Business administration - Program Capstone Essay

Business administration - Program Capstone - Essay Example Moreover, a manager must specify objectives and prioritize interests, values, concerns and aspirations. Also a manager, who is aware of both short-term and long-term implications of a decision and have a 360 degree approach, makes better decisions (George, 2000). In order to achieve desirable results and better decision making, a manager must identify the purpose of decision and clarify all the uncertainties involved. The amount of risk that a situation at hand can tolerate must be carefully evaluated. Multiple ideas must be generated and a manager should not adopt a particular perspective, desisting a multidimensional approach of making better decisions. Perhaps the most crucial aspect of making better decisions is reviewing the steps and looking for the implications of it in order to revise them and take corrective actions. In the realm of decision making, assumptions are accepted cause and effect relationships that provides basis for actions and create useful what if scenarios to simulate different realities or possible situations (Facione,2007). However, they can be dangerous when accepted as realities without proper investigations. With respect to assumptions, the firm I worked with had its own perceptions of issues.