methods of functional cost analysis;
marginal analysis strategies;
approaches to the analysis of capital formation and placement;
approaches to assessing the efficiency and intensity of use of a company's capital;
methods for assessing the efficiency of fixed capital use;
tools for analyzing the use of enterprise material resources;
techniques for studying the efficiency of using human resources in a company;
methods of analyzing a company's marketing strategy;
approaches to the study of production and marketing processes;
analysis of the cost price of goods using special methods;
tools for assessing the financial performance of a company;
strategies for analyzing business profitability and profitability;
practices for studying the vietnam telegram use of company profits;
methods for assessing investment efficiency;
analysis of the company's financial position;
techniques for diagnosing crisis situations and bankruptcy risks in an organization.
The more deeply a leader delves into the essence of the phenomena being studied, the more rigorous approaches to research he takes and the more reasonable decision-making strategies he develops.
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4 Basic Strategies for Managing Decision Making in Management
There are four key methods of decision making in management, each of which is suitable for different contexts, requiring specific tools and skills:
A strategy built on authoritarianism
Individual decision. Mainly made by the head of the enterprise or department, taking full responsibility. This strategy is the fastest, does not require agreement with others and discussion of alternatives. However, it carries a high risk: if the manager does not have sufficient knowledge or information, he may choose the wrong direction.
Consultative approach
The leader makes the final decision after consulting with colleagues - an expert, an accountant, a partner. This approach, although more time-consuming, helps reduce risks, since the leader uses the knowledge and expertise of others.
Voting procedure
The process of discussing alternatives in a group leads to subsequent voting. This helps to select the option that is optimal for the majority of participants.
Voting procedure
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This method is effective for topics that affect a wide range of people, such as the selection of tools and equipment, and is implemented jointly with those employees who will use them. This approach can be called democratic, since the opinion of each member of the group is taken into account.
Search for consensus
The group makes a decision only after careful discussion and selection of the best option. This method requires active participation of all group members, reasonableness and long discussion. It is most suitable for discussing issues that affect the interests of the majority, such as planning the strategic development of the company at a meeting of founders.
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Heuristic, collective and quantitative methods of making management decisions
There are a wide variety of models and methods for making management decisions, which fall into three categories:
Heuristic methods for making management decisions
An important role here is played by the manager's methods of making management decisions, intuition and his managerial instinct, which helps to quickly determine the choice of the direction of activity, despite the high risk of errors. For this approach, various sources of information are used, the main one of which is oral data in the process of analyzing the external environment.
Information comes from a variety of sources, including radio, television, communication with partners, suppliers and customers, as well as from lawyers, accountants, financiers and business consultants.
Such sources of information mainly include printed publications, commercial offers of other companies, annual reports and documentation. At each stage of decision-making it is necessary to have a precisely defined composition of participants. The formation of the working group should be carried out on the basis of the knowledge and experience of each member in the field related to the issues being decided.
Creative thinking and an innovative approach to solving the tasks at hand are important. Positive thinking helps the team make informed decisions, and the ability to communicate helps find a common language in the process of dialogue, adoption and implementation of management decisions.
Collective
They rely on collective intellectual abilities, without attaching importance to formal rules. They use innovative techniques and skillful strategies for selecting the best options. The selection process uses analytical methods and techniques for making management decisions and a comprehensive analysis of alternatives based on practical experience.
Meetings, committees, sessions and other forms of collective work represent various ways of interaction. One of the popular methods of decision-making is brainstorming, which is especially effective in situations that require non-standard approaches and with limited time for discussion. It is especially advisable to conduct oral brainstorming with the participation of no more than 10 people at all its stages.