MBA 765 – Reflections on Module 2 Concepts

What are some of the most critical decisions leaders must make during the closure stage of the organizational lifecycle?

Probably the biggest issue is more around the timing of the decision and not the decision itself. There are many decisions to be made… financial solvency, human resource headcounts, marketing, and liquidation are just some of the areas that will need addressed. The big question comes back to when is the time right to close things down. Jump at the decision too early and a rejuvenation opportunity may be missed. Make the decision too late and the repercussions could be much larger than if the decision was made at the correct time.

Under what conditions do rational logical decision making methods appear to work best?

Rational logical decisions seem to work best when there are solid factors to utilize. These decisions are usually around financial implications or number driven decisions. When definitive answers can be derived from the data presented, a rational approach is best.

Under what circumstances do more intuitive approaches work best?

When people and emotions are involved, an intuitive approach may often be best. There has yet to be an “intellignce” created that will mimic the dynamic human psyche. People understand people… the data does not always understand the human-factor. When a person has first-hand knowledge of an industry or the needs of the people in that industry, his or her intuitive approach may best serve the company when making a decision.

Which of the tools presented in the module has a particular appeal to you? Why?

The balance sheet is quite similar to tools I already use. I will frequently use a pro/con T-chart when looking at decisions. The balance decision sheet just adds additional criteria and depth to this T-chart. It allows more expansion on the details of why a solution may or may not be best.

How might you apply the tools presented during the module to a situation that you are now facing at work? At home?

The fishbone diagram has a lot of potential merit in helping explore all areas of a problem and identifying possible overlooked issues. I will probably begin to utilize it in some form as I move forward in business. As mentioned previously, the balance decision tool will also add to what I already utilize.

November 18, 2007 | Filed Under MBA 765 

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