Decision making and the Effect of Employee Participation in Decision-making on Business Performance: A literature Review
Tarbai, Gilbert Kipkemboi (2018)
Tarbai, Gilbert Kipkemboi
2018
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019082017909
https://urn.fi/URN:NBN:fi:amk-2019082017909
Tiivistelmä
Small and medium sized enterprises (SMEs) have the ability to create employment, fix poverty, foster economic growth, and to reduce income disparity in developing countries. Their success, though, is hinged on their proper management. A cornerstone of all managerial functions is decision-making, an aspect that refers to the action of making a given choice when presented with a host of alternatives. While decision-making in business seems simple at face value, it involves several intricate interactions that require making a host of considerations. Businesses that need to gain strategic advantage over their competitors therefore need to hone their decision making skills.As regards the decision-making issue, there is inconclusively on whether involvement of employees in decision making positively impacts business performance or not. Employee participation in decision-making is viewed as a process that grants employees the latitude to exert meaningful influence over decisions concerning their work, their working conditions, the business directions among other decision-making instances in a business. Clarifying various issues regarding the above subjects is of essence if I want to bolster my business acumen and ensure that my business, a second-hand farm machinery company, thrives on the extremely competitive market.
As such, this study was conducted in a bid to determine the various constructs of decision-making while assessing the influence that participatory decision-making (PDM) has on the performance of an organization.
To elaborate on the various constructs of decision making as well as to identify the impact of PDM on an organization’s performance, a multitier search for literature from online business literature journals and databases as well as books was conducted. The key resource for this compilation was Shapira’s book on Organizational decision making. On ascertaining the validity and reliability of the various resources, a synthesis and compilation of data was conducted. This offered clarity on a number of issues concerning decision-making. The positive impact that PDM has on the performance of organizations was also identified.
As such, this study was conducted in a bid to determine the various constructs of decision-making while assessing the influence that participatory decision-making (PDM) has on the performance of an organization.
To elaborate on the various constructs of decision making as well as to identify the impact of PDM on an organization’s performance, a multitier search for literature from online business literature journals and databases as well as books was conducted. The key resource for this compilation was Shapira’s book on Organizational decision making. On ascertaining the validity and reliability of the various resources, a synthesis and compilation of data was conducted. This offered clarity on a number of issues concerning decision-making. The positive impact that PDM has on the performance of organizations was also identified.