Decision-Making
Decision-Making
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Assignment Description
This assignment will give you an opportunity to complete the outline used in the pre-writing technique as part of creating an academic paper.
Objective:
Demonstrate the process of creating an outline prior to creating a draft of an academic paper.
Assignment Requirements:
Complete an outline for the academic paper that is the final written assignment in this course. The outline body must have the following sections:
1.A definition of a good decision
2.Examples of a good decision
3.Synthesis of the previous research on good decisions that results in a general definition of good decision making
SAMPLE ANSWER
Decision-Making
Introduction
Whether decisions are good or bad, their makers should be accountable for them.
Making the right conclusions should be a decision maker’s priority (Karelaia, 2014). Whether the results are bad or good, decision-makers have to face the consequences of their choices (The Marketing Society, 2015). There are always hindrances to making right decisions (Pillay, 2014).
Body
A good decision is usually the right answer to a particular question (Fox, 2014).
Decisions must not only be the right answers, but they should also be specific to the questions they answer. Decisions are the driving power in organizations and managers cannot avoid them (Mandelberg, 2015). Being at an informed position facilitates the making of a good decision.
Examples of Good Decisions
Infosys’s decision in 1999 to let its local competitors excel is an example of a good decision. It was hard for the company to determine the appropriateness of the move, but with time, the decision made the Indian IT market competitive (Kaipa & Radjou, 2013).
Wendy Kopp’s decision to allow other people to run Teach for America initiative in 1999 serves as an example of a good decision. It was only after the founder had sacrificed his role that the company realized its current economic status (Kaipa & Radjou, 2013).
Research Synthesis:
Carrying out decision-making on the basis of credible and nonbiased information leads to the right decisions. The credibility of sources entails the truthfulness of the information they provide (Myatt, 2012). For instance, people would make bad decisions if they face limitations such as being under pressure (Zenger & Folkman, 2014).
In most cases, the effectiveness of the processes involved in decision making determine the achievement of either good or bad decisions (McKinsey & Company, 2009). The outcomes of decisions are vital to the determination of the appropriateness of choices. For instance, right decisions in healthcare result in desirable patient outcomes (Lee & Emanuel, 2013).
Conclusion
Decisions are good if they are the right answers to the particular question. The ultimate goal of decision-makers is to realize benefits regardless of periods they may take. At firsts, decisions may appear what they are not. Decision-makers should be accountable for the consequences of their decisions.
References
Fox, J. (2014, November 21). How to tell if you’ve made a good decision. Harvard Business School Publishing. Retrieved from https://hbr.org/2014/11/how-to-tell-if-youve-made-a-good-decision
Kaipa P. & Radjou, N. (2013, April 14). 7 business decisions that looked bad but turned good. CNBC. Retrieved from http://www.cnbc.com/id/100634625
Karelaia, N. (2014). How mindfulness improves decision-making. Forbes. Retrieved from http://www.forbes.com/sites/insead/2014/08/05/how-mindfulness-improves-decision-making/
Lee, E. O. & Emanuel, E. J. (2013). Shared decision-making to improve care and reduce costs. The New England Journal of Medicine, 2013(368), 6-8
Mandelberg, L. (2015). Good decisions, bad decisions. Evancarmichael.com. Retrieved from http://www.evancarmichael.com/Management/1038/Good-Decisions-Bad-Decisions.html
McKinsey & Company. (2009). How companies make good decisions: McKinsey global survey result. Retrieved from http://www.mckinsey.com/insights/strategy/how_companies_make_good_decisions_mckinsey_global_survey_results
Myatt, M. (2012, March 28). 6 tips for making better decisions. Forbes. Retrieved from http://www.forbes.com/sites/mikemyatt/2012/03/28/6-tips-for-making-better-decisions/
Pillay, S. (2014, March 31). How to improve your decision-making skills. Harvard Business School Publishing. Retrieved from https://hbr.org/2014/03/how-to-improve-your-decision-making-skills
The Marketing Society. (2015, May 16). Decision-making and accountability. Retrieved from https://www.marketingsociety.com/the-gym/decision-making-and-accountability
Zenger, J. & Folkman, J. (2014, September 1). 9 habits that lead to terrible decisions. Harvard Business School Publishing. Retrieved from https://hbr.org/2014/09/9-habits-that-lead-to-terrible-decisions
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