Analyze the following article | Business & Finance homework help
Main Concept: Leadership and Decision Making
Situations That Arise in the Case:
1. Leaders need to make difficult decisions that may be unpopular with their team.
2. Leaders must weigh the risks of making a decision against its potential benefits.
3. Leaders must consider external factors, such as public opinion and the impact on stakeholders, when making decisions.
4. Cultural or political issues can add complexity to decision-making processes, requiring careful consideration by leaders.
5. Prioritizing tasks and resources is often necessary for successful decision-making processes in uncertain times or conditions.
1. Researching past data to help inform decisions and understanding potential risks associated with various paths forward would help leaders make more informed decisions that better serve their teams’ goals and objectives.
2. Seeking input from team members before making a final decision can be beneficial, especially during times of uncertainty when there are multiple options available or many unknowns exist around an issue or situation at hand.; this can also help build trust between leaders and followers by allowing everyone’s voice have a chance to be heard in an open dialogue exchange prior to any final action being taken by the leader(s).