Three Levels Of Decision Making - 1893 Words

Executive Summary: This report discusses the three levels of decision-making, which are strategic decisions, tactical decisions and operational decisions. Top management teams, CEOs, and Board of Directors make strategic decisions. Tactical decisions are made by managers, and operational decisions are made by employees. The supervisor of a local video game retail store gave great insights into the daily routines and responsibilities of being a supervisor/manager. He is relatively new to the position, but has embraced it fully, and is very dedicated to the company as well as the employees that report directly to him. He is a great example of a supervisor that worked his way to the position he is in today while applying what he had learned while attending classes at the University of Guam. Effective decision making within a company or business is a vital aspect of management, and the overall performance and success of a company or business. Introduction: Decision making, as defined by the Business Dictionary, is the thought process of selecting a logical choice from the available options. It is determining the positives and negatives of the available options, considering all possible alternatives, and forecasting the outcome of each option and alternative to determine which is the best for a particular situation. Decision-making is a vital part of management as it determines both organizational and managerial activities (â€Å"Business Dictionary,† n.d.). Decision-making isShow MoreRelated The Challenger Disaster - Responsibility of Morton Thiokol Inc.1231 Words   |  5 Pagesdeath of its crew but also in terms of the decision-making process that led to the launch and in terms of the subsequent investigation into the quot;causesquot; of the disaster. 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Their decision involves a comparison between several alternatives and an evaluation of the outcome. The quality of the decisions managers make is the true measure of their performance. Each operational decision influences future actions, which in turn, require further decisions. Errors in decision-making, therefore, tend to be cumulative. Decision-making is the major responsibility of a disaster manager, regardless of his or her functional area or level in the organizationRead MoreMoral Development As Defined By Lawrence Kohlberg1018 Words   |  5 Pagesof three levels and six stages that are sequential and remain consistent. According to Kohlberg level one is entitled Pre-conventional morality (pre-operational). In this level it consists of two stages: Stage One deals with punishment and obedience or how good or bad something may be. Stage two is instrumental purpose and exchange at this stage one is said to conform to seek satisfaction or praise. 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Top-level managers, such as Chief Executive Officers (CEOs), Chief Operations Officers (COOs), and Chief Financial Officers (CFOs), must make critical decisions on a daily basis. Their choices and the resulting outcomes affect the company, the employees, and the stakeholders. Due to the high importance of their decisions, the process they use to reach them meritsRead MoreThe Leader And Work Environment At The Crested Butte Community School1364 Words   |  6 Pagesadministrative support from diverse backgrounds. Most major decisions are made at the district level. These include number of school days, breaks and strategic operations. On a more local level, each school within the district works on its implementation of curriculum along with learning and teaching strategies. The leader attempts to engage the staff at stages associated in the decision making process. Teachers are encouraged to participate in grade level and subject specific committees, which explore learningRead MoreA Leader s Decision On The World Of The United States And Ceos Of Billion Dollar Companies Essay1009 Words   |  5 Pagesinevitable fact that exceptional leaders are good decision-makers. Good leaders understand how to utilize their VABES (values, assumptions, beliefs and expectations) to reason and make decisions that positively affect themselves, employees, customers and stakeholders, and organizations. VABES dictate how leaders attach worth, importance, and meaning to decisions. A leader’s decision is an outer expression of their personal VABES. Barak Obama makes the key decision daily to decide the faith of the United StatesRead MoreManagerial Skill1401 Words   |  6 PagesManagerial Skill What are the  traits of a good manager? 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