon, M. J., & Butterfield, K. D. (2005). A review of the empirical ethical decision-making literature: 1996–2003. Journal of Business Ethics, 59(4), 375-413.

Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2012). Business Ethics: Ethical Decision Making & Cases. South-Western Pub.

Black, K. (2011). Business statistics: for contemporary decision making. John Wiley & Sons.