A person decides on multiple things throughout their day, like what they should have for dinner, the clothes they should wear, or the beginning a new relationship. Back to … Once a plan is implemented, it’s necessary to evaluate and monitor its effectiveness and impact according to desired goals. Decision making is also an important activity that supports the organization by reducing risks in projects with quick and better decisions. Planning With A Difference: A Reflection On Planning And Decision Making With Indigenous People In Broome, Western Australia. Decision making refers here to all organisational processes that allow the organisation to make a qualified choice between different options regarding operational and organisational decisions. This motivates the staff members to contribute to decisions through brainstorming or alternatives to solve the problem. You can also use questions to reflect on decisions that resulted in a setback. if everything is going as per the plan, different internal and external factors influencing decisions, the performance of subordinates as expected etc. Whether it is an organization or a family or an individual; all make budget plans to utilize their financial resources efficiently. Planning ensures effective coordination at different levels, between various departments or functions. This leads to high motivation among staff and reduces turnovers of quality staff. Operational, Strategic, Tactical, and Contingency. For example, HR department issues like handling grievances related to leaves or attendance of employees require programmed decisions. My Personal Reflection On Decision Making 802 Words4 Pages Decision making is a vital skill to have to succeed in today’s world. For example, employee engagement activities demand HR staff to work as a group and take decisions for better employee engagement programs. The role of a planner demands good decision-making abilities also as the planner has to take a lot of decisions simultaneously. Non-programmed decisions are made for tough situations where defining different alternatives is a challenging task. Planning helps arrange the appropriate flow and sequence of instructional content and events. It requires joint efforts of the team. Reflection paper #7 The strategic management process does not end on deciding what strategy to chase. The trade-unions may also hinder a smooth planning process. Decisions are affected by the policies of an organization. For example, before going on a trip, we make a plan i.e. So, value-based decisions help in prioritizing tasks and making goals, identifying different solutions to problems, and finalizing the best solution or alternative. funds, resources, manpower etc, are included in the process of planning. Planning predicts various risks related to business and further helps in generating action plans to control and reduce these risks. where and when to go, how to reach the destination, the duration of the trip, where to stay and luggage to carry, etc. Strategies are a set of plans and actions that are defined to meet certain results. Strategy-based decisions are future-related and executed by the top management. Decision making or decision-making is a much more complex concept and it subsumes planning. 15, No. These are also known as life decisions. Plan for a "worst case scenario" about a situation. money, men, material, machine, market and method are used carefully and as per requirement. Doing so helps you see ways to improve decision-making in the future. Different characteristics of decision-making are mentioned below: Decision-making consists of a process to choose the best solution to a problem among available alternatives. Productive Utilisation Of Available Resources, 4. Decision-making process ensures better results based on the decisions made. When managers and employees understand the business and feel committed to helping the success of the organization is much easier that type of translation. Planning paves a path for supervising subordinates, providing right instructions, and rendering top-notch guidance. Decision-Making Reflection Exercise I will offer 2 examples of cognitive biases as well as suspect group decision-making processes that initially would have led to catastrophic results if counter action had failed to correct the situation. This type of planning is for short duration i.e. A linear analogue scale assessed the extent to which the plan ... gether in making decisions … For example, Diwali bonus payment to employees is a policy matter and calculation of such bonus to handover to employees is considered an operational decision. Planning requires robust analytical abilities i.e. It is an integral part of planning. Implementing a plan refers to allocate defined activities, resources, time guidelines to individuals. Different alternatives are not required in these as everyone is aware of what action to take on a daily basis. So, it comes with uncertainty. 1 Increasingly, SDM is considered a valued component of patient‐centred and high‐quality care. Due to limited capital or funds in small and medium organizations, it is quite challenging to have comprehensive plans. These decisions come under the preview of the top management and leave a long-term impact. Any reliance placed on such information is strictly at the risk of the user. In no event we be liable for any loss or damage, direct or consequential, arising out of or in connection with the use of this website. In shared decision making (SDM), patients and clinicians work together in making decisions about health and care. Different departments or functions of an organization like sales, IT, production, purchase, accounts, or HR take operations decisions. to produce the desired output. There are three areas that we often find are missing when teams develop a strategic plan: The planning process is backed by a change in methods, policies, rules, etc. The effective functioning of different departments of organizations like sales, purchase, IT, HR, finance among others depends on planning their systems, optimum use of resources, etc. Further steps involved are: developing a process for monitoring performance and formulating a comprehensive PMS plan. This model is more of a technical model. The mission of an organization specifies its reason for existence, customers, products or services, service locations, etc. However, a powerful tool for making decisions, which is sometimes overlooked, is self reflection. By decision-making, organizations can determine and face different problems in working. Similarly, if an organization policy says that the minimum annual salary increment of staff will be 10% of the salary then increment can’t be less than 10%. A realistic look must be taken at the prospect of these new opportunities and SWOT analysisshould be done. Organizations take decisions on a regular basis; so, decision-making is a continuous process. These types of decisions strategically affect organizations. Anyone’s reaction to a particular situation is more likely to depend on the individual’s values, likes and dislikes, thoughts, and beliefs. A well-designed budget also helps in planning during a financial crisis. Risk-management is an important aspect of any organization, especially in forecasting. plans and actions by functions for short-term and aims at contributing to the strategic plan of an organization. New plans are initiated after the previous plans lapse to fulfil organizational goals. to implement a plan. For example, changing leave structure or office timings are policy-related decisions. Without planning, this process of control could not be smooth. Planning is connected to a process, and it is an important element of planning. It is an integral part of planning. Name: Aladino I. Bernaldez III Subject: MGT 215: Organization and Management Course: MPSM – 1 Date: October 14, 2020 Reflection Paper 10.2 On Planning: Decision Making 1. Operational plan or work plan refers to the planning process aimed at achieving departmental and organizational goals. Example of the decision-making process is shown in the below visual presentation to solve the problem of high employee turnover in an organization; The quality of decisions depends on how much time has been devoted to making decisions. This, in turn, marks an impact on initiatives and innovative ideas from the employees. 2 As interest in SDM interventions grow, so does the need to properly assess SDM in research and practice. An investment in purchasing fixed assets by organizations puts a constraint on the budget required for implementing the planning process. Good decisions help in increasing the productivity of organizations that result in more profits. Once relevant information is collected and analyzed, the next step is to formulate a plan to achieve defined goals; the plan includes identifying different activities, required resources, timelines, etc. Reflective evaluation of care interventions and clinical decision making. Analyzing information includes organizing collected information as per importance, identifying accuracy and relevancy of information from different sources, its unique features, sources and reliability for the organization. Learning from decision errors and disasters. Both planning and decision-making are connected to each other. These plans clear planned activities of departments for the near future in detail. So, policies act as a decision-making element as well. Planning, being a continuous function, works well in adverse situations too. It is related to the day-to-day functioning of organizations. These are step-by-step inter-related activities to be performed and require different resources like money, manpower, machinery, etc. Planning cannot be 100% accurate and reliable as it is based on forecasting and the future is uncertain, data and information used in making plans may not be accurate, vague decisions made by incompetent planner etc. It helps in identifying any gaps in planning i.e. For example, decisions related to expanding the operation of an organization to other countries, launching a new product, introducing performance management system for the first time to the employees are non-programmed decisions where decision-making is a challenging task and these decisions are mostly taken by management or at the top-level. Self-reflection that is poorly executed due to unresolved issues becomes evident in subsequent poor planning and flawed decisions at a later stage. In summary, strategic plans provides a series of agreements about what needs to happen and also help an organizations anticipate and manage change, improve the decision-making processes, promote effective stewardship and align the board and staff. Decision-making results in selecting the right action among different available options. These decisions are generally taken by the bottom-management staff. 1 INTRODUCTION. After collecting information, the next step is to develop different action plans or an alternative course of action. This essential text brings together in one place the inextricably linked concepts of professional development, reflective practice and decision-making. These are for the long term and are centrally focused. Organizational goals are defined based on the mission statement of an organization. Ongoing plans have a defined set of policies, rules, and procedures to achieve goals and are continued for the future as well, like a performance management system for employees. The planning function was put forth by Henri Fayol, known for his Management Theories i.e. Strategic planning facilitates making short-term decisions based on long-term implications. The process of strategic planning includes vision clarity, collecting and analyzing information, strategy formulation, and implementation of strategy, evaluating, and controlling. Evaluating and monitoring decisions will clear different aspects, i.e. Introduction. Examples of such decisions include what reports to generate from the biometric system of attendance by the HR staff. Tactical planning is based on today’s need and is a bit more detailed. Reflections on decision-making and planning is analytical and includes reference to conceptual understanding and skill development. For example, conducting a campus interview decision by hiring executives is an organizational decision. Complexity arises in managerial work as well. Implementation of plans also requires allocation of responsibility in the team which is responsible for accomplishing the plan. Decision-making can be either positive or negative. It acts as a direction towards achieving organizational goals. The foundation of planning is decision-making. Decision-making also provides the best solution to any problem as the best solution is decided after evaluating different available alternatives. These reflections communicate a moderate degree of personal engagement with the research focus and process of research, demonstrating some intellectual initiative. Decisions, in which involvement of organizational goals, resources, and policies is required, are termed as strategic decisions. Project planning includes defining goals, project schedule, resources, budget, project quality, manpower, and risk management. education, experience level, intelligence, etc. Due to this, the planning process can’t be detailed in some organizations. RCS … Plans are preliminary decisions that may be adjusted and changed by circumstances before an action is actually executed. Plans are devised which are aimed at achieving these predefined goals. Policies are a set of guidelines to accomplish any task effectively and also includes procedure and actions. Few of them are: Planning requires much investment as lots of aspects, i.e. This process includes different activities in the planning process to meet organizational goals. Attractive monetary and non-monetary benefits can be designed through proper planning which is helpful in boosting the morale of the staff. This step includes collecting data and information to identify a real issue or problem. Below is an example of tactic planning by HR Hiring Manager to achieve the goal of hiring twenty sales representatives in the first quarter: These type of plans are need-based and are formulated when the need for change arises or during the occurrence of any unexpected circumstance. Planning and decision-making are the most important managerial functions, and there are many relations between them. This step in the decision-making process not only includes the analysis of different alternatives available or solutions but also an examination of each one of them based on results they are going to produce. action plan. Employees resist this change due to insecurity, the uncertainty of new plans’ success, and getting used to the current plan. Decisions taken have to be in the boundary or within the limits of these policies. The planning process requires an appropriate or fixed financial budget for future actions. It is mainly useful for small-scale organizations and business. and mostly in written form. monthly or quarterly, half-yearly, yearly, etc. This planning needs to be flexible to meet unexpected issues which are not predefined. Surplus profits help in increasing compensation benefits to employees which ultimately boosts their morale and keeps them motivated. It answers what to do to achieve the strategic objective rather than how-to-do as in case of operational plans. Decision-making is also a time-bound process and eliminates confusions to reach a conclusion. So, it’s necessary to utilize and organize them efficiently to produce maximum output. It has a minimum of two or more alternatives or solutions to a problem so that the best can be decided. Every decision consists of separate situations that make decision-making a changing process. The scope may vary in different functions. For example: Goals are specific, measurable, achievable, realistic, and time-bound. Reflection On Self Development Through Reflection 1854 Words | 8 Pages. Decision making is a complex process that involves giving consideration to … Planning also requires setting of goals to make a plan further. Performance of staff can be controlled or improved by devising plans for improvement in performance according to the variance in performance plans and actual performance at work. Due to the time limit, decision-makers are not able to collect all the necessary information that influences decisions and are, also, not able to look for more alternatives. The process includes identifying an organization’s mission, resources, process, etc, inspecting which areas are working in the right direction and which areas need improvement. As decision-making ensures optimum utilization of resources, making the right decisions to solve problems or issues helps in achieving organizational goals and overall growth. These models are: These are used by new organizations having less experience in using strategic business planning. The essay’s introduction, body paragraphs, and the conclusion are provided below. For example, software companies work on different projects for their clients. This one is an extended version of the basic strategic planning model and is used by established organizations which aim at introducing an improved strategic process. We make no representations or warranties of any kind, express or implied, about the completeness or accuracy or reliability of the information or services contained on the website for any purpose. In any planning activity, the process is practical. The ultimate aim of the functioning of each department in an organization is to achieve organizational goals and objectives. It is the end result of discussions, comparisons, etc. Planning and Decision Making Introduction Planning & Decision Making Self Reflection: Planning and Decision Making. Plans can be modified and restructured as per requirement and available information. So, it indicates the commitment of desired results. single use plans or ongoing plans. 211-217. Write a summary of what was discussed about “Planning: Decision Making” on October 3, 2020. Planning is mainly of four types i.e. For example, the goal of the marketing team of an engineering college is to increase the number of students by increasing marketing promotional activities. Minor decisions are routine decisions and don’t require much time and deep thinking. This requires getting and allocating resources, budgets, time frame, etc. A strategic plan starts with the vision and the mission statement of an organization. If only one alternative is available, then there is no requirement of decision-making. Decisions related to policy issues are policy-related or tactical decisions. 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Predefined goals different activities, resources, manpower, and long-term plans require to! Ideas from the biometric system of attendance by the bottom-management staff rest the... Collecting information, competitor ’ s necessary to evaluate and monitor its and! To face different challenges or scenarios which arise due to this, an. Under picture once other plans fail to produce desired results like purchasing stationery for different departments leaves or of!
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