Showing posts with label A630.4.4.RB_How Companies Can Make Better Decisions. Show all posts
Showing posts with label A630.4.4.RB_How Companies Can Make Better Decisions. Show all posts

Thursday, August 29, 2013

A630.4.4.RB_How Companies Can Make Better Decisions_ReyesCassandra

After viewing the video in the previous activity, reflect on the following questions in a well-written post on your Reflection Blog.
Marcia Blenko argues that decision effectiveness correlates positively with employee engagement and organizational performance. How do you think that employee engagement relates to decision effectiveness?

What are some impediments to good decision making?

Blenko suggests that there are four elements of good decisions: quality, speed, yield, and effort. In your opinion, is there anything missing from this list?

What can you take away from this exercise to immediately use in your career?

No organization can be successful without the ability of its leaders to make good, effective decisions. In order to achieve this, corporate leaders and their counterparts must be able to be consistent with their choices and also take some strategic risks in whatever market or business they are trying to tap into. Like anything else, there are many barriers to decision making effectiveness but if implemented correctly, the choices made by organizations can lead them to major success if they focus on the factors and considerations that entail the necessary examination and adaptation to ensure proper timing and placement of decision making selections.
            In the Harvard Business Review Video, How Companies Can Make Better Decisions, Marcia Blenko argues that decision effectiveness correlates positively with employee engagement and organizational performance (HBR 2010). In my personal opinion I would have to agree with this statement as I have been on both ends of reaching a high level of employee engagement and a low level of employee disengagement. In a position I held some time ago, I was extremely empowered and motivated by upper level management. I was told to be creative and take initiative and that it was okay to make mistakes as we learned from them. I had never felt so empowered in any other jobs I had held and it had allowed me to grow in both my personal and professional goals and aspirations. After holding this position for quite some time, I was promoted and was therefore placed under new management.
In this new position I held, the management I received was very degrading and stifling. I was immediately disappointed as I believed the promotion at the time was a step in the right direction for me in order to enhance my creative abilities and implement new and improved strategic changes in my organization. Instead I was faced with a decreased level of interest in my new role as those creative abilities and level of empowerment and engagement were completely stripped of me. I was left micromanaged, frustrated and asking myself why I had ever taken this promotion. It was as though I took a step backwards instead of forward.
“Engagement is an outcome. People choose to become engaged if they have sufficient opportunity and motivation. You can create the conditions so that people to do things because they want to, rather than because they were told to. ” (Partovi, 2013). This was a clear message my management at the time was missing. Instead of being motivated and empowered I was stifled and stripped of all potential abilities to be outgoing, creative, and influential in the decision making processes that were taking place. There are always impediments to achieving desired results. A true leader must be able to recognize those impediments and do their best to ensure that those barriers are kept to a minimum so the organization is able to experience the positive contributions made by staff members.
Some of the impediments to good decision making include a foggy or inaccurate vision of the organizational expectations or goals and non-existent implementations of employee engagement, empowerment, motivation and recognition. If the organization experiences a lack of trust, ownership or strategic planning and abilities this could also lead to ineffective decision making. As decision making can be quite difficult at times it is important that organizations recognize that good decision making is a skill set that can be developed over time. The more and more decisions that are made, the better and better you will get at making them, however it is also important to remember that on this journey mistakes will be made along the way, some of which can lead to organizational distress, which is why it is important to always educate oneself on all factors of the effectiveness of decision making. In the words of Mike Wyatt in his blog 6 Tips for Making Better Decisions:
You cannot separate leadership from decisioning, for like it or not, they are inexorably linked. Put simply, the outcome of a leader’s choices and decisions can, and usually will, make or break them. The fact of the matter is that senior executives who rise to the C-suite do so largely based upon their ability to consistently make sound decisions. What most fail to realize is while it may take years of solid decision making to reach the boardroom, it often times only takes one bad decision to fall from the ivory tower. As much as you may wish it wasn’t so, when it comes to being a leader you’re really only as good as your last decision. (Myatt, 2013).
            In order to make good decisions one must consider the elements of what good decision making is all about. In the HBR video discussed above Marcia Blenko states that her team defined decision making by the quality speed, yield and effort of the decision being made (HBR 2010). While I would agree that each of these elements plays a true factor in the success of decision making, I also feel as though boundary conditions of decisions should also be taken into consideration as almost any decision made will have barriers placed before it and it is important to know how to get past those barriers in order o be successful. I also feel as though feedback of decisions are important because it allows for all factors, opinions, views and suggestions to be considered before a decision is implemented so that the organization can be successful in all of its ventures.
            What I feel I would take away most from this exercise is how to be more cognizant of organizational barriers and decision making effectiveness and my personal responsibility to stay active in building these skills and implementing them as best as I can in my place of work despite the organizational or management difficulties I may face in the future. I think that I am better prepared to prioritize the factors that good decision making entails and better able to reflect upon the pros and cons of any strategic plans put forth in my department or position that I hold now or will hold in the future. I also believe that the video has helped me to think more objectively about decision making skills and the abilities that it takes for leaders to effectively make decisions sometimes based off of the very little information they have. I feel more prepared and inspired to make effective decisions in both my place of work as well as my home life as each environment offers very different aspects and goals of success.

References
D, J. (2009, March 19). 5 Elements of an Effective Decision Making Process : Sources of Insight. Retrieved from http://sourcesofinsight.com/5-elements-of-an-effective-decision-making-process/
Harvard Business Review (2010, October 13). How Companies Can Make Better Decisions, Faster [Video file]. Retrieved from http://www.youtube.com/watch?v=pbxpg6D4Hk8&feature=player_embedded
Myatt, M. (2012, March 8). 6 Tips for Making Better Decisions - Forbes [Web log post]. Retrieved from http://www.forbes.com/sites/mikemyatt/2012/03/28/6-tips-for-making-better-decisions/
Partovi, M. (2013, May 26). 8 tips for improving employee engagement — Let’s make organisations better! — Medium. Retrieved from https://medium.com/lets-make-organisations-better/eb98c7a48704