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Making smart decisions

broker30347317.jpgA manager is required to make a number of tough decisions. The position as a manager is one of the most coveted positions in many companies. A manager not only oversees employees, they are in charge of making sure the business is running smoothly. There will be a number of different questions you will face as a manager. You will have regular discussions about hiring new employees, opening a new location, creating new products, and how to get the most bang for your buck. The trick is learning how to make smart decisions that will lead your company into the future and have your employees loving you all along the way.

There are three basic types of decisions you will be faced with as a business manager; tactical decisions, operational decisions and strategic decisions. Tactical decisions involve the small decisions you make that moderately impact the company. These decisions are generally small and less important. Strategic decisions are directly related to the business. Making these decisions normally affects the future of the business and how successful it can become. Then you have operational decisions. Every manager will deal with operational decisions as they are the day-to-day decisions that keep the company running.

Taking too long to make a decision can quickly dry up money and tie up valuable resources but making a decision on a whim can also dry up money and cause a handful of problems. Each decision you make will involve some type of risk but this is a risk you need to learn how to take if you want to keep your job and be successful.

Not every decision you make is going to be popular with your staff and not every decision is going to be right. This is a big part of learning and growing as a manager as you need to prove yourself to the company and your employees. When you make a bad decision, you must find a way out of the mess you created. If you can successfully do this, your employees will follow you wherever you go because they know you can bounce right back from any type of hardship.

There are some simple steps to follow when you are trying to make smart decisions:
1. Establish the overall objectives of the business
2. Identify the problem at hand and thoroughly analyze it
3. Do your research and try to gather as much information about the problem so you can find a way to solve it.
4. Look over all the possible consequences of the decision so you have a back-up plan in case you make the wrong decision.
5. Make the decision and stand behind it and then put it into effect. You need to show your employees that you are confident in your ability to make smart decisions and you are unwilling to let a few bumps in the road shake your confidence.
6. Once the decision has been put into effect, you need to look back on the entire process and evaluate whether or not you made the right decision.

Every manager is different and they will each be faced with a number of different decisions they need to make. You must consider how the decisions you make effect your employees and customers. Sometimes managers get so caught up in saving money and how good something looks on paper that they do not follow through with the impact their decision will make. Smart decision making comes from managers that are human, not just machines filling the role that the company has asked. Be personable with your staff and learn how to take criticism because as a manager, you will get a lot of it!

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