Making Decisions in Business Situations - Essay Example

Making Decisions in Business Situations Ethically speaking, it is duty bound for any business that exists to satisfy a through its products and/or services to be responsive towards their needs and defer the financial sides concerned with the company. It is important though not to ignore the monetary aspect but to remain in the business in the first place for the ones the business is being done, it is essential to situate the resources onto them and then move on forward expanding the market share and the like. Decision making in science and indeed any other field of study is a difficult thing and for this, one needs to understand what are the basic ways in which a decision can be arrived at, without wasting much time and using the best tools and techniques in order to achieve the same. These decisions are very crucial to the outcome of a project but certain things should be kept in mind that information is the single most significant thing in this whole process. Decision-making is indeed a very complex and well-developed area, one that has to be looked at by the researchers and lecturers with particular care. People think in different ways. They can either be positive about something or be very pessimistic about an approach. Nevertheless, the positive approach is the one, which is more rational, and understandable, as the negative might lead to something that may not ever happen in the future, yet become a relic. This is without doubt the reason that positive approaches are more or less quite successful. At times, the positive thinking on one’s part can lead to a problem from an emotional, insightful, creative or negative viewpoint. The reason for the same is that one might minimize the resistance to plans or misfire in making creative jumps every now and then. The need nonetheless, is to make contingency plans, the plans, which can come out of no where, when the need arises. This is in essence, the substitute plan for the first one. Perception is something that relates a feeling or two with a task, a process or a person for that matter. Perception is intrinsic to a person and can or cannot be changed. However it takes a certain period of time to make a move in the mind of this person to change or amend his perception in one way or the other. Perception is also created when there is a positive or negative influence of a decision, product or service that we are talking about here. Perception cannot just remain for a long period of time but the same changes due to differing environments, conditions and atmosphere and so on and so forth. Perceptions have a long lasting impression on the minds of the people and this is a fact that will remain for as long as there is humanity and its eventual basis. A person’s perception of a certain individual within the realms of an organization means that this person starts to take the other employee in a light which might be or might not be attached with the personality of that individual. This could happen due to different reasons which are more based on the work regimes and environments. Business decision making aspects and the lack of attaining rewards or positive sayings in the work place due to this individual is another reason why the perception has been created for him. Perception lingers on for a certain period of time and then it usually fades away but in certain conditions it stays for as long as it could. Perception ‘shortcuts’ ensure that there is little information regarding the person whom we are discussing here, based out of mere perception and no inside information as such. There could be so much more behind these shortcuts that one does not even delve into. The reasons are manifolds and could be explored endlessly. Then again it also means that perception becomes the cornerstone for a number of different activities, tasks and processes which are eventually carried out within the work regimes and environments. Perception shortcuts also guarantee that this person understands the other individual and his decision making skills within the lengths and breadths of an organization and there is little room to explore and find out more. The positive effects are such that if the shortcuts are based on the positive aspects of this person, then there is no negativity attached with the whole discussion, however if there are negative connotations present within the said person’s image or personality, then one gets to see all kinds of impediments in the working line of action and this could prove to be a negative aspect nonetheless, all said and done. There is a need to weigh the positives as well as the negatives and then only move ahead with the relevant discussion at hand. However, by all counts, the positive shortcuts in terms of perception and its related attributes is much more beneficial than the negative aspects. There is little room for doubt here as far as this philosophy is concerned. It is true that in the real world, decisions are usually made on gut reactions and the way in which past interactions have been made. Positive or negative word of mouth related with a person or for that matter an event forms the cornerstone for a decision that is made in the related context of things. There is this past attachment of a person which lingers on with the passage of time and the perception which has been built is hard to change, no matter what the resources are there for his disposal. Once perception is created, it is difficult to get over the same. However, having said that we find that the negative perception is one which takes a long time to change as compared to the positive one which is removed instantly and this can form up as a huge setback for a person who has more negative attachments in terms of personality, brought forward by perception than the positive ones. An organization which can learn can understand what are its responsibilities with regards to the society, the environment, its stakeholders and customers, its functions and different processes which have to be looked down up at with a legal and ethical perspective. This means that the organization emancipates its working methodologies in line with its already set values and moral principles. Moreover, it knows what are its obligations and compulsions towards all the above-mentioned. The organization is always willing and eager to learn from its mistakes, ready to bring in newer and fresh processes within its folds and always encouraging its stakeholders and employees to invest more money and time, respectively. Managing an organization is also an important function which comes under the learning principles. It has case studies and best case scenarios to look up to whenever there is a problem or trouble at hand and it knows who the right person is to contact whenever there is some discrepancy within the system. Add to that the organization tries to keep its contacts, no matter in which capacity they are, at a maximal point and always keeps on increasing so as to become a socially active player within the relevant industry. This knowledge base has the role of continuously improving the systems and working methodologies. It also has the best available middle management employees who know the technical basis of running the organization and whose potential can largely benefit the sound workings of the company. Thus it is very important to understand that an organization which is willing to place the knowledge base at level with the top management when it comes to calling the shots (taking the decisions), is willing to experiment in a very proactive manner; one that can reap rich dividends in the near future. A lot of philosophers and thinkers of the past have had their due share of ideologies with regards to morality and its different forms. Some of the world’s top names in this field have contributed in one way or the other and the rationale that they have developed over a period of time is something to gain insight from and get enlightened all this while. These philosophers and thinkers have all brought to light the role of different cultures, ideals and so on and so forth but the basic premise is the same – making their mark in the field of morality and contributing to the exact definition of virtue. It is definitive to understand that not all the deeds of an organization be slated as clean and fair rather some of these are hidden from the common knowledge of even the workers who are working tirelessly upon them. Thus it is in line with the office level hierarchy and the same must remain as the case since there is no alternative for workplace discipline and ethics. The different communication styles can only work to the advantage of all and sundry when there is a genuine effort on the part of the managers to make their workers feel at ease with the changing trends, rising pressure regimes and so on and so forth. BIBLIOGRAPHY Megone, Chris. (2002). Case Histories in Business Ethics. Routledge Blake, Robert R. (1951). Perception: An Approach to Personality. Ronald Press Robinson, Howard. (1994). Perception. Routledge Word Count: 1,531 Read More