Decision Making
Decision making is one of the essential leadership skills that are of importance in the daily operation of any given organization. In fact, in workplaces where efficient decision-making process is practiced, the objectives of the firm are realized. The fundamental goals of any business organization is to minimize the costs and maximize the profits and in order to achieve this goal, the leaders must therefore make the right decisions (Kim, Ferrin, & Rao, 2008). As a lower level manager in our organization, I have made various pronouncements for the firm’s efficient operation which has also contributed to the continued existence in the competitive market.
Following proper analysis of the production rate of our organization, I recently made a resolution to hire more employees to increase the production rate. Our firm deals with sugar production and serves a relatively large market. It is one of the rapidly growing companies in the area with a steadily increasing number of clients. Since the organization was founded, the market has been steadily growing as a result of the good decisions made. These decisions have ensured that production target is met to meet the growing market demand. Following such concern, as a lower level manager, I decided to recruit more employees to ensure that the production level is increased to meet the rising demand for the commodity. The top managers approved the verdict, and the decree has enabled the company to double its initial production rate.
I engaged a rational decision-making model in the recent judgment I made for our company of hiring more personalities. Increasing demand for our product prompted me to make effective verdict to help solve the problem. I had to sell my idea to the top managers for approval as the first step. Consequently, I had to establish various alternatives to choose from. For instance, I was compelled to choose a practical and cost effective option that could ensure an increase in the production rate that could consequently lead to the satisfaction of the customers’ growing demands for our product. Of all the alternatives, increasing the number of employees was the most convenient one; hence, I decided to hire more staff. The decision to recruit more workforce ensured increase in the production unit enabling the organization to meet the increasing market demand.
Arguably, if I have used bounded rationality in making the decision following the increase in the number of customers, the production would have not improved (Chiclana et al., 2001). The problem that faced our company that required a positive result was a need to find a solution for the rising demand for our product. When the organization employs a bounded rationality, they shall have reduced the problem by targeting a smaller market. This decision would not lead to profit maximization for the organization because they will be forced to reduce their production rate.
Apart from rational decision-making model, I used intuition to arrive at my decision of hiring more staff. I had a feeling that increase in the number of employees would lead to raise in the level of production. I believed that escalating the number of staff would ensure that recruits are shifted to ensure they have enough time to rest making them more productive. Besides, by hiring more workforces in the organization, the productivity was increased as there was enough specialized staff for various responsibilities in different departments.