Gone are the days when organizations were solely interested in hiring individuals to perform routine, mundane tasks. In the current scenario, corporate evolvement has reached a point wherein, irrespective of where you stand on the organizational hierarchy, you are expected to perform a set of managerial duties.
Speaking about managerial duties, how can we ever overlook the importance of decision-making? We at the Jagannath International Management School, one of the top b schools in Delhi, strongly believe that human and technical skills have a central role to play in the process of decision-making. Let us see how!
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Display of Mindfulness When Making Decisions:
We at the Jagannath International Management School view mindfulness as a crucial human skill, which to a great extent, continues to be one of the most underrated skills that define one’s managerial abilities.
Say there is an instance wherein an urgent decision needs to be made. If the manager acts in a jiffy, there are chances of the decision going wrong. Contrary to this, if the manager keeps his/her composure and tries to think clearly, there is no way he/she is going wrong with the decision. Hence, it is high time managers stop running behind superficial skills and focus on core abilities like this to make better decisions.
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Leadership is Key:
Believe it or not, it isn’t easy to make organizational decisions because there are multiple parameters that need to be taken into consideration before taking the final call. Many times, you have people, who fall at different levels on the organizational hierarchy, offer their views and opinions solely to influence your decision.
Amidst this, if you wish to stand out as a good and successful manager, it is vital for you to take the leadership reins into your hands and be as honest as possible with the decision you make. You can take suggestions, but avoid being a blind follower if you wish to be applauded for your managerial decision-making.
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Creative Thinking and Communication:
If you wish to be on point with your managerial decision-making, it is necessary that you look beyond the obvious. Your success in the role of a manager depends extensively on your creative-thinking capabilities. You need to make it a point to think out-of-the-box and come up with one of its kind options, which shall then work as a starting point in the process of decision-making. Creative thinking will ensure that you are able to make decisions while optimizing the usage of resources and minimizing wastages.
On the other hand, it is important to be prompt with your communication. Before making a managerial decision, you would want to assess information that may come from different sources, particularly different departments in the organization. If you continue to work in isolation, neither will you receive the necessary information nor will you be in a position to take a conclusive stance as far as making a decision goes. This is one of the key reasons why we at the Jagannath International Management School make it a point to get our students to participate in engagements that automatically sharpen their creative thinking and communication abilities.
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Data Analysis:
Speaking about the sharpening of technical skills, we can seldom miss data analysis. Irrespective of the organization you work at, data is vital. In order to make sure that you don’t go wrong with your decision, it would help for you to get access to organized and relevant data while knowing about the intricacies of analyzing the same.
In the absence of data analysis, it is very difficult for a manager to make a logical decision. This is why at our institute, we lay efforts to introduce our students to this wing of study along with providing them with the provision of practical exposure so that they nowhere have to compromise in the process of managerial decision-making.
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Functional Expertise is Indispensable:
You may possess all the human skills that are necessary to step into the shoes of a manager and make decisions. However, not all decisions can be taken with the help of these skills alone. Certain decisions need to be taken within the technical framework where functional expertise becomes necessary.
For instance, you may be an IT manager who is expected to showcase his/her decision-making skills. In the absence of IT knowledge and understanding of the technicalities, it is impossible for the manager to weigh between alternatives and come to the final decision, which makes technical skills equally important.
Final Words:
For the survival and growth of any organization, adept decision-making on the part of the managers holds the utmost importance. This is mainly because a lack of accurate and timely decision-making may end up impacting the standing and stature of the organization in question. In certain cases, it can lead to heavy financial losses as well.
With this in mind, we at the Jagannath International Management School, one of the top b schools in Delhi, pay special attention to grooming the much-needed human and technical skills in our students. Our course curriculum and overall teaching framework are designed in a way that the students are equipped with not just a strong knowledge base but also attain the necessary decision-making abilities and a readiness to continuously work on further improving their human and technical skills.
