Discussion Post: Decision Making
Continuing on the theme from CLA1, some time has passed and you were successful in your position as a senior manager. After deliberation by the board, you have been elected and appointed to the position of CEO. This means that you are now responsible for the organization more from a department-level, rather than a personal-level.
However, you understand that you must improve the efficiency of decision-making at all levels of the organization in order to be more effective as a whole. You decide to conduct a series of seminars and workshops within the organization in order to meet this challenge. Provide a detailed report that you will present to the board that outlines your strategy to improve decision-making at all levels in the organization. Your report should include the following:
1) A summary of the decision-making concepts presented in CLA1
2) A plan defining, and detailing the psychology of poor financial and investment decisions and how this information can be used to aid the finance department
3) A process for making rational decisions and avoiding cognitive mistakes during negotiations
4) Detailed strategies that you would incorporate to improve the overall decision-making process throughout the organization
5) A system that ensures ethical approach to decision-making.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.