The participative form of real time management decision-making involves active involvement of a group in planning and its execution. In this method, decisions are made using the information that the group creates. This is done by allowing members of the group to actively participate in decision-making, sharing ideas, forming alliances and planning strategies. The concept of participative decision making was first developed by David Cooper and Paul Lora in their book Real Time Management: An Organizational Analysis. They used it in their book Strategic Planning: A Review of theories, Models, and Theory.
The idea behind it is simple: the group members can be involved in making the decisions. It may sound simple but many times people find it very difficult to put into practice what they have learned. Sometimes, the whole idea of participative Decision Making feels overwhelming or out of place in the chaotic world of business. This is the case even if the group has come up with good plans.
On the other hand, this decision making process has benefits and allows for flexibility when facing certain problems. To take an example, suppose there is a deadline for a project. Team members may not all get on board the same day. In order for the project to be completed within the deadline, a group can make a decision together and incorporate their various options. The team members can then make a decision and split up the work so that no one person is burdened too much and the project gets done on time.
This is just one illustration of real time management. There are many more instances where it can be applied. In fact, these days, many companies have started incorporating participative decision making in their structure of management.
The basic idea behind management decision-making is to empower the team members to take ownership of their jobs. In doing so, they are able to understand the direction of the company and align themselves with the goals. Also, since the members are empowered, they are able to bring something new to the table and contribute to its development. As such, they increase the overall value of the business. This leads to the ultimate benefit – increased profitability.
The best way to understand real time management is to put yourself in the shoes of your customers. What do you want from your own company? Do you want to know what the best practices are? Would you be happy to learn how to make your company more profitable?
Real time management is thus about identifying problems and finding a solution. It is not about assigning responsibilities or tasks. This type of management encourages involvement of individuals in the planning process so that they can feel that they are a part of the decision making. This also fosters team spirit because team members know that they are all equally important. When problems arise, solutions are also developed quickly. In fact, they often emerge simultaneously.
Real-time decision-making is therefore a tool that enables people to become better team players. It empowers each individual to be an effective team player and to help and support each other in making decisions. With this empowerment, individuals are better able to make informed decisions. They can work together in a unified way. They will then be more satisfied with the results and be willing to contribute towards achieving company goals and objectives. This ultimately leads to excellence at work and creates long term career opportunities.
Real time management decision-making is therefore a very important aspect of management and its effectiveness depends on how well people are able to use the tools. The better the team members are at using decision-making tools, the higher their performance at work. For managers, this ultimately means a raise in their salary and job satisfaction. When decisions are made, there is greater emphasis being put on results and fewer on the emotions. This helps employees become happier and engaged in their jobs.
Managers can make it easier for their teams to get the job done. In addition, decisions are made much more rapidly, which increases efficiency. If you are looking for real time management, you must therefore find out what the best practices are. There are many websites that have excellent advice on how to use these tools to the advantage of your organization. You can read a lot of books and articles and get advice from people who have been successful in the field.
It takes more than just having the right people in place in order to have good management. It also takes real time management. You need to make the best use of all resources available to you. This way, you will be able to handle every aspect of your organization efficiently and you will increase your profits.