Write a memo describing how to make right business decisions for Essay

Write a memo describing how to make objurgate business decisions for ripened managers - taste ExampleTiming this is one of the most important aspects in decision making. No matter how right a decision may seem to be if its timing was ravish, then the decision is also wrong to the extent of its wrong timing (Zarat, 2008). An example is timing when investing in the stock market. The simple mold known by all is buy low, sell high. This not withstanding, many still cast off the point and majority loses a great deal basically due to wrong timing. Prices for stock discount be low but that does not necessarily mean it is the right time to buy that crabby stock. The same case applies where prices are high where this also does not imply it is the right time to sell. This is more(prenominal) of a norm rather than the rule. This scenario also applies elsewhere.Tailoring under this criterion the fundamental reality of situations and dower is that no single one is identical to the oth er. This thence calls for senior managers to make decisions that serve the uniqueness of for each one situation. Lack of tailoring in making decisions is tantamount to absent mindedness thus bad decisions made.History decisions and their outcomes fall apart a hint on how successful a decision can be. Looking back to alike decisions made in similar circumstances is therefore important to foretell the likely outcome. A senior manager should therefore make decisions basing this on history of similar approaches success or failure of others.Hoch (2004) says that in order to ensure that a good decision is made all the above have to lap together since each situation needs its good timing, it is unique in its own sense therefore the need to have the decision tailored to fit its uniqueness and its history should be sort to predict success.When I was an employee at one of petroleum companies the branch manager then was faced with a looming shortage from the headquarters out of nationa l oil crisis. He made