Decision theory

today’s environment is highly volatile ambiguous and uncertain and therefore it requires great networking and collaboration among all levels of leaderships in the organization. So for an effective leader there is need to project about the future of the business by bringing all sources within the organization together which will help in increasing the organization income. embracing decision leadership will also require that embracing change through improving the organizational status to higher levels (Ireland & Hitt ,1999). How does effective decision-making help the organization to maintain a competitive edge in today’s highly competitive global marketplace? Creating and maintaining systems that will enable the organizations decision making process effective is critical in giving any organization or business a competitive edge. Effective decision making is known for presenting the organization with a sustainable customer environment and a steady market position.

The vendors that were available were evaluated as below. suitability priority Vendor 1 Vendor 2 Vendor3 Can the system accommodate future changes (potential improvements) 4 3 1 4 Can the system help alert me on any products that are about to finish? 5 4 3 2 Is the system compatible with others existing in the organization? 3 4 1 0 How much will the system cost the organization 1 3 0 2 Is there available support from the provider in case of any failure? 2 5 3 4 Total score suitability priority Vendor 1 Vendor 2 Vendor3 Can the system accommodate future changes (potential improvements) 4 12 4 16 Can the system help alert me on any products that are about to finish? 5 20 15 20 Is the system compatible with others existing in the organization? 3 12 3 0 How much will the system cost the organization 1 3 0 2 Is there available support from the provider in case of any failure? 2 10 6 8 Total score 47 28 46 The matrix tool helps more in deciding the best option out of many options considering the different factors (Saaty, 1985).

In the above evaluation we went for vendor 1. The challenges that occur in this decision include forgoing some other best options as per the listed priorities offered by other vendors. Therefore one has to let go those better single options and take up a compact general advantage for the whole purchase (Lippitt, G. in this case therefore ending up with the best alternative and making the best decision will make the organizations operations successful and build up a stable working environment as well as a growing market of customers (Birkinshaw & Gibson, 2004). Module 06: Discussion Assume the role of a leader of a team that has been assigned to solve a complex problem within your organization. What challenges do you anticipate considering the concepts presented this week? Importantly, what strategies might you have in place to overcome those challenges? After doing so, discuss a time in your organization when you experienced a team assignment.

In your estimation, did the team function cohesively? If so, explain. If not, what were some of the underlying issues? Importantly, what were the final outcomes? Be specific. Having emotional intelligence enables most leaders to build up stable working environments for their workers to speak up their minds and give out opinions without fear. Implementing a collaborative working environment in an organization is not just a goal but it needs to be integrated into the organization having an emotional leader in an organization can help leverage the emotion for the better decision needed by the organization. When leaders have the ability to act upon changes they can be aware of how the workers can react and make earlier plans. Emotional intelligent leaders are likely to provide success to organization as the put behind their emotions and make the best decisions How could increasing your emotional intelligence levels help you to increase your decision-making effectiveness? Being emotional intelligent enables one to put behind ones emotions and trey articulate things as they are.

increase in emotional intelligent will help much in reducing blurred decision making process and hive enhance to coming up with better decisions guided by facts and not emotions How could emotional intelligence help you to improve as a decision leader seeking to influence your organization to become more competitive in today's global marketplace? Emotional intelligence enables everyone in the organization to be part of the decision making process and everyone opinion counts in planning of the organizations decisions. It’s not necessarily that leaders must please everyone but that everyone feels important to the organization Module 12: Discussion Assume the role of a senior level executive of a multinational company located in Saudi Arabia. Your organization conducts business in various parts of Asia, Europe, The United States, and Mexico.

It has come to your attention that some strategic partners have engaged in practices that are considered unethical. Although such practices may not be considered unlawful, they raise questions regarding integrity and high ethical standards as related to financial activity, safety standards, and treatment of employees. How would you address the current issues with partnering companies who are engaged in questionable practices? Importantly, how do you protect your organization’s public image when such practices have been called into question? Be very specific and thoroughly explain based on the ethical concepts gained in the course. In your estimation, is the leadership in your organization effective? If so, in what ways? If not, what might you recommend if provided the opportunity? My organization would be more appropriately and highly functional with a servant leadership type of organizational model.

Servant leadership allows everyone to input his opinion and suggestion in a way that it is articulated within the organization. There is more of power sharing and the needs of the organization are prioritizing while encouraging the making decisions collectively. This model is known to boost morale and improve the cultural diversity. Though critics say that the model compromise on the business goal as it prioritize the employees but I think that when the internal customer is happy the external customer is happy. A. Achieving and maintaining strategic competitiveness in the 21st century: The role of strategic leadership. Academy of Management Perspectives, 13(1), 43- Saaty, T. L. Decision making for leaders. R. Succession planning for the 21st century: how well are we grooming our future business leaders?.