Nobody downloaded yet

Impact of decision-making in organizational performance - Article Example

Comments (1) Cite this document
Summary
This essay explores the importance for any organization to develop its own decision making process, with clearly defined leaders who take responsibility for this key function. Without good leadership, businesses become chaotic, and much time is wasted pursuing conflicting agendas. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Impact of decision-making in organizational performance
Read TextPreview

Extract of sample "Impact of decision-making in organizational performance"

Download file to see previous pages From the research it can be comprehended that organizations in the modern world are complex, and many theories have been developed to explain what makes them work, and how to make them work even more effectively. A key element of organizational performance is the way that leaders make decisions, and then persuade all members of the organization to carry out these decisions in the way that is intended. The personal qualities, skills and style of a leader are all factors which can affect the way that an organization behaves. Leaders have an important role to play in any organization and they can influence the organizational performance because everyone in the organization is expected to follow the leader. Leaders should make sure that the subordinates do not only follow them but take inspiration from them. In this way there are high possibilities that employees of the organization will give maximum output and overall performance of the organization will be enhanced. Owing to the perceived importance of the impact of leadership on performance of the organization, several research studies have been conducted in order to analyze what kinds of leadership exist, and whether there is a relationship between leadership and the organizational performance. This paper presents a critique of several recent articles on the relationship between leadership and organizational performance. ...
arajan, Sonnenfeld and Srinivasan, 2006) analyzes organizational performance and identifies its relationship with the charismatic style of leaders, as well as environmental uncertainty. In addition to this, the research also identifies the perceptions of top team management about the charisma of a CEO. The authors emphasize the fact that leadership style and its impact on organizational performance has been one of the most important topics of today’s world as leaders have a key role to play in motivating everyone in the organization and ensuring that the organization performs at its optimum level. In this research article, information has been collected using both primary and secondary research methods in order to perform the analysis. In the primary research part of the article, questionnaires were filled by people in the top management as well as CEOs of different organizations to analyze the relationship between the variables discussed above. Because the article had a large sample size, 770 questionnaires were filled and returned and this means that the results shown by this research are likely to have high validity. There was a sample size of 128 CEOs from different companies and this breadth in the location of the participants is a strength of the study. Another major strength of this article is that the study analyzed organizational performance using different criteria like the return on assets, return on equity, sales growth, return on sales and stock return. These measures provide good empirical evidence on which to judge organizational performance whereas other studies previously conducted have not considered these criteria of measuring organizational performance. One of the major weaknesses of this research study is that it included only firms operating in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Impact of decision-making in organizational performance Article”, n.d.)
Retrieved de https://studentshare.org/business/1394829-impact-of-decision-making-in-organizational-performance
(Impact of Decision-Making in Organizational Performance Article)
https://studentshare.org/business/1394829-impact-of-decision-making-in-organizational-performance.
“Impact of Decision-Making in Organizational Performance Article”, n.d. https://studentshare.org/business/1394829-impact-of-decision-making-in-organizational-performance.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ni
nina86 added comment 7 months ago
Student rated this paper as
I never thought 2500 words essay could be written in such a free manner. I loved the content of this essay. Will definitely use it for my own work!

CHECK THESE SAMPLES OF Impact of decision-making in organizational performance

Sunk Costs and Organizational Decision Making

...?Managerial Decision Making and Sunk Cost Managerial Decision Making and Sunk Cost College “Sunk cost” is a term borrowed from accounting and economics, referring to those costs that have been incurred and are therefore no longer relevant to future decision-making Thus, this research essay will animalize to what extent do sunk costs affect the decision of firms in different industries to diversify into new businesses? 1) Introduction Sunk Costs refers to a cost that has been incurred in the past which cannot be amended by present decisions, and hence it cannot be refunded or recovered. For instance, if a company buys a government license for $ 100,000 for supply of lamp poles before it can manufacture such lamp poles and later... the...
7 Pages(1750 words)Research Paper

Analysis and Critique of Literature Review

...? Analysis and Critique of Literature Review Analysis and Critique of Literature Review Research Problem The following analysis and critique is regarding the impact of decision making in organizational performance. The article that is being analyzed is titled ‘Strategic Decision Making’ and it is by the author Charles R. Schwenk. The research problem that is under consideration is the evaluation of the factors that affect the strategic decision making in the organizations. The effectiveness of the process of decision making is highly important for the...
3 Pages(750 words)Article

Conflict, Decision Making, and Organizational Design

...challenging hurdles. If organizations will sit on their laurels, they end up to be mediocre and will soon fall out of the race to excellence. 4. Discuss the environmental and strategic factors that affect the organizational design of the company you researched. Humana Healthcare is a health insurance provider that offers a wide range of products and services to its growing consumers. The company strives to make business decisions that reflect its commitment to the improvement of health and well-being of its stakeholders, the community and the environment. There are factors behind the success of this organization. One is its humane and just treatment of its workforce. Diversity is...
5 Pages(1250 words)Assignment

Conflict, Decision Making, and Organizational Design

...? Conflict, Decision Making, and Organizational Design Introduction In modern day organizations, professionals recruited have vast knowledge, talent,and experience to handle crucial situations. However, employees working under supervisors at times tend to develop disagreements with their superiors, as a result of which misunderstandings may develop. Thus, a disagreement or misunderstanding that arises in between two people and poses a threat to their requirements, concerns, or interests, is known as a conflict. According to Bruce (2003), proper management of these differences and disagreements can result in effective and creative solutions through interactions. However, due to certain...
7 Pages(1750 words)Research Paper

Topic Clinical Reflection on competency

5 Pages(1250 words)Essay

Patients Impact on Decision Making

...April 2006 Patient’s Impact on Decision Making I. Doctor Patient Relationship A positive physician-patient relationship is critical in the early recovery or even early detection of the disease. In the case of the Midwesterner man in his middle 50s, the patient felt more relaxed when his doctor immediately informed him about the full dimensions of his heart pain, and most particularly how it could be alleviated. Furthermore, it also helped the patient become fully aware of what steps he had to undergo through, the odds he should expect, and the technical procedures and methodologies prior to his surgery. By knowing and being able to explain, in layman’s terms, what a bypass surgery is,...
3 Pages(750 words)Essay

Groups for organizational decision making

...Groups for organizational decision making April 11, Introduction Group decision making entails the contribution of each group member to the decision making process. As expected, different group members may contribute diverse choices. The diverse choices may conflict with the other alternative choices. Group decision making ends with the implementation of one or more alternative courses of actions. The diversity of the group members’ contributions influences the group’s decision making activities (Cuthbertson 65). Common Decision...
5 Pages(1250 words)Essay

Performance, Planning and Decision-Making

...Performance, Planning and Decision-Making Contents Introduction 3 Discussion 4 Arguments in support of the ment 4 Arguments against the ment 9 Conclusion 13 Introduction In the modern world of cutthroat competition managing organizational culture is very important for any organization. Proper planning, managing and decision making is very important for maintaining organizational culture. Organization culture acts as an adhesive which stick together the whole organization. It is an intangible system which is shared by each and every member of any organization. In the other way we can say that it a philosophy that guides the whole organization. Every organization is having certain cultures. Dominant cultures are core values... and services....
15 Pages(3750 words)Essay

Performance, Planning and Decision-Making

...Performance, Planning and Decision-Making Contents Executive Summary 3 Theoretical Background 5 Arguments For 10 Arguments Against 12 Analysis 14 Conclusion 15 Reference List 17 Executive Summary In the current era, the state of commercial affairs has become highly complicated in nature. The profit making business firms actively seek for productive ways by which they can easily increase their competency and expertise in the market. This essay tries to throw light on a critical evaluation statement. Leadership or entrepreneurship is the most important aspect of a concern. This essay tries to critically understand the rationality of selecting an appropriate leadership style...
16 Pages(4000 words)Essay

Interesting Topic on Decision making

...of the whole organization is normally coordinated and made by the top leadership of the organization. Organizations that make weak or poor decisions show the kind of bad leadership they have. This always reflect negatively on the organization. On the other hand, organizations that make strong or good decisions normally show the competency of their leadership and that impacts positively on the organizational performance. Decision making can follow the bottom-up system. This way, the decision is made by the line management and it is applied to the top management of an...
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Article on topic Impact of decision-making in organizational performance for FREE!

Contact Us