Quotes & Sayings About Decision Making In Management

The situation - having to choose between imposing higher retail prices and reducing investments and military spending - created a dilemma for the government: deciding between conflict with the public or with the Party economic elite. But not making a decision heightened the risk that, as the crisis developed, there would be conflict with both the public and the elite.18 The new generation of leaders clearly did not understand this. The traditional management of the economy was oriented on natural, rather than abstract, parameters. The development of cattle breeding was discussed at the highest level more frequently than the country's budget. Industry and business leaders regarded finances as necessary but dreary bookkeeping.19 In addition, information on the real state of the budget, hard currency reserves, foreign debt, and balance of payments was available only to an extremely narrow circle of people, many of whom understood nothing about it anyway. — Yegor Gaidar

This constitution recognises the need for social dialogue involving labour and management; it involves trade unions in the decision-making process; it has a social vision founded on social dialogue. — Jean-Pierre Raffarin

Developing and implementing IT governance design effectiveness and efficiency can be a multidirectional, interactive, iterative, and adaptive process. — Robert E. Davis

Since the season ended, I've let things settle down, and I have to talk to the coaching staff and management. I really don't want to turn this into a big drama. So I plan on making a definite decision relatively quickly. — Steve Yzerman

The reason is that good management itself was the root cause. Managers played the game the way it was supposed to be played. The very decision-making and resource-allocation processes that are key to the success of established companies are the very processes that reject disruptive technologies: listening carefully to customers; tracking competitors' actions carefully; and investing resources to design and build higher-performance, higher-quality products that will yield greater profit. These are the reasons why great firms stumbled or failed when confronted with disruptive technological change. — Clayton M Christensen

I see companies these days where thoughts of "exits" are foremost in the minds of top management and board, and it is so clear that this value will infect the decision making down to the smallest choice by the most junior employee. Do we create something that is good, or just that seems good and might get us acquired or funded? — Brad Stone

The rationales for centralized, to-down decision making - control, direction, and compliance - melts away when individuals are tightly aligned with the company's values and goals, accountable for their actions, and self-regulated. — Dov Seidman

Democracy in contemporary society is a fake, predicated on an illusion that we are together making choices about how best to manage ourselves, an illusion that functions to obscure the fact that we vote for different individuals to exercise power in a state apparatus that is still dedicated to the efficient management of the capitalist economy. The imperatives of capitalism must always undermine democratic decision-making, and the term 'dictatorship of the proletariat' serves to indicate that the hollow democracy of the 'dictatorship of the bourgeoisie' must be replaced by a socialist democracy that realises the full potential of open collective self-management. — Ian Parker

Green light, STOP - if you want to see where you are taking the most risk, look where you are making the most money. — Paul Gibbons

Collective management will build companies - not top-down decision-making. — Peter Diamandis

Use of analytics is accelerating, and that means more data-driven
decision making and fewer hunches. Evidence-based management
complements analytics by adding validated cause-and-effect relationships
between policies and effects. — Paul Gibbons

The Swedes have coined the term 'management by perkele' to portray the Finnish managerial approach. Instead of collectively pondering all the possible alternatives and letting every member of the staff from the cleaner to the MD voice their views, as the Swedes do, the Finns act swiftly and don't waste time on the decision-making process. If something isn't happening quickly enough, it is necessary for the top managers to slam their fists on the table and yell, 'Perkele!' Repeatedly, if necessary. — Tarja Moles

Policy-making, decision-taking, and control: These are the three functions of management that have intellectual content. — Anthony Stafford Beer

How will history judge us? Will our tales be sources of inspiration, or wells of caution? — Yunus D. Saleh

Time creates Let time work at your projects. — Rossana Condoleo

Early on I realized that I had to hire people smarter and ore qualified than I was in a number of different fields, and I had to let go of a lot of decision-making. I can't tell you how hard that is. But if you've imprinted your values on the people around you, you can dare to trust them to make the right moves. — Howard Schultz

The alternative to systematic planning is decision-making based on history. This generally results in reactive management leading to crisis management, conflict management, and fire fighting. — Harold R. Kerzner

A clear mission statement describes the values and priorities of an organization. Developing a mission statement compels strategists to think about the nature and scope of present operations and to assess the potential attractiveness of future markets and activities. A mission statement broadly charts the future direction of an organization. A mission statement is a constant reminder to its employees of why the organization exists and what the founders envisioned when they put their fame and fortune at risk to breathe life into their dreams. — Fred R. David

The situation is caused by the legal structure which gives the community no control over who buys the house lots. One consequence is that there are many absentee landlords who often do not participate in community decision-making, thus creating an inability to move forward, particularly on issues for which the law requires unanimity. The legislation also fails to provide an adequate framework for the management of the common land. — Christine Connelly

If we are going to live with our deepest differences then we must learn about one another. — Deborah J. Levine

As successful companies mature, employees gradually come to assume that the priorities they have learned to accept, and the ways of doing things and methods of making decisions that they have employed so successfully, are the right way to work. Once members of the organization begin to adopt ways of working and criteria for making decisions by assumption, rather than by conscious decision, then those processes and values come to constitute the organization's culture. 7 As companies grow from a few employees to hundreds and thousands, the challenge of getting all employees to agree on what needs to be done and how it should be done so that the right jobs are done repeatedly and consistently can be daunting for even the best managers. Culture is a powerful management tool in these situations. Culture enables employees to act autonomously and causes them to act consistently. Hence, the location of the — Clayton M Christensen