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An Individual Vs. Team-Case - Essay Example

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An Individual vs. Team-Case Name Institution Table of Contents Abstract……………………………………………………………………………………………3 Decision Making literature Review……………………………………………………………….4 Strategies employed in Organization under Dire Consequences………………………………….5 Management Styles………………………………………………………………………………
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An Individual Vs. Team-Case
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Download file to see previous pages This is because it is they who analyze the market niche of a particular product and come up with the recommendations on the course of action to be taken. For instance, it is the financial analyst who studies the market situation of company’s products, establishes the competitors and strategies they adopt and recommend what the company needs to do in order to remain competitive. This position is also well paying in terms of remuneration individuals of this cadre gets. However, it is said that change is like rest and every employee would not want to stay at one role every time and again. In this case, they always tend to crave for a more demanding role as a way of growing in their career. This tends to prompt them to seek for promotion as a motivating factor. This is what may prompt a financial analyst to seek for promotion to the level of an operation manager of a company that has a more challenging role a part from the fact that it is also well paying. ...
This is the case regarding the situation before us. Decision Making Successful organizations highly depend on competitive products and services to succeed in the marketplace. Wang (2011) notes that, internally, quality management decision making is vital to establish and sustain this success. Managers face a number of challenges on a daily basis, and their ability to make decisions determines how successful and their individual careers can be in the long run. Quality decision making is, therefore, a competence that every manager who is responsible must acquire and a discipline that should be practiced. All responsible managers and leaders should always be willing and able to share how they make decisions (Wang, 2011). However, the team leader is he decision maker and has to bear the final responsibility for any decision made. Nevertheless, he or she is at liberty to choose who to invite in the final decision-making process and how to guide the process in order to maximize the quality and executability regarding the final decision made. It is, however, worth noting that managerial decision making is part of a continuous journey and not a one-time event. The three critical steps that make up this journey are: observe, think and experiment. Moreover, the overall outcome of managerial decisions can be optimized through continuous improvement. It is a matter of fact that taking up a new role is something challenging – one that requires good leadership qualities and styles. This is particularly challenging in a situation where the company is operating during a “shut down.” Therefore, to bring a turnaround on the company, proper strategies need to be employed, coupled with proper decision-makings to accomplish goals. In this regard, I ...Download file to see next pagesRead More
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