Study on Importance of Decision Making in Corporate Governance
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Added on 2019-11-26
Study on Importance of Decision Making in Corporate Governance
Added on 2019-11-26
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Running head: ORGANIZATIONAL GOVERNANCEOrganizational GovernanceName of the studentName of the universityAuthor note
1ORGANIZATIONAL GOVERNANCEDecision-making has huge influence in the organizational leadership as well as otheractivities related to management. Decision-making has huge impact on the effectiveness,growth, success as well as proper goals accomplishment. Leadership decision making helpsin analyzing the functions as well as qualities of the leaders that are essential for the growthof the entire organization. The main aim of the assignment is to understand the factors of success that helps indecision making in the different practices of the organizations. Proper decision-making helpsin understanding the organizational governance. Organizational governance helps inunderstanding the rules and regulations through which the company is controlled anddirected. The purpose of the assignment is to improve the quality decision of the leaders aswell as accomplishment of goals in the entire organization as well. The structure of the assignment includes the nature of authority as well as power inthe organizational governance. Proper decision-making arrangements has to be done by theofficials of the organization as to understand the techniques through which the organizationcan be controlled and accomplish goals as well. Role of Decision-making in influencing the nature of power and authority andmatters of organizational governanceThe importance of decision-making in corporate governance has to be properlyanalyzed in order to understand the interest of the stakeholders. In order to understand theutilization of decision-making the various statements related to issues that are faced by thecompany regarding bad policies and procedures that are followed by the company.Furthermore, other significant issue that has been faced by the organizations wherein properleadership skills along with decision skills are necessary for the entire company (Zacher &Rosing, 2015). The companies need to adopt and design positive decision-making
2ORGANIZATIONAL GOVERNANCEenvironment in the organization, as this will help in generating leadership skills among theindividuals to provide knowledge about decision-making and organizational governanceamong the employees in the organization. There were many scholars as well as practitionersof leadership felt that organization fails to rise in the competitive environment due to lack ofproper decision making skills and due to negative policies and procedures applied by them.The employees of the organization are the ones who are the victims in such case when theorganizations fail to gain success in the market. The organizational employees along with thehigher officials work towards achieving goals for the company by making the employeeswork towards the job performance along with the accomplishment of goals in theorganization. For instance Wu et al., (2015) commented that high and accurate moralestandards, honesty as well integrity that are helpful for the organizational officials toovercome the shortcomings faced by the organization and the employees as well.In Coca-Cola Company, the higher officials need to implement strategies that will help inunderstanding the requirements of the employees and provide them moral support.Implications on organizational governanceA proper defensive attitude has to be kept by the employees of the organization as toovercome the limitations and shortcomings that are faced by the organization. The properstrategy has to be maintained by the organization in order to finish the tasks properly withproper accomplishment of goals in the organization as well. Proper development of creativepolicies along with decision-making has to be followed by the officials of the organization asto achieve growth as well as accomplishment of goals as well. For properly solving theproblems in the organization, proper alternatives has to be selected by the organization as tosolve the problems in the organization and solving critical matters as well. Therefore, theproblems that are faced by the organizations that are the symptoms those are non-associatedin nature. The main loopholes of the decision-making of the organization has to be properly
3ORGANIZATIONAL GOVERNANCEanalyzed that will help in allowing proper understanding of the issues that is hampering thegoodwill of the organization (Tourish, 2013).For instance: In Coca-Cola company, the board of directors implementedorganizational governance wherein the employees along with the higher officials such asCEO as well as other board of directors are included to follow the laws and engagement isneeded and contribution is required equally from each employees. Factors in achieving success in organizational governanceThe qualitative scientific description related study was generally centered intounderstanding the factors that are helpful in achieving success in the organization withgenerating proper effectiveness and efficiency among the employees of the organization. Thisparticular method helps in the researcher to understand the tasks performed by the employeesand working with them both from cultural and natural environment. With the help of thismethod, it helped in understanding the similarities and patterns along with the differences thathas led to categorization, contextualization along with the various theoretical codes as well asrelationships among the different concepts to explain the variation in the decision makingprocess. Attributes of leadership and decision-makingThe attributes of the leadership to be properly explained to generate a properframework that will help in determining the importance of decision making in theorganizational governance. The framework will help in identifying the ability of the officialsas well as the management of the organization that has to include the reviews that will help inunderstanding the situations that are concrete, unambiguous as well as effective in nature.Proper implementation of policies helps in identifying the issues regarding the learning and
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