MANAGEMENT DECISIONS 1 Essay Example
When it comes management roles, it is required that frequently decision is taking. There when this team was going for a trip, it required a range of decisions ranging from those that are entrepreneurial, how to deal with the disturbance, resource allocation and negotiation of deals throughout the trip. In this discussion, various decisions that were taken under each category will be focused on.
Entrepreneurial decision taking
This is when those in the management throughout the trip are going to determine which is the best opportunity that they can tap into and lead to profitability. This area requires wide knowledge for one to settle on the best opportunity that shall be tapped into. It requires critical analysis and brainstorming to ensure that the idea is well hatched (Kutty, 2007).
This is a decision making that is going to ensure that the team members do not face challenges so that they can deviate from the objective of the trip. The management is going to determine the best method both languages and the team is going to travel in is going to be determined. When the team is going to be protected from disturbance, then it is possible that they will deliver good results.
This involves determining to which area of the trip resources are going to be allocated and how much to it. The Proper allocation will ensure that the trip will be successful, and the best results are got. Those areas that are most important should be allocated more resources. The budget should be the guiding principle (Brown, 2007).
This is a decision-making process that is going to ensure that the best deals are got. The value of the of all the deals should be of value to the team.
Brown, P. (2007). Career Coach-Decision-Making. Singleton Hospital, Swansea, Wales.
Kutty, Ambalika D.; Kumar Shee, Himanshu; Pathak, R. D. (2007). «Decision-making: too much info!». Monash Business Review. 3 (3): 8–9.
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