Did it work? Effective decisions in the workplace

Abstract

Effective decisions are key in professional contexts as they significantly determine firms' long-term health and survival. Consequently, holding a clear understanding of the components that define decision effectiveness may be highly beneficial for organizations. However, the multidimensional nature of the construct has led to the lack of theoretical consensus on the defining components of decision effectiveness. The present work sought to identify some of the factors that may intervene in determining decision effectiveness, specifically taking into account factors that are intrinsic in managers’ attitudes and skills. Three relevant factors were identified and discussed, encompassing analytic versus synthetic approach to decision-making, time-management and decision promptness, and active procrastination, and applicability of the investigated dimensions to employees' assessment organizational practices is proposed.