Decision Making

What is the decision

I intend to implement an investment decision in my IT company. Lately, the company has been accruing a lot of profits, especially from the advertisement of networks from google. The realized profits can be beneficial to the company if put into different investments. To realize more profits and boost the company’s revenue, I intend to build a new data center. I foresee that after successful completion, the data center can earn profits through the selling of managed services and offer network services to other companies at a fee.

Are you seeking to maximize or satisfice with this decision?

 I intend to satisfice my investment decision to meet the intended objective. Through Satisficing, I will maximize all the available inputs and, through the help of other stakeholders in the company, integrate all the resources to have the data center completed within the stipulated deadline.

Is this category I or II decision?

            Investment is a category II decision. Category II decisions are non-routine decisions that have uncertain outcomes (Elbanna et al., 2020). In investment, the outcome expected is not predictable as losses or profits can be realized.

Which Perspective best describes this decision      

            An investment decision integrates an interrelationship perspective. Many variables and forces influence investment in an organization. Stakeholder’s opinion needs to be sought before making an investment decision. Additionally, different management functions must be sought before making the decision.

Stakeholders Affected by Investment Decision

            An investment decision affects, and it is also affected by different stakeholders. The company will require extra funds to have the data center completed. Donors will evaluate the project regularly to ascertain whether the project is in line with the set objectives. Using its personnel, the government will conduct an environmental impact assessment to ensure that the environment is protected during construction. Other stakeholders will include creditors from banks, project managers, the team members who will be directly involved in construction.

Method of Communication

             I will adopt a circle communication method. The circle communication method is very critical in decision-making. It results in a high level of satisfaction since it builds relationships and unity in an organization. Through this communication model, all team members will be informed about the investment decision and present their opinions. This will enhance the fulfillment of the decision since communication is afforded around the whole organization parameter.

The discipline Relied

            I will primarily employ a quantitative discipline in my investment decision. I will mostly rely on measurable inputs and base my decision on the financial statements released, such as the profit and loss statements. These statements will provide information regarding all the companies expenses that will offer a projection of whether loss or profit will be realized after investment.

The model of Decision Making

            I will employ a rational decision-making model in my investment decision. The rational model adopts a prescriptive approach to achieve the intended outcomes (McFall, 2015). Through a rational model, I will define my investment criterion and its importance, generate possible alternatives in case of failure of the adopted investment, evaluate the other options and finally determine the best option that will enhance maximization of profits.

The Power Position Held

             I will hold a tertiary level of management when making an investment decision. Being one of the top- levels managers, I will be responsible for laying objectives and setting broad policies regarding investment decisions. Additionally, I will issue necessary instructions regarding budgets, schedules to be adopted, and all the procedures to be followed throughout the investment process. Generally, I will be involved with the control and overstory roles of the entire investment decision.

How Gender Influenced the Decision Making  Being a female will impact my investment decision. I will majorly concentrate on resources and inputs with minimal or no risks to avoid generating huge losses. I  will avoid risky speculation and focus more on resources to minimize the losses to generate more income