Project #156322 - Business Discussion for Response

Business Tutors

Subject Business
Due By (Pacific Time) 11/27/2016 08:00 pm

Discussion response/reply to 3 original post. 1/2 page per topic....APA format. Maximum of 2 pages.  

In responding to the learning activities and to other students, please be sure to use the course material using in-text citations and a reference list to cite the source(s) used. 

Learning Activity 1 Response for (GF)

 

According to the test I am a Systematic/Internal decision maker. Systematic Decision makers collect a lot of information before making a decision. Just like described, I do not make choice by impulse. I do agree that I analyze issues by myself and go through a thinking process before voicing my opinion.

There is democratic decision making which is when the leader shares his absolute control of a decision and distributes it in the form of vote. The majority vote is what rules under a democratic leader.

Another type of leader is a collective leader. Under a collective leader the decision is taken with others members within an organization. The members participate by giving their opinion and perceptions regarding an idea. The leader, however, remains responsible for the outcome of the decisions.

I think that being a collective leader is very effective. I think that in any kind of job, especially mine you need a leader or a representative figure. Employees need a point of reference to talk to and advice to. When making a decision that effects everybody, however, one must take into consideration what other think and perceive regarding that idea. This is very hard for me, since I like to think about ideas to myself and I do not like to collaborate about what to do. I think to become a collective leader I need to work with others and respect other’s decision. My biggest fear is that I will not agree with others, therefore I will not agree with theirs ideas.

The same concept  apply if I want to become a democratic leader, I also need to learn to accept that others will make a decision for me. I have to accept that others will decide for me and that my opinion is not the only one that matters.

I am a loan analyst so my  job does not require any time for me to lead anybody else. For my  job it is important that I trust my own opinion and that I make my decisions rationally. To decide if the loan is one to acquire or not I must make a judgment call and think about everything logically. It takes a throughout process to get through all the documents.

 

(2) Learning Activity #1 for Response (BS)

 

The results of my decision-making quiz determined that I am a spontaneous/external decision maker. While this type of decision-making style is good for managers and leaders that take risks, there are ways to further improve my decision-making style to where there is more thinking involved in the initial decision-making process. The test revealed that I make decisions very quickly, do not map out my game plan and sometimes talk too soon before thinking. On the other hand, the positives of this decision-making style include making decisions based on what feels right, the ability to see new possibilities and goals, the habit of consulting with others before making a decision and the ability to make an argument from all angles. 

While there are many positive traits to my style of decision-making, there are still tips I could use to further improve my decision-making style to suit a management or leader position but there is no "better" style of decision-making because it depends on the type of job one is in. For example, if I were a CEO of a major corporation that wanted a long-term game plan (at least 5 years or longer) I would need to change my current style of decision-making in order to fulfill the needs of that position. Some things I could do to improve my decision-making style for this position include generating potential options by mapping them out and writing them down, analyze the pros and cons, gain feedback on my options from a non-biased third party,  publicly debate the decision to test the approval of the decision being made and develop a contingency plan to help take away the spontaneous areas of my decision-making style (Stark, 2014).

When accessing my decision-making style overall, I would agree there are many preferable decision-making traits that are preferred in a world of uncertainty when it comes to making decisions. The only downfall is that my style of decision-making can sometimes involve decisions being made too quickly or made based on feeling rather that factual information. If I take more time to gather more information and slow down my decision-making to where I can test various options before making a decision my style should improve to where I can make effective decisions as a manager or leader. 

Reference:

Stark, P. (2014). 9 Steps to Build Your Reputation as a Great Decision Maker. In Peter Barron Stock Companies . Retrieved November 24, 2016, from https://www.peterstark.com/wp/wp-content/cache/supercache/www.peterstark.com/9-steps-build-reputation-great-decision-maker//index.html.gz

 

 

(3) Learning Activity #2 for Response (MB)

 

Dr. Jim Taylor quote can mean a many of interpretations. The one interpretation that I draw from this quote is to embrace the undercurrents (unseen driving factors) when making a decision. Taylor stated in his article, The New Demands of 21st Century Leadership, leaders from past century used different platforms to reach a decision. They relied on book knowledge, life experiences, or possessed a unique business specific knowledge (i.e. marketing, sales). Taylor (2013) noted that globalization and technology are the forces that changed how businesses functions in today's era. Technology is a factor given the instant access to real time data, statistics and credible information within a click or “ask Siri” ;-). Globalization is a force, not to be political, that opened up to free trade agreements (NAFTA). Hence, a corporation can have offices located in any part of the world and use technology to bring stakeholders together. 


Taylor (2013) dived into what I considered the deep crevices of leadership. Another interpretation, as a leader is possessing soft skills like communicating and engaging with others to understand their perspectives. In the previous reading, Decision Making Style (n.d.), a leader who utilizes democratic, collective, or a consensus as a decision making style involve stakeholders. In the process, leaders can receive information from them (stakeholders) that may add value to their decision. When a leader is engaged with his subordinates, they both draw from each other experiences that add to their tacit knowledge bank. When a leader develops relationships with others, this person will be able to discern which source is credible or not. For not all information disseminated will contain factual data. Another interpretation from this quote is that leaders realize that not all decisions will be favorable. Sometimes a decision will not be welcomed because of potential outcomes (i.e. laid-offs, relocation, new management). Taylor (2013) noted in his article about having emotional intelligence as an asset. A leader’s ability to properly manager emotions during a crisis will demonstrate if this person will collapse or remain fortified. A leader can use emotional intelligence as part of his/her tool kit because it is the link that is needed to connect, show empathy, and have self-awareness of others.  

References:

Decision making style (n.d.). Retrieved November 24, 2016, from http://www.leadershipmanagement.com/html-files/decision.htm

 

Taylor, J. (2013, August 5). The new demands of 21st century leadership. Retrieved November 24, 2016, from http://blog.seattlepi.com/jimtaylor/2013/08/05/the-new-demands-of-21st-century-leadership/

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