Modern Management Follows Up Question Wk 3

            I agree on moral justice and practical approaches help in solving issues in an organization thus achieving efficiency. This is because the moral approach allows an individual to work m based on his or her own liberty of making a decision. The justice approach helps in providing guidance to an individual in order to work as required because it enables them to identify what is the right thing to do and the process of making a decision is therefore based on the professional standards. In addition, the approach helps one in evaluating the outcomes of their decisions and how the decisions might impact the objectives of the organization. I, therefore, agree that a practical approach is essential in solving long-term issues in the organization like inventory theft as this may reduce the corporation’s performance. Additionally, I agree that the major issue faced by entrepreneurs is hiring of skilled expertise in order to provide better services.  This at times proves to bear challenge as the corporation requires large finances to sustain the workers (Wang, 2010).

            Managerial groups are likely to make advanced and beneficial decisions than individualized decisions. This is because the decisions that are made in groups are more evaluated which helps in eliminating issues (Wang, 2010). In addition, the decisions are more likely to increase production because they are based on different ideas of the involved individuals.  The individual decision is likely to be founded on self-interest and therefore they may not yield desired results in the future.  For instance, manager should consider group decision in the case where the decision process is aimed to affect all the employees and the stakeholders (Wang, 2010). This decision involves making changes to the values and principles of the organization which may thus require distinct perspective from different managerial expertise’s in order for the decision to be successful.

            Reference

Wang, C. (2010). Managerial decision making and leadership: The essential pocket strategy        book. San Francisco: Jossey-Bass.