Decision-Making, Corporate Social Responsibility, and Greiner’s Organisational Growth Model

ORGANIZATIONAL MANAGEMENTby (Name)
Class (Course)Professor (Tutor)School (University)City and State Date
Question 1
Decision-making is the process of making a choice between two or more options after evaluating the pros and cons of various choices. According to Ejimabo (2015), decision-making is the process of responding to a problem by looking for and selecting a valuable solution for organizational stakeholders. Ejimabo’s (2015) definition was simplified by Fast & Joshi (2014) who defined decision-making as the process of identifying and solving organizational problems. Every organization needs good-decision making to achieve desired outcomes. It is the fundamental activity of the management and all levels of organizational structure (Ferrell & Fraedrich, 2021). The quality of the decisions and how they are made highly depends on the management. Decisions reflect the management’s success and failure.
The decisions made also determine the rise of decline of the organization. Quality decisions, when executed appropriately, enables the organization to realign and reposition to better fit in the environment where it operates (Flores-Garcia et al., 2021). Accordingly, successful decision-making allows the organization to maintain a competitive position, survive threats and challenges, align internal operations with external environment, and remain productive in the industry (Kourdi, 2015). Conversely, poorly made decisions can cause speedy business failure, large economic losses, and corporate embarrassment. Since good decisions are effective for corporate health and success, every organization must strive to ensure its leaders are excellent decision-makers.
Decision-making is important because it leads to better utilization of resources. The best and maximum use of physical and human production resources significantly relies on the effectiveness of the decision-making (Sniazhko, 2019). If the decisions are useful and practical, it would be quite easier to maximum exploration of the resources and reduce the leakages. In other words, good decisions enables managers to utilize the available resources such as time, money, assets, and personnel appropriately to reduce waste and maximize outcomes (Sinnaiah et al., 2023). However, poor decision-making leads to wastage of resources, inducing higher costs for a project.
Decision-making also promotes business growth. Good decision-making saves the organization huge amounts of money and time (Rouhani et al.,2016). This leads to more efficient work processes from the team. Ineffective decision-making wastes a lot of time and saps employee motivation. The more the organization saves time and money by making correct decisions, the more opportunities for growth (Lehnert et al., 2015). Quick and correct decisions can also result in effective utilization of resources and help the organization to achieve its objectives. All these benefits result in business growth. Nonetheless, ill-informed business decisions can result in detrimental challenges that can stunt organizational growth. Wrong, slow decisions can cause losses and industrial sickness.
Another benefit of decision-making is that it enables the organization to achieve business goals and objectives. Rationa...