The main aim of any organization is to achieve Profits. And, in order to achieve those, you need to layout objectives for every business process/situation. These business processes can be Hiring, Exit, Performance Evaluation, Training and Development. If not, these can even be investment decisions. The majority of managers in the organizations take business decisions intuitively under time pressure, some constraints, or sometimes based on changing situations. The reason why objective based decision making in organizations is more important because it is more focused and firmer, not intuitive which increases the odds of success of the business processes.

Apparently, the objective is SMART.

Your objective needs to be specific and not vague. The one you can measure and achieve. The expectations must be realistic and time-bound which will help you to organize, plan the process on-time with increased effectiveness and productivity.

Let’s take some steps back and go to the memory lane of our childhood. School/colleges judged our performances based on marks/grades we scored in the series of exams and practicals. This made the processes of passing/failing/promoting students very easy. Wasn’t it? This process is an example of objective-based decision making.

Similarly, the objective based decision making in organizations is important and a must to follow to achieve the goals.

So, are you following Objective Based Decision Making Approach? If not start from today.

Question Yourself!

Q) Is your organization following an objective-based decision-making approach?
Q) Which business processes have you defined based on objectives in your organization?
Q) What are the problems you have encountered by not following the objective-based decision-making approach?
Q) How has objective-based decision making helped you in your organization to achieve its end goals?

Feel free to write to me. It will be thrilling to know your experiences…!!!