Decision Making

Peter E. Druker (1967), lists five elements of decision process in his book, The effective Executive:1) Clear realization that the problem is generic and can be solved only through a decis

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CONCLUSION AND RECOMMENDATION:

In conclusion there are a multitude of factors affecting the quality of decisions made by any given manager that include but are not limited to: personality characteristics, experience, the context of the situation at hand, strategies used and critical thinking and analysis. The process should include all parties that are affected by the decision. A change is president is one of the most crucial events in the life of a company, and it is an event in which the board of directors plays a central decision - making role. This case presents a situation where the decision-making process has completely failed. Often times the effective decision-making process in undermined because the board is passive, and board members are friends with the president. "

It is important that the board make sure that the succession process begins about four or five years before the president is expected to step down. The board has to identify candidates who could be moved to the top of the organization.

Analysis: The selection of the president is one of the most important decisions a board of directors makes. Zutshi follows some of the simple steps outlined and avoids the pitfalls, he can and should have complete confidence in the decision made. Challenge them with different frames. Decision-makers caught in such a trap find it impossible to systematically seek out and consider information that reveals what decision is about, let alone mingle chance information about future conditions with objective information to carefully compare alternative courses of action.

In the book called Decision making at the Top, Gordon Donaldson & Jay W.

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Approximate Word count = 2044
Approximate Pages = 8 (250 words per page double spaced)

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