Saturday, January 17, 2009

Personal Factors Affecting Decision-Making of Managers

The decision made over the same issue by different managers may not be the same. This happens in view of personal differences. The following personal factors also influence Managerial Decisions:

    1.       Intellectual Ability:

                        The mental ability of two individuals will not be the same. People differ in their capacity to perceive, understand and analyze any given problem. Such a difference is reflected in their decisions.

    2.       Experience:

                        A manager with considerable experience may not encounter problems while evolving decisions even on crucial matters. This is obviously because he would have already come across such situations in his career. A manager who lacks experience, on the other hand, may fumble.

   3.       Sentiments and Values:

                       Every manager has his own values, beliefs and sentiments. Some managers may be pragmatic in their approach and may evolve a practical decision each time. On the other hand, there are still some others who may like to play safe and go by convention or custom.

   4.       Courage:

                    Undoubtedly, The manager needs courage to evolve and implement certain decisions on sensitive issues.

   5.       Level of Motivation, Self-Confidence, etc:

                      A manager with a high level of motivation and self-confidence may not be afraid of the reaction to his decisions. He will not bother even if his decision does not get the approval of everyone. He is sure of the success of his decision.  

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Personal Factors Affecting Decision-Making of Managers

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