Strategic Decision Making Case Study Example | Topics and Well Written Essays - 2500 words

Strategic Decision Making - Case Study Example There is no better appropriate timing and place other than this kind of TV appearance. Customers eagerly await such announcements when policy changes take place on the aftermath of old guard changing at the helm. The strategic significance of this decision lies in the fact that the new CEO has recognized the relevance and the importance of the TV as a medium of communication to target potential customers who otherwise would be clueless as to the future strategy of CH. Secondly CH has been going through a turbulent period. Thus the TV interview was well timed and is seen as a strategic shift in policy thrust away from what was hitherto practiced under Mr. Khan. Such a strategic initiative with a great zing in it would essentially mean a shift in the corporate strategy and a reorientation in policy in keeping with the vision of the new leadership. Thus on a closer approximation Mr. Kahn had adopted Rational Decision Making Model (RDMM) as his first choice in the process of changing the strategic environment at CH. This is obvious when one looks at the fact that Mr. Kahn had been influenced by a desire to achieve some critical corporate goals though his entrepreneurial leadership style might have acted as a dampener on the subsequent outcomes. There is no gainsaying the fact that RDMM has a number of variants and Mr. Kahn chose to focus on the bounded rationality principle as enunciated by Simon (2000).During Mr. Khan's time the company received ven ture capital support and even got listed on the London Stock Exchange (LSE). These positive developments are essentially associated with the RDMM and therefore it must be noted that his philosophy of managing the hundreds of workforce at CH was essentially based on the staff motivating and innovative management strategies (Hatch, & Schultz, 2008). Thus RDMM was an integral part of the company's overall organizational and management culture. However it must be noted that bounded rationality principle as opposed to the concept of rationality optimization would have predominated at CH despite Mr. Kahn's apparent reluctance to delegate responsibility to the lower layers in the hierarchy.A random analysis would show that Mr. Kahn also applied some intuitive decision making principles though their significance in the context of management at CH cannot be determined now except to identify some traces of organizational culture based on a family-centric system of values and morals. The strat egic management related outcomes of this approach of Mr. Kahn can be seen against the now evolving backdrop of a much vigorous normative work environment under Mr. Bamford. While much of it is purely determined by a great desire to overcome limits associated with irrational human behavior the corresponding level of work efficiency at CH can be attributed to the current leadership style of Mr. Bamford.This has been made public through his interview and its morale-boosting impact on the workforce is quite obvious though only the time will tell as to when and how the workforce would become fully motivated to achieve corporate goals as defined by the strategy. In the first place Simon's bounded rationality model is probably the most preferred by decision makers though Mr. Bamford has adopted much of it to leverage

Leadership and culture Coursework Example | Topics and Well Written Essays - 1000 words

Leadership and culture - Coursework Example These roles may come with challenges. The manner in which leaders overcome these challenges would depend majorly on major traits and philosophies within a given leader. The major concepts of this theory are the personal composition of leader based on their physical appearance and cultural background. These cultures mould a leader and aid him or her in matters decision making and management of a given organization. Leaders aligned to this theory tend to focus more on their intellectual ability to manage a given situation. The most important aspect in this theory is the cognitive ability leader in determining what is essential at any particular period (Northouse, 2010). The leader is guide by principles within a given organization and she or he utilizes them to attain specific goals. A leader under this theory may create his own environment to influence his or her skill or modify existing environments and enable him manage a given organization. There are two major roles of a leader within a given organization. These roles include conflict resolution where the leader is required to guide an organization through challenges (Northouse, 2010). The second role entail mentorship where a leader is required to mentor individuals based on their personality and use their traits to ensure the process is a success. The two roles determine a leader through the trait theory. The theory outlines how leaders are separated through specific characteristics. The theory outlines the nature in which a leader succeeds of a given leader is determine by his or her behaviours. These behaviours are essential in a given organization. The theory organizes leaders into three major categories. The first category identify leaders that aim at gaining control over a given group and that the concrete on an entire organization and uses its structure to plan. The second set of leaders under this theory is those who are interested in the wellbeing of the organization and