Answer to Question #214243 in Management for GHULAM MURTAZA

Question

IS THERE A DIFFERNCE BETWENN WRONG DECIDIONS AND BAD DECISIONS? WHY DO GOOD MANAGER SOMETIMES MAKE WRONG DECISIONS? BAD DECISIONS? HOW CAN MANAGERS IMPROVE THEIR DECISION-MAKING SKILLS ?

Answer 1

There is a difference between wrong and bad decisions. A wrong decision is one’s best guess when having no way of knowing and understanding, whereas a bad decision is a result of an unprompted error.

Managers do make wrong and bad decisions due to lack of experience and time, distress, overload, and pressure inserted from senior authorities. Hence, all the above-mentioned factors can lead to poor management decision-making. Secondly, leaders and managers are only human beings. Notably, human beings are not perfect in decision-making. Therefore, people do expect a bad decision once in a time.

Notably, the following are basic skills that can be embraced by managers for effective and sufficient decision-making. Managers need to reframe the problem, make any decision based on empirical evidence, challenge the status quo, be objective, develop an eye for risk, letting go of the previous errors and mistakes, and embracing the virtue of honesty.