The Importance Of Decision Making In Business Life

This chapter made me reflect on the decisions that I make on a daily basis, as well as the decisions I will have to make when I enter the business world. Even though I don’t notice it, my mind goes through different processes every time I make a decision. I also subconsciously take myself through a processing model every time I need to accomplish something. On a more personal level, I set critical success factors, or goals, for myself and key performance indicators to help achieve those goals. Once I enter the business world, being an efficient and effective worker will be vital if I want to move up the ladder in a company. Because I want to be a CPA, having outstanding analytical capabilities will also be essential. Decision-making drives …show more content…
The first is to get perfect grades. Some key performance indicators to see if I am achieve that goal is attendance grades. It is tough to get perfect grades if you don’t show up to class every day, so that is the most important KPI for me. Another KPI for that critical success factor is never missing an assignment deadline. Receiving a zero on an assignment will almost always result in not getting perfect grades. Outside of school, I have a CSF of being an outstanding teammate. Just like getting perfect grades, being an outstanding teammate take commitment. Being on time and not missing practice are key performance indicators of how good of a teammate I am. I understand that CSFs and KPIs are usually meant for companies, but I think they can also relate to individual’s daily life …show more content…
I know that when I am first hired I will be towards the bottom of the CPA firm. I aspire to be an owner or partner of a firm, and this chapter showed me great ways to get promoted in my job. An important part about being an accountant is being extremely effective and efficient. People make a lot of mistakes when keeping accounting books, so I need to be efficient and effective when finding those mistakes. Numbers don’t lie, and if I am completing audits without any mistakes in the shortest amount of time, my employer will easily see that my billable hours far exceed my actual hours. Once I am an employer of a firm, I will need to have outstanding analytical capabilities, so I know how my firm is performing. Utilizing digital dashboards will allow me to see the information that I want to see as quickly as possible. Managers have to make a high amount of decisions on a daily basis. If I do not have to spend time finding statistics on my employee’s performance, I can spend more time doing more important things, like improving my short game in golf. Time is extremely important. It will be the key to me moving up in the world, and essential if I want to stay at the top. Making tough decisions will never go away, but I can learn different techniques and processes to help me make the quickest, best