You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overall company can and will have far greater impact on the company and its employees.

Your boss, the chief executive officer (CEO), realizes that you do not have much practice in this higher level, decision-making process and has asked you to write a memo describing your understanding of how to make important decisions. Your memo should address the following questions:Describe at least 3 criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision?

Question

Business

Hester

14 November, 08:10

You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overall company can and will have far greater impact on the company and its employees.

Your boss, the chief executive officer (CEO), realizes that you do not have much practice in this higher level, decision-making process and has asked you to write a memo describing your understanding of how to make important decisions. Your memo should address the following questions:Describe at least 3 criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision?

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Makai · Answer 1

Ease of implementation: A good manager must ensure that plans, programs, and intending innovations must be feasible. The possibility of its actualization must be on the high side. E. g. A manager seeking to increase production of good normally at 1000 per day to 10,000 per day, the processes involved in relation to the resources available must be considered.

Return on Investment: A good manager must ensure that whatever resources is put into a project or a plan must be able to facilitate increased productivity or growth. Financial and work commitments should be able to yield more capital than the actual investment put in.

Employee morale: An unmotivated employee setting would invariably yield negative gross productivity. A good manager must ensure that the employees are happy with their work routine, incentives, work hours and vacation breaks, etc. If employees are stressed beyond measure or aren't working happy, it affects productivity in a bad way.

To ensure great decisions are being made, a good manager must also put into consideration the following;

Cost of managing business processes and plans The flexibility in modifying plans and general business procedures A huge consideration of risk levels Ensuring proper cost savings Exponential growth in sales and/or market shares