All entries for Thursday 24 January 2019

DECISION MAKING

Today's day brought an end to something that I was really excited about. It is about value-elicitation. I had a fair bit of idea about my values but now most importantly, I have the ranking of them on which are the ones that are most important. As a child I was educated in an environment of value creation but little did I know back then the importance of these values in decision making. As a leader of the organisation I have a set of values/template which can help me in making the right decisions. The more these decisions are aligned with my values the more satisfied , well-off and happy I would be. I will develop these personal values further to set them as a basis of my organisational values. The more aligned the leader is to these organisational values the better will be the synergy in the organisation. These personal values can help any leader to develop the desired organisational values. These values can define all the spheres of decision making in the business. A organisation with the values of compassion and respect for the community will not shy away from taking decisions within the organisation such as setting up health and safety mechanisms in the business. On the other hand, an organisation with the value of being the most profitable business will align all its decisions that generate immediate profit building. Having defined the values, it is easier for the employees to understand as well what to expect from the organisation. This can further help to set up the Human Resource strategy of the organisation. It eases up the recruitment process as well. The people applying for the job in the organisation know exactly know whether they want to work in the business looking and interpreting the values of the organisation. Some people enjoy working in the hard core money making businesses such as investment banks whereas other people don't. Adaptability can be a core value of the business. It means whenever business faces a new challenge, all the employees need to develop an acumen where they are able to welcome change and adapt to dynamic business environments. Values can go even one step further in defining the brands. Reliability is a human value but it can also be a brand value. We all know the reliability of NIKE as a shoe brand. Values are a reflection of our personalities , our organisations , our brand value and above all the kind of decisions we will make. Again, the more the decisions are aligned to the values, the more happy a person would be. This has brought a complete circle to my learning in the leadership module. I asked this question what is the right thing to do? I know now what is the right thing to do. Taking the decisions on the basis of my values will always help me figure out the right thing to do.

Saurabh Kukreja : 24 Jan 2019 23:43 |  Tags: Leadership Management Mbe Values |  Comments (0) |  Close comments |  Report a problem