Managerial Decision Making. Part 1: Conventional Techniques

Abstract

It is generally recognised and accepted that the fundamental role of a manager is “to get things done”. At times the manager has to make quick decisions about what has to be done and how. What is more, the decisions often have to be taken before all the relevant information is to hand. This is where so many fail. A good leader is prepared to make decisions on inadequate and incomplete information, realising that no decision is perfect and that an imperfect decision is far better than no decision at all. The best indication of a good leader is that people around him or her are enthusiastic and excited, preferring to work where they are than anywhere else.