Managerial Decision Making Leadership

Managerial Decision Making Leadership

The modern manager faces a bewildering range of challenges every single day. Their ability to make critical decisions, often under pressure, can directly determine the future success of the company and their career. It is therefore surprising that so few managers take the time to learn the art of decision making. In this groundbreaking book from Caroline Wang, readers will learn that quality decision making is a competence that can be acquired according to a simple framework. The framework is practical and easy-to-remember, consisting of two acronyms: GPA and IPO. GPA for decision content quality (Goal, Priority, Alternatives); and IPO for decision process quality (Information, People, Objective reasoning). The book places emphasis on leading a team to make decisions, even though the framework can be used for personal and individual decisions. By using this common decision-making framework, managers and leaders will gain credibility and team support for the decision, will confidently articulate, promote, and defend the decision, and will have made the necessary preparations for successful implementation when the decision-making process is complete. This proven framework from one of Asia's most dynamic leadership experts will improve the quality of your decisions and change the way you do business.

"The price of greatness is responsibility" - Winston Churchill. Great leaders and organizations need to bear greater responsibilities for its customers, employees, shareholders, business partners, and societies. Above all these responsibilities is the responsibility to make responsible decisions. Especially, leading the team and organization to make high quality and responsible decisions repeatedly. What are some of the common managerial traps in making team decisions? What are the drawbacks of leader makes the decision by him/her self or using democratic voting system for team decision? What does it take to score high in leading the team to make the best organizational decisions that have the highest odds for successful implementation? What are the critical success factors for high quality and responsible decisions? How to connect decisions and implementations to ensure best outcome? When and how to engage different members in the organization in the decision making process? How to ensure the decision making process is efficient and effective? When to re-examine and modify previous decision for continuous improvement? How to ensure all team members are making high quality responsible decisions even when the boss is not around? What are the different roles and responsibilities in team decision and the most effective leadership style at different stages of the decision making process? This book provides answers to these questions through a simple and logical decision making framework tested by years of real life experiences. Managers and leaders can score high in leading the team to make high quality, responsible decisions and best prepare for successful implementation.
The book de-mystifies the seeming complicated topic of Team decisions. It unveils a simple decision making framework that is easy to remember and effective in leading the team to make quality and responsible decisions. Six elements are discussed which can be used to score the quality of team or individual decisions.

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Caroline Wang is an Adjunct Professor at the School of Business and Management, Hong Kong University of Science and Technology (HKUST). She teaches the MBA and Executive MBA programs, with course topics covering Managerial Decision Making and Leadership, Managerial Communication, Leading Across Diversity, and Business Leadership. In addition, she is also visiting Professor at Peking University, Tsinghua University, and National University of Singapore for their executive programs. Caroline was formerly Vice President and highest ranking Asian female executive for IBM globally with over 25 years of working experience in the United States and across Asia Pacific. During her stint in IBM her responsibilities spanned 12 functional areas and her roles included Chief Marketing Officer and Chief Information Officer. Caroline currently serves as Board Director for three multinational companies in China.

Inhaltsangabe

Preface.
Introduction.
1 Decisions and Decision Making.
2 Decision-Making Traps.
3 GPA: G for Goal.
4 GPA: P for Priorities.
5 GPA: A for Alternatives.
6 IPO: O for Objective Reasoning.
7 IPO: I for Information.
8 IPO: P for People.
9 Conclusion.
Bibliography.
Index.