How to Make Management Decisions

How to Make Management Decisions

Managers are required to make hard decisions that support a company's short and long-term goals. Management decisions are usually made after employees' proposals and preferences have been heard. They must be made with a team, department or company in mind. The best management decisions are made with evidence, examination and input from other leaders. However, managers must keep a balance between receiving input and being decisive. Be prepared to make difficult decisions and review them for accuracy in the future. Learn how to make management decisions.

Identify the purpose of your decision. What is exactly the problem to be solved? Why it should be solved?

Gather information. What factors does the problem involve?

Identify the principles to judge the alternatives. What standards and judgment criteria should the solution meet?

Brainstorm and list different possible choices. Generate ideas for possible solutions.

Evaluate each choice in terms of its consequences. Use your standards and judgment criteria to determine the cons and pros of each alternative.

Determine the best alternative. This is much easier after you go through the above preparation steps.

Put the decision into action. Transform your decision into specific plan of action steps. Execute your plan.

Evaluate the outcome of your decision and action steps. What lessons can be learn? This is an important step for further development of your decision making skills and judgment.

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