Managerial Decision Making

Paper Summary:

This paper discusses how management is largely associated with making decisions and possessing the ability to make decisions. The paper relates that, predominantly, the character and type of decisions which a manager makes during the course of his or her duties are aligned with the four functions of the manager. The paper then goes on to examine and discuss these four functions and points out that managers, in respect to their various roles and activities related to the four functions, must be able to place their duties and responsibilities within each specific category. The paper concludes that the role of managing as a functional role based on decision making is essential to an organization's strong economic performance and consistency.

Outline:
Management
The Functions as Decision Nexuses
The Management of Functions
Conclusion

From the Paper:

"The roles of a manager have been the topic for much academic debate throughout modern business studies. However, generally these roles have been categorized into four broad divisions of activities. Sims (9) relates that while many other functions do exist for which management is expected to accomplish, either directly or indirectly, these four primary functional areas of responsibility, remain pivotal in the role of the manager because they form the primary nexus within which almost all of managerial decision making takes place. "

Sample of Sources Used:

• Lowell, R. "Situational Leadership." T&D, 57(2003): 80+.
• McGregor, J. and Barrett, J. "Dawn of the Idea Czar." Business Week, 04/10(2006): 3979, p.58.
• Mudacumura, G. "Participative Management In Global Transformational Change." International Journal of Public Administration, 23/12(2000): 2051.
• Peck, C. G. "The Art of Leadership." School Administrator, 60(2003): 50+.
• Rao, C. Globalization and its managerial implications. Westport, CT: Quorum Books; 2001.

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