Making A Tough Business Decision - 902 Words

Leaders are faced with thousands of decisions to make during their careers. Making a tough business decision could be difficult, especially when you know many will be affected by it. Regardless of how difficult the decision could be, a successful leader cannot sit around being uncertain about what to do, they will quickly make a decision and communicate their goals to others. At times, it is not about making the right decision, but just making a decision. Every leader is different, therefore they have different decision making styles such as command, collaborative, consensus, and convenience (Gleeson, 2012). Martin Thomas, the CEO from Devise Products Unlimited (DPU), recently decided that it was time to change the culture of his organization. He did it by implementing a program called the FISH! Philosophy. Without providing any training, he decided to provide all his leaders a copy of the FISH! Book with a goal in mind to implement the program in each one of their departments within a month. After a month, he followed up with his leaders to see the progress and there was little to no success implementing the new program. Thomas had a difficult decision to make and unfortunately, it was not a smart move from his part. Business culture can be defined as how people behave with each other within an organization and how they interact with their clients Craig, 2014). Therefore, business culture is the organizations identity. If Thomas was having problems with how employees wereShow MoreRelatedLeadership Style For 21st Century1477 Words   |  6 Pageslike Ford, General Electric and International Business Machines, it is evident that they had series of leaders who were visionary and believed in empowerment of people. When we analyze tough phases of a company or companies that had a fall and ultimate demise, we clearly see a linkage between failure of company and absence of effective leadership (Canwell, Dongrie, Neveras, Stockton, 2014). The successful organization had leaders who made right decisions at right time and implemented them strategicallyRead MoreA Business Perspective Of Management Discipline1 299 Words   |  6 Pages 1. From a business perspective why is management discipline important? Compare and contrast the management discipline to medicine and law (how are these similar and how are they different - be specific in your explanations and provide examples to support your response). From a business perspective management discipline is as important as the next key factor to company success because it, â€Å"...drives the field forward† (Magretta, 9). Having discipline can help to set measurable goals, stay on trackRead MoreFilling The Heels Of The President1491 Words   |  6 Pageswas named The Most Powerful Woman in American Business after leading Lucent to become the most successful IPO in history. The answer to reform this country’s economy is to treat it like a business. Among all the politicians that advocate reform, Fiorina possesses the business acumen we need in our President. By zero-based budgeting, the economy will have the outcome we have all been hoping for. Lastly, Fiorina is fluent in making tough calls during tough times from being a CEO in a failing economyRead MoreThe Video, Leadership Decisions1470 Words   |  6 Pagesvideo, â€Å"Leadership Decisions† explains pretty clearly what the talking points will be. After 20 s econds of watching the video, I was thinking this was going to be a basic message about making a decision which we as leaders make every day. Watching the rest of the video, my opinion change and it really hit me. Even though we make decisions every day, we are impacting the individuals we lead, the business we run, and the customers we serve. Leaders cannot just make a decision or have an opinionRead MoreMoral Dilemmas673 Words   |  3 PagesMoral Dilemmas Moral Dilemmas Introduction Moral dilemmas are situations, which cause conflicts, and the decision made, can breach one or another principle or claim. The action taken by the subject can be something wrong or something undermining another option. Dilemmas cause conflicts where the subject has to settle on the appropriate action to be followed for certain options available; hence unable to decide the course of action to pursue. They are moral dilemmas because they conflict withRead MoreParagon Tool1059 Words   |  5 Pagesfuture growth strategy. Once such a strategy is formulated, if the service business and MonitoRobotic’s fit with these plans, then Nickolas should take the next step in conducting the necessary due diligence to determine that the MonitoRobotic acquisition price and it’s culture will fit with Paragon Tools. Current Situation While Paragon Tool Company seems to be a healthy machine tool manufacturing company surviving in a tough industry, a primary concern for Nickolas Anaptyxi, CEO, is continuedRead MoreTo What Extent Should the Strategic Decision-Making Be Mainly Determined by the Interests of the Shareholders Rather Than the Broader Range of Stakeholders?1012 Words   |  5 Pagesaffected by the activities of an organisation. The stakeholder approach means that the business focuses on the needs of its main stakeholders. These can include the local community, employees, customers and suppliers and can focus on environmental issues, regular orders and security of employment. In contrast to this the shareholders approach focuses on giving a good sized dividend to shareholders, which means the business objectives would be based on getting more profit. When Dyson moved its manufacturingRead MoreStuder International Essay903 Words   |  4 Pagesher post as chief security analyst. Adams’ boss told him that it was critical that they keep key managers in place as they weather the storm and if Studer lost any, be sure to replace them with ones who can handle the stress and make tough and unpopular decisions (Daft, 2011). Adams thinks of current employees that could possibly replace Chan and one employee came to mind, Julie Cobb. Question 1 The leadership skills necessary in a corporate environment characterized by instability and turmoilRead MoreHow Do Global Regulations Influence Businesses Operating Internationally? What Are The Major Obstacles?1328 Words   |  6 Pagessome U.S. businesses feel they are â€Å"anticompetitive and anti-innovative† (p139). After a difficult crises such as the one faced by the global economy in 2008-09, taking a tough stance is needed to protect stakeholders from corporations seeing to improve their profit or position through unethical practices. Businesses view tough legislation, regulatory governance, challenging trade restrictions, as well as the investment of infrastructure to meet these requirements as barriers. However these concernsRead MoreAnalysis Of Mcdonald s Seniors Restaurant Case1162 Words   |  5 PagesIn the business world, tough decisions are always present and managers are typically the ones that have to make them. When making decisions, managers have to keep their consumers in mind. Not only should they remember their consumers, but they should also consider both the micro and macro components of their decisions because something that may be good for the business and/or the market may have a negative effect on their consumers, and vice versa. In our first case, McDonalds â€Å"Seniors† Restaurant