{"id":32779,"date":"2021-05-03T10:01:18","date_gmt":"2021-05-03T08:01:18","guid":{"rendered":"https:\/\/eiposgrados.com\/?p=32779"},"modified":"2021-05-03T10:10:24","modified_gmt":"2021-05-03T08:10:24","slug":"importance-of-decision-making","status":"publish","type":"post","link":"https:\/\/eiposgrados.com\/eng\/financial-management-blog\/importance-of-decision-making\/","title":{"rendered":"decision making"},"content":{"rendered":"

It is very common among executives, managers and those in charge of areas of a company<\/strong> be reluctant to take decisions<\/strong>; Many times they choose to recommend, give 2 or 3 positions (and wait for the CEO to decide) or they limit themselves to Provide information so that others can make decisions.<\/strong><\/p>\n\n\n\n

However, there are times when These decisions must come from these executives or officials<\/strong> and that is where we come across a inability to decide<\/strong>. <\/p>\n\n\n\n

This is not a defect; In reality it can be a condition of the human being due to its rational capacity.\u00a0\u00a0<\/p>\n\n\n\n

Use of reason for decision making<\/h2>\n\n\n\n

The human being has as an instrument of survival use of your reason<\/strong> and to do this you must compare different alternatives; You must weigh them and then decide on a course of action. <\/p>\n\n\n\n

On this path, the different options<\/strong> Many times they can confuse or lead those who make the decisions to realize that the results of their decision can be negative; This makes it, according to some scholars, an \u201canimal\u201d reluctant to make decisions.  <\/p>\n\n\n\n

It has been studied tribal cases<\/strong> for see their behaviors<\/strong> of farms, going to war or harvesting or planting crops and it has been found that in many cases these types of important decisions are related to acts of magic, orange blossom or non-rational events. <\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Additionally, other studies indicate that the human being becomes very tense <\/strong>for decision-making and that, in many cases, prefers not to make them so as not to assume the responsibility that this entails. <\/p>\n\n\n\n

In fact, if you think about it, There are few cases in our lives in which one makes decisions<\/strong>; Many times we let fate, others or the flow of life decide for us.<\/p>\n\n\n\n

Decision-making process<\/h2>\n\n\n\n

As company managers we are paid for resolve and make decisions<\/strong>, and that is our daily life.  <\/p>\n\n\n\n

The decisions can be taken by intuition<\/strong>, but the more rigor there is in them, the better. Even in the emergency decisions<\/strong>, the more supported the decision is, in analysis and data, the more information supports the analysis of alternatives, the greater the possibility that the decision will achieve the expected results.<\/p>\n\n\n\n

When we make decisions, we must always have a goal<\/strong>, and to the extent possible, it is better to use methodology to address them. <\/p>\n\n\n\n

  1. Identify <\/strong>he problem<\/a>, with a rigorous analysis of the origin.<\/li>
  2. Detect<\/strong> the possible alternatives for its solution.<\/li>
  3. Project<\/strong>r the possible results of the different alternatives and the possible consequences within the context.<\/li>
  4. Choose<\/strong> the alternative that achieves the best project results.<\/li>
  5. Check<\/strong> the execution of the alternative, mark the person responsible and the date of execution. <\/li>
  6. Assess<\/strong> If after execution the results obtained have really achieved the expected results and if the problem has been solved correctly.<\/li><\/ol>\n\n\n\n

    Group think, a problem when making decisions<\/h2>\n\n\n\n

    Finally, there is a phenomenon called \u201c\u201cgroup think\u201d<\/em><\/strong>,<\/em> which consists of the pressure that a group of people exerts<\/strong> about those who are dissidents or who have a different position<\/strong>. <\/p>\n\n\n\n

    Given this, there are many studies that maintain that the person who takes an opposing point of view <\/strong>The group often ends up remaining silent due to the need to be accepted by the group.  <\/p>\n\n\n\n

    \"importance<\/figure><\/div>\n\n\n\n

    Importance of decision making<\/h2>\n\n\n\n

    All these traits mean that on more than one occasion in the management committees make poor decisions<\/strong> and of low quality; Therefore, it is key to train yourself in decision making, get out of the comfort zone and stop being a mere financial advisor<\/strong> or otherwise to become an asset of the company.<\/p>\n\n\n\n

    Peter Drucker's phrase that says that When you see a successful company you know that someone has made decisions<\/strong>. Training for this from our training and training as executives is key. <\/p>\n\n\n\n

    The problems and how to address them are part of the day to day management work<\/strong>, but we cannot shrink, but rather address them as management challenges.<\/p>\n\n\n\n

    If you want to train in this field and acquire the competencies necessary to lead and make decisions<\/strong> in a company, we recommend the Master in Financial Management, Accounting and Management Control<\/a> in EIP<\/a>, where you will be able to carry out comprehensive management within companies with the use of technology<\/strong> necessary. <\/p>","protected":false},"excerpt":{"rendered":"

    In a company the importance of decision making is up to date. Do you know the process that managers must follow? We tell you!<\/p>","protected":false},"author":86,"featured_media":32783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[174],"tags":[],"class_list":["post-32779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-direccion-financiera"],"acf":[],"_links":{"self":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/posts\/32779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/comments?post=32779"}],"version-history":[{"count":0,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/posts\/32779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/media\/32783"}],"wp:attachment":[{"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/media?parent=32779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/categories?post=32779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eiposgrados.com\/eng\/wp-json\/wp\/v2\/tags?post=32779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}