All entries for April 2011
April 24, 2011
The factors that could affect the final decision in any circumstances could also depend on the type of decision maker that is taking the decision. Different people can have different personalities and that can certainily impact the final decision and it can also affect the decision making process. A person having an introvert personality will handle the decision making process differently than the person who is an extrovert. Their personality reflects through their decsion making style and can therefore affect the decision. Because an extrovert will be verbal during meetings with his subordinates and will engage people and like communication to take place in any process whereas an introvert does not like to share ideas right till the very end. There could be decision makers, who are emotional and therefore take into account other people's feelings as well. There are people who are thinkers as well and they monitor everything in great depth and through every aspect. And then there are also people who use their intuition to reach decisions and value their intuitive thinking more than anything else.
So, it is really important to look at the type of decision maker because it is an important aspect regarding the decision making process since it can have different types of implications on the process and can therefore affect the decision.
So, now as we know about different types of decision makers, we can judge where we lie in all of these types and then can adjust our style because it is among the most important activity and responsibility inside an organization. This can surely help us in improving our decision making skills.
Among all the important factors while taking a decision, there are a lot of important factors that need to be considered. A robust decsion is one which is taken by keeping in mind all the possible important issues and consequences in mind. There are different types of decision making styles that a person can have. It certainly affects the decision that he takes. People possesing decision making styles can make different decisions. For example a who is a dictator or practises power, can posses an authoritarian decison making atyle. He can come up with his own decision without even taking anyone's consultations and then impose his orders throughout the organization. People can posses a democratic style of decision making, which takes into account all the stakeholders while taking a decision. That way, it would be a decision reached by consensus within an organization. There are also chances that a decision maker does not love taking risks and does not want to try anything new, so that means he possesses a risk averse style and the opposite could be an adventurous style of decision making.
It is really imporatant to take into consideration, the decision amking styles since they have a great impact on the decisions that are to taken. Although these styles could also have some different drawbacks in some cases but still it is really imporatant to know the style while analyzing a decision because it plays an important role in the decision making process.
Through this module we have been able to know about different types of decision making styles, which will help us in the future because now since we have done a major exercise during the module and also now we have an idea that our decision making style falls under one of these catagories. So, it is imporatant to notice the style in order to adopt appropriate style in a given situation.
Decision making is on of the most important step whether it be any situation or position. In an organizational context it is even more imnportant because in case of large firms and multi-nationals, important decisions have to be taken at the right time, which can have a great impact on firm's image or position. There are a few things that one should keep in mind while taking important decisions. Ther are many things that should be kept in mind for instance the type of decision, heuristics, style of decision making etc. It is really important to first of all analyze that what kind of situation are we facing and then take the decsion accordingly. For instance if we are want to take a decison regarding some day to day processes than we have to take an operational decision. But we really need to be carefull in case of the more important and long term decisions, which are the strategic decisions. So, the thinking process is more intense in these kind of dicisions.
It is really imporatant to follow all these steps while taking decisions within an organization and it is definitely helpful for people to take decisions because there is always a need to solve a problem and tackle a situation according to its importance and intensity. And following that, we also have to consider the heuristics aspect as well as biases that we may face in the decison making process.
It can definitely prove helpful in our future carrier because we have to take important decisions in many diferent situations and this can help as a framework for decision making in the real life problems and situations.
April 09, 2011
On the final day of the KBAM module, Vagelis came up with the idea of establishing a MBE blog/forum, where the MBE people could keep in touch and discuss their issues, when they enter their professional lives. The idea was to help each other with the real life issues and seek each other's guidance. I thought it was a very good idea since it could be really helpful in the future when we enter our professional carrers, it would be really helpful to discuss your real life business issues with your old mates. I strongly support this idea and I think this could work. I would definitely request to take this idea ahead and implement it, so that we all could get benefit in the future. But still this is throughly my personal opinion and the majority should decide whether they want something like that or not.
Friday 8th of April, was maybe the final day with the whole of the MBE-B and almost an end to which has been a great journey and a learning experience. Although, previously I felt that it would be a sigh of relief to get done with the modules but immediately after the end of the session, I felt I am really going to miss all of this. Because for many this would have been just another experience because they have been use to this kind of environment and structure but for me it was a life changing experience. It was really great to meet many good people from different nationalities and work with them. All the people were really humble, passionate and supportive. Now, we have to work individually on our PMAs and dissertation and I am definitely going to miss all the sessions and the group work that we have done in MBE. I wish everyone best of luck for their remaining PMAs and dissertation and would definitely like to know other people’s experiences regarding the MBE journey. See you guys in OPP.
MBE has been a great learning experience and has developed all of us in many aspects of our personalities. At start, many of us were not even familiar with the structure and it was a different experience for all of us but now it is really amazing to see the amount of improvement that we all have had in everything. The latest example is the development and improvement of the presentation skills of people. I personally feel that there has been a huge improvement in the presentation skills of the people and we could all see that at KBAM’s presentations. But there is still some improvement needed regarding the Q&A sessions, as highlighted by Paul. People sometimes feel hesitant to answer the questions from the audience and especially the tutor and I myself have this problem. Although, I still believe that my presentation skills have improved dramatically and I have totally lost the crowd fear that I used to have in the past but there is still room for improvement when it comes to answering question.
This actually shows the importance of the healthy environment that has been created during the sessions, that no one is booed or laughed at during the presentations and that has developed immense confidence in the people including myself, who use to fear presenting more than anything else in this world and I believe that we’ll all improve the small areas for improvement that we still have, with the passage of time. In the end I just want to say “Well Done Guys”.
Intrusion detection system (IDS) is one of the most effective methods for the protection of the important organizational information. It is an application that helps to monitor system activities for the protection of the system from unauthorized access and misuse. It is a very useful application and is used by many organizations worldwide. It was mostly used in large organizations before due to high price and also small organizations not choosing to spend much on system security but now it is also used in small organizations. It is a very efficient tool since password protection and other old techniques are not as effective as they used to be and protect data from theft and misuse. It helps to identify possible issues, monitor the usage of system and report the activities to the security administrators.
So, it is really important since it protects important organizational information and maintains data security and can be used in the future for effective data protection.
In one of the KBAM sessions, we had to play the role of a consultancy to advise the government. The situation was like, the elections were very near and the government wanted to become popular and it also wanted to implement a strategy to reduce global warming. Our task was to help the government to take the right decisions to create awareness among people, reduce global warming through their actions and also increase their popularity for the incoming elections. A wrong decision could also affect all of these factors. It was a pretty unique exercise since we had to take decisions according to our knowledge and some given data and the consequences were very unpredictable. Although, we thought that we were not doing a great job as a group but in the end we got to know that the other groups were struggling as well.
It was a very good exercise since we learned a lot about decision making and also about different techniques and strategies that are being practiced throughout the world for the reduction of global warming and we also got to know that to what extent one's decisions can put an impact on the other's position like in this case was the government.
Situation awareness is about being aware of what is going around. It is the cause of many accidents that happen around us because people are not attentive and don’t observe things happening in their surroundings. There were also a lot of examples given during the session, regarding the situation awareness which showed that how people get into a lot of trouble just because of not being aware of the things happening around them. There are three stages of situation awareness which include gather, interpret and anticipate. They further include errors like memory error, incorrect mental model and anticipation errors etc. So, people don’t pick up the right information and try to come up with their own conclusions. Lot of information and stress can also affect the awareness.
So, the situation awareness is really important since people do human errors because of not being aware of things and fall into great trouble. It is important to be aware of your surroundings and as future leaders, we should try to be develop situation awareness because it is more important for leaders as they have to lead and it is also important for us to develop this into our people.
The structure of KBAM’s presentations was different because for the first time we had been given the role of board of directors for a company. Our duty was to listen to the proposals of the consultancy company regarding our company, ask any questions if we had relating to the proposals and judge the performance. We were given assessment forms to judge the performance of the consultancy company and also rate it in the end and seemed like a real life situation where we had to play the role of board members. Although it was a very difficult task since we had to judge other people’s performance and rate them, which is surely not very easy job and I didn’t enjoy it either but the fact is that we all have to play these kind of roles in the future where we’ll have to judge different people and so we should be ready for that.
It was a really important exercise since we had the chance to judge other’s performance for the first time and it will definitely help us in the future as we will counter these kind of situations and basically this is what MBE is all about, to prepare us for the real life problems and situations that are right at the brink.