Employee Engagement Is Crucial for Effective Corporate Decision Making - Essay Example

? The Significance of Engaging Employees in Corporate Decision-Making Introduction Corporate decision-making is an effectiveand a systematic activity for expansion of any business organisation. The decision making process ensures that all the factors of production, in a business corporation, are put in check and balance. Examples of multi-national companies, which carryout this vital process in all their business operations, include the Lenovo Company and the Apple Company. The Lenovo and Samsung Companies have adopted this system of the decision-making process towards acquiring a perfect product for competition. Effective and efficient decision making in a company will enhance a perfect maximization of profits. A poor one, on the other hand, is not flexible to change especially technological changes, in a business corporation. The inefficiency of a poor decision-making by the managerial teams may lead to the decline of the company. This may be because of the poor relationship between the employer and the employees thus resulting into lack of responsibility towards the production of the final products. In the decision making process, the managers choose a perfect course of action from some of the few observable ones. The Lenovo and Samsung Companies have adopted this system of decision-making process towards acquiring a perfect product for competition. Employees’ Engagement in Corporate Decision-Making The Lenovo and Samsung Companies indulge in a more competitive market environment. Their decision-making processes are, therefore, very considerate especially in the managerial decision-making. This has seen these companies at the top of their game due to the well-organised decision-making process. Decision-making processes, in these companies, range from the product promotion, customer relation and to the employee-employer relationship. In addition, when it comes to the employee-employee relations, the companies have adopted a perfect system since this is the ultimate goal of any given business corporate. The brands of products produced by the Lenovo and Samsung companies are as well not affected by the market segmentations. Concept of Corporate Decision-Making A perfect corporate decision-making is a significant aspect towards achieving a healthy competitive marketing environment by a company (Salman, 2001 p201). Pricing, as an example of a decision making process, has made Lenovo as a multinational company acquire a greater status in the technological field. This company adopted one of the most appropriate pricing strategies, which has increased its customer’s loyalty that has led to increased demand of their products globally due to their affordable nature (Bevans, 2007 p142). This, in addition, has maximised the profit maximization limits of the Lenovo Company. In the technology market, Lenovo has been viewed as one of the fast moving globally operating companies (Akwetey, 2011 p123). Samsung, on the other hand, has also adopted a flexible decision-making process in its marketing strategies (Mylanas & Hodges, 2007 p154). Samsung’s products are also affordable in most marketing environment. Over the last decades, Samsung has been able to acquire a good number of customers in spite of the stiff competition in the technological marketing environment. The Effectiveness of Corporate Decision-Making Businesses that handgrip their decisions in a well-organised manner just as these two companies will always be at an upper hand towards achieving a perfect financial status. Financial superiority, as an aspect of decision-making, is one of the key goals of a corporate decision making (Ling, 2006 p121). The entrepreneurs, therefore, engage in the decision-making system by considering financial status acquaintances as the driving factors. Another key aspect of an effective decision-making process is the motivation of employees in the workplace. Motivation of workers in the organisation is also a key role of decision-making (Mauboussin, 2021 p253). Various businesses have undergone various difficulties due to a poorly adopted motivational system of their workers. An effective decision-making process as the one adopted by Lenovo and Samsung should include better pay for the workers, organising workshops for employees to learn on various ways of marketing, and benchmarking by the company itself to adopt a more flexible decision making system (Oecd, 2005 p105). Decision-making process involves vineyard communication aspect as the key factor towards its success (Kimmel & Kieso, 2011 p123). Communication and consultations should, therefore, be allowed from the managers to the employees and vice-versa. This will motivate and boost the morale in the working environment, as everyone will be working hard starting with the managers to the employees towards achieving the set objectives and goals of the company. Limitations of Corporate Decision-Making Corporate decision-making process, such as the ones adopted by the Lenovo and Samsung companies, is prone to various limitations. One of the limitations is time consumption factor (Rodgers, 2007 p102). This will require a minimum time towards any decision-making to enhance its effectiveness. A decision making process, for it to be effective, should be as fast as possible and finally implemented to enhance efficiency within the organisation (Bomann & Wiggen, 2004 p145). The mangers should, therefore, enhance that the opinions given in meetings as well as learning of the merits and demerits of employees’ takes the minimum time possible. This will enhance a fast-forward movement of the organisation towards all its operations. Another key limitation of a corporate decision-making process is the biased system of decision-making. In various decisions, the bias nature is proclaimed. This is where managers only make decisions while considering their mutual benefits (Adair, 2013 p154). This type of decision-making process is not for the well-being of the company as whole. Therefore, this will affect the production system of these business organisations. The last limitation and a key one is the external factors (Gasser, 2009 p234). These may include uncontrollable environmental factors such as the social-political and technological factors. This has been some of the limitations of decision-making with diverse effects in the Lenovo and Samsung companies (Doole & Lowe, 2005 p125). These factors tend to be of a dynamic nature hence the flexibility of the business organisation and decision-making is highly dependent on them. The managers, when it comes to dealing with these factors for the well-being of the business, will be of a more related nature to these factors especially the legal environment (Simon, 2001 p126). This ranges from the production methods to the types of products needed by law (Bak & Stair, 2011 p234). The Lenovo and Samsung companies have, therefore, found themselves in the wrong sides of the law due to adopted disposal systems of their out-dated products, which the legal framework views as pollutants. These products, on the other hand, are viewed by law as hazardous thus limiting the decisions of these companies on the appropriate disposal methods (Jagdev, 2006 p253). How Employees’ Engagement Comes into Play The employee engagement should be adopted especially when making most of the vital decisions. Managers, as individuals, while making decisions, should always consult the employees (Dubbink &Luijk, 2010 p48). This is because the manager’s decision may not be effective towards creating a healthy business environment since they are the bosses, and may tend to be unfair in their decisions towards their employees (Williams, 2000 p149). Engaging employees in critical decision-making process will ensure that everybody will be well concerned towards the organisation’s well-being. This will enhance the maximization of the profits and finances of the company for the workers will understand their core areas of specialization, which is a fundamental aspect of standardization of the products (Williams, 2000 p151). The biased decisions by the managers have been greatly undermined by the rising labour organisations (Ovelkeim & Wihlborg, 2008 p134). The employees’ engagement has, therefore, been adopted for the well-being of various organizations. This is because the employees are the individuals who face most of the workloads and have better ideas on what to improve in the organisation. How Employees’ Engagement have Improved Perceived Limitations of Corporate Decision-Making Employees’ engagement in crucial decision-making process has significantly improved the perceived limitations of the decision-making process in business organizations (Williams, 2002 p200). This is because managers have realized that corporate decisions, which are made by the board of governors and other company’s top officials, do not always create a significant change in an organization’s business activities. Additionally, the need to engage all employees towards the realization of a company’s goals and objectives has required their active participation in the daily running of that company. One of the best strategies to achieve this is by actively engaging employees in all corporate decision-making processes (Hofmann, 2007 p102). This will, in turn, ensure that they are motivated thus improving their efficiency. This will also create a favourable environment for competition and increased production. Conclusion There are various advantages of a corporate decision-making as opposed to its disadvantage. A well-organised decision-making process will provide a good customer base for the company just as the Lenovo and Samsung technology companies marketing structures. This system of decision-making will ensure the organisations final goals and objectives are acquired within the drafted period. A perfect corporate decision making system will also ensure there is responsibility in the final products. This is through ensuring there is standardization and labour specialisation towards the final products. The demerits, on the other hand, will only be experienced on a poorly-structure decision-making system. This involves the types of corporate decision-making processes that do not actively involve all employees. This may result into lack of responsibility in the final products for the managerial decisions are not considerate of their employers. Another disadvantage of this type of decision-making may include lack of customer’s loyalty in the market. This is greatly dependant on the employer’s mood in relation to the impacts of the adopted decisions in them. If the decision-making process negatively influence the employees, then the final effect will, in turn, be within the internal environment of the organization. This is because the employees will not be motivated to promote the business’ products whole-heartedly, and as a result of this, the consumers’ loyalty will be greatly affected. Bibliography AKWETEY, L. M. (2011). Business administration for students and managers. [Bloomington, Ind.], Trafford Publishing. ADAIR, J. E. (2013). Decision making and problem solving strategies. Philadelphia, PA, Kogan Page Ltd. 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