Decision Making and Procrastination
Decision Making and Procrastination
Evidence suggests that procrastination has its negative and positive impacts towards decision making in an organization. In most organizations, some employees engage in non essential tasks that affect decision making positively or negatively. One of the common procrastinating activities is checking e-mails when required to engage in sound decision making strategy. With procrastination, individuals tend to post pone certain decision making until later due to certain reasons.
Although the procrastinator may engage in activities that affect progress of any decision making process, he, or she convinces that the activity conducted is vital compared to the actual decision making. This is a common challenge that has been affecting organizations for long. Evidence shows that procrastinators do whatever they feel is worth in order to procrastinate the situation, (Peteraf, 2011).
In reality, procrastination is the aspect where priority decisions undergo postponing for minor decisions that in some instances help the company. There are times when procrastination becomes useful in decision making process of the company. Evidence suggests that postponing decisions help create an environment where uncertainties are reduced. Doing things in the last minutes may affect the situation, and at the same time help the situation realize desired outcomes.
The risk of fear has been the main causes of procrastination that make individuals complete a lot of tasks at once without concentrating with the main idea. A company may wait for prices to go up but instead go down. This is a good example of decisions that an organization may have made late decision and get things affected. When doing procrastination, an organization may determine the situation so as to develop the best idea that should not affect the organization, (Proctor, 2009).
Innovation-based Strategy vs. Speed-based Strategy
Evidence shows that innovation based strategies help most organizations strive and survive in the current world of business operations. In order to fight competition in the right direction, research shows that an organization must engage in innovation. It must also enter into the innovation process in order to develop ways of reducing cost of production and at the same time enter into the market segment. Innovation based strategy uses sequential and based on system in developing decisions for the company.
It is one of the ideal methods that most companies use in developing their decisions. When dealing with innovation based strategy, the first thing is to create or develop the idea them strategies on how to implement it follows. Implementation and evaluation of the entire situation comes after the idea has been identified and developed. Evidence shows that decision making process under innovation based strategy has a long impact towards organization development, (Naylor & Vernon, 2011).
Speed based strategy is used by organization when entering the competition and marketing situations. Most companies that want to achieve immediate results commonly use speed based strategy simply because it provides desirable results as compared to other strategies. Decision making in this situation does not undergo several steps and basically focus on the current situation of the organization. Fast speed is the key concern when developing decisions under speed based strategy. Evidence suggests that the success of whatever decision the company makes depend on the timing made to implement the strategy to the market. The decision must be right in the first time when the strategy is developed, (Hamel, 2006).
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