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.
Nobody downloaded yet

Effective Decision Making - Essay Example

Comments (0) Cite this document
Effective Decision Making [Name of the Writer] [Name of the Institution] Effective Decision Making Introduction The decision-making practice is conversant to everyone, being functional at almost all distinct and comprehensive stages in person’s professional and private life…
Download full paperFile format: .doc, available for editing
Polish This Essay98.6% of users find it useful
Effective Decision Making
Read TextPreview

Extract of sample
"Effective Decision Making"

Download file to see previous pages Alan Mulally is a man that has turned around the automaker's finances through his effective decision making. Mulally became the CEO of Ford Motor Company in Fall 2006. He is not an expert in building cars, yet he has been able to steer his company through the rough waters that has devastated other auto companies without any government bailouts. One interesting observation is that his leadership style is very positive in terms of effective decision-making. This paper identifies the role of Alan Mullally as a leader who has always supported effective decision making. It also discusses how Mullally has created a constructive decision environment. The paper further discusses the generation and evaluation of alternatives in effective decision making and implementation of decisions effectively. Discussion In 2006, Bill Ford Jr., the founder's great-grandson, put sideways the very factual probability of merger, even bankruptcy, and took a decision to place another CEO on his position as an attempt to save Ford Motor Company. He offered the post to a Detroit outsider, Alan Mullally, accredited with the post-9/11 resuscitation of Boeing and lured to Ford by the prospect of saving an "American and global icon. (Brown, 2009, 52)" After joining Ford as a CEO, Mullally has taken several decisions to change the company's prejudiced culture and insisted on teamwork. He developed a recovery plan and worked out on that plan uncompromisingly. He surveyed the entire business weekly to measure progress of other competitors and deeply monitored his own company’s performance. Mullally’s wise decisions win over the Ford family by safeguarding a critical finance just aforementioned to the credit calamity along with the reduction in the number of brands and streamlining of production as per customer demands (Naughton, 2011, 66). He invested and applied advanced technologies for improved fuel efficiency and better production. His one of the effective decisions was an agreement UAW that yielded cheap labor costs that fended off the corporate invaders and convinced the public to buy Ford Cars. Another major decision Mullally has taken to get Ford the place where it is now was the well-publicized denial to accept the government bailout GM and Chrysler necessary to survive (Taylor, 2009, money.cnn.com). Mullally rests controlled in reducing costs and invest more in product development. Restructured models lift Ford Motor's U.S. market share to 17.5% from 16.1 %. That profited the company from the challenges of its competitors. Suppliers report that domestic-make customers turned progressively to Ford after General Motors and Chrysler went through bankruptcy and accepted government coffers to persist (Taylor, 2009, money.cnn.com). Mullally has created a constructive decision environment on the basis of his timely efforts and effective decisions. In late 2006, Ford borrowed $23 billion, hocking everything, including the company's Blue Oval logo. That gave Ford the cash cushion it needed to withstand losses and develop new models such as the Fiesta. The most important thing Ford has done is invest heavily in new product during this down cycle (Naughton, 2011, 66). The trade-off was a debt load that Mullally has said puts Ford at a competitive disadvantage with rivals GM and Chrysler, which slashed their debt in bankruptcy. Mullally's discipline showed when he made the historic decision to terminate the 71-year-old Mercury brand by year end. His ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Effective Decision Making Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Effective Decision Making Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/management/1444955-effective-decision-making
(Effective Decision Making Essay Example | Topics and Well Written Essays - 1000 Words)
Effective Decision Making Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/management/1444955-effective-decision-making.
“Effective Decision Making Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1444955-effective-decision-making.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
How effective are Business Intelligence (BI) tools for supporting decision-making
The knowledge that is at hand, if handled properly, both in the quantitative and in the qualitative manners, it brings value to the organization’s decision makers. The techniques that assist in the providence of the value of knowledge are knowledge management and business intelligence.
12 Pages(3000 words)Essay
Calidad de Vida: Effective communication and efficient decision-making
The goal of this paper is to analyze what kind of strategic decisions and development plans are more appropriate for organizations. In particular, the case of Calidad de Vida, a private healthcare organization, will be analyzed to determine how the company should behave in a particular situation. Suggestions and recommendations will be drawn upon the analysis and discussion of the situation.
10 Pages(2500 words)Essay
Decision Making
Problem solving and decision-making are a natural process in the organizational setting. From an individual’s perspective in terms of undertaking clearly defined tasks, decisions are made when situations present the need to select from among various alternatives.
5 Pages(1250 words)Term Paper
The decision making process: Effective Management
Among the common decision making models that fall under the category of the rational group include the decision matrix analysis, the Pugh matrix, the SWOT analysis, Pareto analysis, and the decision trees (McDermott, 2006). Accordingly, these models use logic in the assessment of the alternatives that are expected to produce the desired results.
15 Pages(3750 words)Essay
To What Extent Have UNHCR's RSD Procedures been an Effective and Fair Tool in the Refugee Decision-making Process
In a world beleaguered by conflict and strife, an unfortunate but undeniable phenomenon is the marked increase in the number of refugees worldwide. At the beginning of 2000, there were 14 million refugees. In 2010 alone, there were 43.7 million internationally and internally displaced individuals across the globe, which points to a visible increase in humanitarian crises since that year.
16 Pages(4000 words)Essay
Discuss the key features of effective corporate decision making and assess how well these are being applied in an organisation y
................................................................... 4 Innovativeness................................................................................................ 4 Diversification..........................................................
6 Pages(1500 words)Essay
Discuss the key features of effective corporate decision making and access how well these are being applied in an organisation y
In order to tackle various complex situations, organizations adopt effective decision in every level of their operational activities. This decision making ultimately supports the organisations to attain their predetermined business objectives and superior competitive position.
6 Pages(1500 words)Essay
Employee engagement is crucial for effective, corporate decision making. Discuss using examples from two global companies
Engaged employees, thus perform their duties in ways furthering their organisation’s interests. Employee engagement, therefore, can be defined as the measurable degree of an individual’s emotional attachment to their work (Kruse 2012). Engagement measures both negative and positive attachment, commonly displayed in the various attitudes held by employees towards their job(s).
7 Pages(1750 words)Essay
Employee engagement is crucial for effective corporate decision making
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.
5 Pages(1250 words)Essay
Poor decision making by managers can have fatal consequences on the image and also the success of the organization as a whole. Therefore, organizations should ensure that their decision makers are deeply reliable and have the
2 Pages(500 words)Essay
Let us find you another Essay on topic Effective Decision Making for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us