The Intuition Of Decision Making In A Small Business

1132 Words 5 Pages
In our everyday lives we are faced with many decisions to make every single day whether we are aware of them or not. Some may be minor decisions that whichever path you choose to take will not affect your future while other decisions in your life may be major ones that will affect your future depending on the route you choose to take with the decision. Every decisions you make whether you realize it or not goes through a decision making process. Some decisions take a very short amount of thought into the decision making process while other, more extensive decisions, take longer more thought out processes. Decisions can be made through either an intuitive or reasoned process, or a combination of the two. Intuition is the ability to have …show more content…
Whether they be minor or major just like the decisions we have to make in our daily lives. The process of those decisions made by owners, CEOs (Chief Executive Officer), presidents, vice presidents, COOs (Chief Operating Officer), or any level of manager slightly differs than a decision made outside of a business atmosphere. Even a low level supervisor makes several decisions in a work day, and with some companies, decision making is encouraged among workers on the line. Unlike CEOs and managers of large companies, the small business owner is largely responsible for the ultimate outcome of all decisions with regard to her/his company. For a small business owner, each individual decision regarding the workforce will have much more impact than on a large company. Long-term strategic decisions, like increasing or cutting back the company 's workforce, can make or break the …show more content…
Modern small businesses can benefit from the input of their employees in decision making. Especially in small companies input on decisions can improve morale. Employee involvement exists in organizations that intentionally establish work cultures, systems and processes to encourage and make use of employee input and feedback. Involving employees more in decision making has become more common as companies see benefits in keeping employees at all levels actively engaged in core activities. However there are advantages and disadvantages of getting input from your

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