Effective Decision Making and Leadership

This assignment delves into the crucial aspects of effective decision-making and leadership within a business context. It examines the influence of individual traits like personality and emotional intelligence on decision-making processes. The importance of gathering reliable data, investigating situations thoroughly, and considering multiple perspectives is emphasized. The document also highlights the significance of creating a constructive environment for decision-making and communicating decisions effectively to stakeholders.

Personality Assessment
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TABLE OF CONTENTS
Introduction......................................................................................................................................3
Main body .......................................................................................................................................3
References........................................................................................................................................9
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INTRODUCTION
In the present scenario, personality assessment has become very important for
individuals. Furthermore, it helps them to become aware about their strengths and weaknesses.
The present report depicts my emotional assessment, decision making style and leadership style.
In addition to this, it also explains how emotional intelligence, leadership, and decision-making
contribute to the effectiveness of one’s role in an organization. Other than this, it also highlights
the way through which one can become more effective leader and decision maker.
MAIN BODY
The rationale behind selecting Maetrix in emotional intelligence is that it is an effective
test in which I am required to choose one statement which describes me the best among different
statement. At the time of giving this test, I need to avoid situations where I start over analysing
the questions. This test supports me in knowing more about my self and develop effective future
plans on the basis of the same. Along with this, it will also help in enhancing my overall
emotional intelligence level. This will further provide me with more potential opportunities
regarding growth and development. In addition to this, it will also guide me to work upon my
self regulations and become more productive.
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One of the main reason behind choosing my preferred decision making style is that it will
make me aware about the fact that whether my decision making is effective or not. I have always
taken care of the fact that I should take advice and opinions from other staff member before
making any kind of decision. This helps me in taking best possible decision which can benefit all
people within the organization. Decision making can be defined as the process in which
individual selects one alternative among various alternatives available. Good decision
contributes in success of an organization and also helps in developing sense of satisfaction
among stakeholders. There are different decision making styles which can be used by persons as
per their need and nature.
Individuals having directive style are usually aggressive and want quick results. On the
other hand, people with analytical style are innovative and they collect large amount of
information before arriving at any decision. People with conceptual styles tend to be highly
creative and always thinks out of the box in order to make decisions. The decision making style
which I have is behavioural style in which my objective is to ensure that all staff member works
together and do not have any kind of conflict with each others.
As a leader, I am highly motivated and capable enough to lead team of individuals. I am
well aware of the fact that leaders acts as role model for other people in the organization.
Therefore, a leader is required to motivate others in every situation. I am always able to
understand need and demand of all the people who are working under me. Furthermore, I always
try to provide recognitions and rewards to individuals which give their outstanding efforts in
success of the organization. This can be termed as one of the most important characteristics
which a motivated leader needs to have. I am also capable of lowering down the entire cost of
operations by suggesting creative ideas and strategies. A motivated leader is the one who
supports businesses in retaining employees by lowering down the rate of employee turnover.
Another quality of a good leader is that he/she has good communication skills. I am not only a
good speaker but also a good listener. This helps me in communicating my idea and opinion with
others in the best possible manner.
It can also be argued that emotional intelligence, leadership and decision-making
contribute in effectiveness of one's role in organization. In simpler words, emotional intelligence
can be termed as the capability of a person to understand emotions and their impact on the
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individuals. In the modern era, communications has become more open in workplace and
therefore, it has become very important for employees to respects each other’s emotions. On the
other side of this, leadership skills are also essential to become successful and effective in an
organization. It is defined as an act of leading individuals and directing their efforts towards
accomplishing goals and objectives of an organization. Leadership helps in motivating people
and encouraging them to give their best towards the success of a business enterprise (Carmeli,
Meitar and Weisberg, 2006). My emotional intelligence will support me in developing
confidence which will further help me in becoming a good leader.
A good leader is always required to take right decision at right time. This supports
organization to achieve its goals and objectives in more effective manner. Personality can be
termed as difference in feeling, thinking and behaviour or individuals. Further, different person
have different type of personality traits which contributes in organization success and their
leadership. Honesty and openness are some of my key personality test which can make me an
effective leaders and can results in accomplishment of organizations aim and objectives.
Leaders also act a representative of the organization and his/her role is to communicate
objective of organization to people living in society. In addition to this, leadership is also
important for developing winning strategies for the businesses. Strong leadership skills help in
enhancing career by providing potential opportunities for growth and development. Other than
this, leadership also supports in developing risk taking abilities in the individuals. This results in
creating different products and dominating the entire marketplace. It can be stated that effective
leaders are the one which can help a business enterprise to gain competitive advantage over other
market players.
Decision making is a very curial part of businesses as effective decision can results in
success whereas ineffective can lead to failure. Action oriented, self interested, pattern
recognition, social harmony and stability are the major bias which impact the decision making
process of individuals. In action oriented bias, people feel pressured before taking any kind of
decisions (Gigerenzer and Gaissmaier, 2011). Furthermore, sometimes individuals become
overconfident at the time of decision making. One of the best solutions to overcome from action
oriented bias is by mapping out all the risk problems and uncertainties associated with decision
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making. Self interested bias people are more interested in themselves rather than taking care of
others.
At the time of making any kind of decision, opinions and views of stakeholders are not
taken into consideration. The best way to overcome this bias is by encouraging views and
suggestions from others and considering the same. In pattern recognition bias, people tend to
provide importance to the events which has happened recently. Furthermore, at the time of
making any decision people consider the events which are highly memorable and neglect the one
which are not memorable. Individuals are required to look events from different perspective
rather than focusing on one single aspect. In social harmony, bias people provide importance to
their own team and leader at the time of making decisions. This mean that other aspects of
organization completely neglected which is not good.
Organizations are required to build diverse team of people to take correct and appropriate
actions. In stability bias, people avoid taking high risks and therefore, take decisions which seem
to be less risky. High degree of gain and innovations are not considered as the part of entire
decision making process. In order to overcome this, bias people are required to take high and
calculative risk which can provide businesses to higher sales and profits.
There are various kinds of strategies which can be used to become more effective leader.
It can be stated that effective leaders are the one which carry out their self assessment at regular
intervals. Furthermore, they develop future plans to capitalize on their strengths and overcome
all weaknesses. This helps them to become more productive and effective while carrying out
their tasks. In addition to this, leaders are also required to become more confident rather than
being arrogant. Strong sense of self confidence helps in encouraging other people in organization
to give their best. In tough situations, leaders are required to be calm and confident so that they
can manage other staff members. Along with this, to become effective leader people are also
required to have abilities such as risk taking and innovations. They need to encourage new and
innovative ideas from other workers and should work upon the same. This results in taking
businesses to new heights of success and achievement.
Other than this, it can be also stated that rather than using one particular style of
leadership, leaders can use different styles based on situations. This is going to support in
developing satisfaction among other employees and result in more effective leadership. People
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are also required to listen others and take care of their need and demand. Usually individuals do
not like leaders which do not take their suggestions and ideas into consideration. Before arriving
to any kind of decision, effective leader encourages ideas and suggestions from their employees.
In addition to this, effective leaders are also capable to making and resisting changes in business
enterprise. During meetings and discussions also such kind of leaders provide people with
chance to speak and the present their ideas. In order to survive in long run, changes at regular
intervals has become must for organization. Furthermore, changes can be made successful only
with the support and assistance of leaders.
It can be also argued that effective leaders are the one which response to need of groups
in quick and best possible manner. Different type of team have different set of opinions and
objectives. For instance some team give more preferences to open communication whereas
others may provide more importance to trust and values. It becomes very difficult for leaders to
develop strong and effective team if they are not aware about the objectives of each and every
member of the team. This also results in lowering down entire productivity of team and creates
dissatisfaction among all members. Good leader always take care and support their team mates in
every situations. In order to become effective leaders, people are required concern about healthy
and safety of all employees. In situations where staff member faces issues and challenges, team
leader guides them to overcome from the same. It can be also argued that good leaders always
initiate for taking responsibility for performance of their team. If employees perform
outstanding, leaders praise them in front of everyone. On the other hand, in case if a worker has
committed any kind of mistake they become responsible for the same and try to bring all things
back on track.
Effective team leaders are the one which handle issues and conflicts among people within
organization in appropriate manner. During the situation of conflicts I always try to listen the
opinion and problem of parties which are involved in the same. On the basis of the same,
effective leader arrives at decision. Furthermore, it can be also argued that leaders needs to be
more practical rather than being emotional. This supports in dealing with issues and challenges
in the best possible manner. Other than this, it can be stated that leaders are the one which
inspires others. Therefore, they need to stay upgraded and skilled so that they can motivate
others. Effective leaders are the one which are very good at building relationship with others.
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Further, they do not restrict themselves to their team members but also develops healthy
relationship with other staff members. In addition to this., effective leaders always try to learn
new things and gain knowledge from others. This means that good leaders are always eager to
enhance their skills and overall productivity by learning from others. On the other side of this, it
can be argued that effective leaders are well aware of goals and objectives of a business
enterprise. Further, they contribute their efforts in developing effective plans which can help
organizations to achieve those goals and objectives. They also play very important role in growth
and success of a business enterprise. It can be stated that without effective leaders, it is very
difficult for organization in sustain in highly competitive market.
In order to become effective decision maker, people are required to take care of various
things. It can be said that during tough situations, it becomes very hard for individuals to take
appropriate decisions which can benefit all. One of the major barriers in effective decision
making is lack of information (Fisher, Turner and Morling, 2009s). People also start thinking
that decision are being made without any basis when adequate information is not available. This
also results in creating dissatisfaction among other members of a business enterprise. People are
required to collected required data from reliable sources in order to become effective decision
maker. Other than this, too much information can also affect the effectiveness of decisions in
negative aspect.
If individuals have too many data available with them then they often gets confused and
are not able to arrive at good decisions. Another way to become effective decision maker is by
investigating the situation in detail (Beach and Connolly, 2005). In situations such as issues or
problem, detail investigation will make people aware about all the fact associated with the
problem. This will result in making the best possible decision which will beneficial for all.
Individuals needs to be more clear about their objectives before rushing into any kind of
decision. Along with this, it can be also stated that people needs to have alternatives or back up
plans in case if their decision gets failed.
I am very good at decision making as I am able to create constructive environment in the
entire organization. It can be argued that decision making becomes very complex when it
includes wide range of people. Therefore, at the time of making decision, creating constructive
environment is my first priority. Along with this, I always ensure the fact that I investigate each
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and every situation in detail before arriving at any decisions. This not only help me to make
effective decision but also support me in creating satisfaction among other. When decision are
taken within organization, it is not necessary that each and every member of organization agree
with the same. Some people are always there which are not comfortable or are in favour of those
decisions. At the time of taking any kind of decisions, I try to ensure the fact that majority of
employees are comfortable with my decisions. On the other side of this, I communicate my
decision to others in the best possible manner.
CONCLUSION
From the above report it can be concluded that individuals are required to take care of
various factors in order to become effective leader and decision maker. Furthermore, it can be
also analysed that personality, emotional intelligence and decision making has a direct impact on
organizational contribution and leadership.
REFERENCES
Books and journals
Beach, L. R. and Connolly, T. (2005). The Psychology of Decision Making: People in
Organizations: People in Organizations. Sage Publications.
Carmeli, A., Meitar, R. and Weisberg, J. (2006). Self-leadership skills and innovative behavior at
work. International Journal of Manpower. 27(1). pp. 75-90.
Fisher, B., Turner, R. K. and Morling, P. (2009). Defining and classifying ecosystem services for
decision making. Ecological economics. 68(3). pp. 643-653.
Gigerenzer, G. and Gaissmaier, W. (2011). Heuristic decision making. Annual review of
psychology. 62. pp. 451-482.
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