What are Management Decision making skills?

As a manager, one of the most important skills we need to have is the ability to make good decisions.
Making the right decisions can have a positive impact on our organization, while making the wrong decisions can lead to negative consequences, therefore, it is crucial for managers to have strong decision-making skills.
This video is an introduction to the various aspects, however for a better understanding please check out the links from the "Additional Reading" section below and continue on your learning journey.
Note: Videos have been made with international students in mind, as such if your finding the speed of speech slow, please increase playback speed to 1.25 in KZread.
I hope the video takes you beyond the definition & helps to make the learning process a little more tangible. Please subscribe & feel free to share.
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Video Content
0:00 - Introduction to Management Decision making skills
Decision-making skills
0:40 - Skill 1, Analytical Thinking.
1:16 - Skill 2, Problem-Solving.
1:48 - Skill 3, Data Analysis
2:22 - Skill 4, Risk Assessment
2:51 - Skill 5, Familiarity with decision-making models, and frameworks
3:21 - Skill 6, Stakeholder Management
3:56 - Skill 7, Decisiveness
4:10 - Conclusion
4:39 - Ethical Considerations
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Came across a great saying:
“You can't make decisions based on fear and the possibility of what might happen.” ― Michelle Obama
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Additional Reading:
How to Strengthen Decision-Making Skills for Managers
www.indeed.com/hire/c/info/de...
10 Essential Decision-Making Skills That Every Leader Must Have
high5test.com/decision-making...
Decision Making
www.skillsyouneed.com/ips/dec...
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School of Learning
Arnav Dutta
/ arnav-dutta-a2020a44

Пікірлер: 2

  • @EWBAustralia01
    @EWBAustralia0110 ай бұрын

    Great points. One of the biggest threats to managers decision making is procrastination and not being able to make definite decisions and in a short time. All those points mentioned assist to overcome decision making challenges.

  • @SchoolofLearning

    @SchoolofLearning

    10 ай бұрын

    Spot on as always, and thank you for taking the time to watch and leave a comment!