As technology continues to alter interactions in the workplace, B-schools are hurrying to keep pace with the resulting changes One such change is the spotlight on soft skills. MBAs have started prioritizing crucial soft skills in their curriculum which have increasingly become just as important for workplace efficiency— the most important one being decision-making.
Traditional MBA programs have long emphasized decision-making; however, online and alternate MBAs have also followed suit recently. In this article, you’ll discover how online and alternate MBA programs improve your decision-making skills and why they’re so valuable at work.
What is Decision-Making and How an Online MBA helps you master it
Some experts say good decision-making is a learned instinct or “gut feeling.” They believe it blends analytical abilities with extensive experience to generate insights or spot patterns others would miss.
Decision-making is treated as science by management programs. They impart strategies that have been tested through empirical research and put a lot of emphasis on preparing graduates to make confident, evidence-based decisions.
To hone your decision-making skills, online and alternate MBA focus on the following aspects:
Problem-solving abilities are crucial for making decisions at work. To identify a solution, people need to understand the problem and the various options they’re presented with. The crux of decision making is the careful identification and evaluation of alternatives which can only be achieved through problem solving skills.
People with high emotional intelligence are better at managing their emotions in trying circumstances. This skill set enables them to become great managers who enable communication, facilitate constructive dialogue and foster an atmosphere where each person is acknowledged.
Critical Thinking Skills
Decision-making requires critical thinking abilities with extensive investigation and reflection on previous situations. It allows decisions to be guided by experience, observation and interrogation. This skill set enables people to reduce the likelihood of mistakes, making them great managers who get desired outcomes on any project.
Decision-making thrives with skills that motivate people to lead groups toward a common goal. This is where leadership skills empower decision-making. Leadership skills encourages people to put in extra effort and accomplish objectives while strengthening their decision-making.
Decision-making requires creativity to empower innovation in leaders. It enables them to recognize the best solution, even when it’s not immediately apparent. This allows people to explore more possibilities and has a wider range of options available for them to choose from when making the final decision. This makes creative people ideal for solving issues that won’t just have an obvious single solution, such as problems that are acute and won’t need to be repeated.
Creativity also helps the flow of ideas come forth. Creative people are already used to exploring many ideas at the same time, and they will be able to intuit the best approach to a situation while considering the alternatives in the same stroke.
Why is decision-making important at work?
Depending on their roles and responsibilities, every employee is given a particular task and a measure of success. There are usually several ways to complete a task to get the desired outcome, but not all solutions are practical. While some are affordable, some take more time; some need more people. That’s why decision-making is a crucial skill.
Good decision-making saves time and resources. It improves your productivity, prevents mistakes and averts risks. Here are some other benefits of decision-making at the workplace:
Decision-making helps employees understand a leader’s position, role and behavior. With clear decision-making, a team will have fewer conflicts. When a leader makes a sound decision, their good judgment is highlighted in the process, which helps them earn the employee’s trust. In fact, it wouldn’t bet too far-fetched to say that decision-making can make or break a leader.
Good decision-making helps people weigh the advantages and disadvantages of any situation. It determines how quickly a task can be accomplished and how the overall productivity of an organization will increase as a result.
Online MBA and decision-making
As decision-making is such a foundational skill for leaders in every industry, it has become a significant focus in online MBA programs. However, not everyone has the luxury of pursuing a full-time online program. Fortunately, there are alternatives, and Harappa School of Leadership’s Accelerated Management Program happens to be the fastest and most influential of them all.
With the AMP you will learn how to:
- Identify a situation: To improve your decision-making, AMP will help you identify and analyze the issue. By defining the scenario, you can better understand why a particular decision is necessary. Think about the decision’s immediate and long-term repercussions before making it.
- Gather relevant information: The course helps you to concentrate on acquiring all necessary data before deciding. This can include details from your observations, investigations, or research. Good decision-makers rely less on gut feelings and more on evidence and facts. It aids in preventing biases in the making of decisions.
- Investigate potential solutions: It focuses on creating a record of all possible solutions before deciding. Making the best choice for a situation is ensured by listing all the potential solutions. List all the potential solutions in front of your team members at a meeting to involve them in the decision-making process.
To top all of that, AMP is a 100% live program with webinars, workshops with industry leaders, one-on-one coaching, and an assured placement.
To learn more about the AMP application process, click here https://hsol.education/accelerated-management-program/
Himali Singh is a seasoned writer with extensive experience crafting communication for a variety of industries. She is an avid reader and loves learning about new media and innovative content strategies.