Essay - Managerial Decision Making in Today's Increasingly Competitive Global Business Environment...

Managerial Decision Making

***** today's increasingly competitive global business environment, the role of the upper layers of management is essential in defining a vision, a set of strategic objectives and ***** means by which these objectives can be reached. In many situations, a good manager can make the difference *****tween profit and loss, between success ***** failure. The article "Good Managers Don't Make Policy *****s" aims to identify, through direct observation, ***** main five qualities that a successful manager is likely to have. We will analyze three of these and support our critique with a couple ***** well picked arguments.

I. Talent 1: A good manager has to be ***** informed

The article supports the idea that a good manager has to be well informed as to the operational issues that go on *****in the organization. According to the author, many of the top level ********** have worked during the career at different levels of the ***** *****, in this sense, have different s*****ces of inform*****ion they can approach in order to get multiple feedbacks and opinions related to a certain issue. This would give them a larger picture than if the information came to ********** only through the general hierarchical channels, ***** *****ly act a as ***** filter of information rather ***** an enh*****cer of facts ***** *****s.

***** purpose of such an information search at all ***** of the organization is to ensure that the information is "live and accurate." This ***** ***** the ***** decisions that ***** upper ***** will make is based on the actual operational realities, ***** which the manager is ***** informed.

A connection with ***** levels of ***** ***** ***** also important in be*****g aware ***** all times of the different issues and problems that the employees may have. A *****uch ***** diplomacy is always necessary here so as not to undermine the *****ity of ***** lower level managers.

To these *****, ***** *****ed ***** the internal structure ***** the organization, I would add that the upper level manager needs to be just as well ***** about what is *****ing on outside the company and ***** ***** dec*****i*****s he *****s should ***** be made on verifiable, perfectly sound ***** about the realities of the external environment as well. The internal network ***** probably be extrapolated ***** support an ***** network, providing ***** ***** useful information.

II. Talent 2: A good manager can focus time and energy

This talent starts from one of the basic economic principles that states that ***** resources are ***** limited, while the needs remain unlimited. Extrapolating to the condition of the ***** of a company, it is obvious ***** his attention is practically needed by all ***** activities, problems ***** issues that might arise within the *****. The talented manager will know which ***** ***** ***** select, ***** of these require his permanent ***** and which can be solved by the ***** managers, with only the information being passed on to himself.

***** key word ***** to this talent