We all make a variety of decisions on a daily basis, whether in our personal lives or in our careers, and good decisions can be the building blocks for career success. When working toward an MBA, students learn how to sharpen their decision-making skills.
Managers make decisions in their quest to find solutions that benefit the company and the people they manage. Companies set ethical standards, usually based on their mission statement, and they expect managers to abide by these standards when making decisions. Strong leaders are adept at solving problems within a company’s ethical framework. They use good judgment to consider various scenarios and weigh the pros and cons of each. Managers who understand the impact of their decisions on company performance are a step ahead.
The business world has changed significantly in recent years, with employers considering corporate social responsibility (CSR) crucial for decision-making. Educational institutions are responding to this trend by developing ethics-focused curricula. The Economist states, “Business schools now see it as their responsibility to teach their MBAs how to navigate ethical dilemmas when making big decisions.”
Most of us tend to get better at decision-making with age and experience. Earning an MBA helps students sharpen business decision-making skills by giving them opportunities to learn from professors with extensive real-world experience. This preparation in the MBA program readies them for the challenges they’ll face in managerial and leadership roles. Students in the Southern Illinois University Edwardsville (SIUE) online MBA program focuses on this topic throughout the program, and the first course in the curriculum for online students is MBA 522: Decision Making in Organizations.
Learn more about SIUE’s online MBA in Management program.
Sources:
Chron: Decision Making in Business Ethics
The Economist: Management Education and Ethics: Greed Is No Longer Good
