Importance of decision making in an organization

Decision making is very important in an organization. Managerial functions for example organizing, planning, controlling, planning, cannot be conducted without the decision making. Through decision making any policy or plan is established. And the basic role of a leader in an organization is depicted as through the execution plans achieve the goals. The role of the leader is also known about the Vision of the Organization and how to acquire the strategy as well as that is going to do that to achieve the goal of the company. As I am going to describe here my own experience of resolving basic as well as complex problem. The basic problem in an organization is the salary of the employee. The employees said that their salary is less than their work. I resolve this issue by increasing their salary and also increase work. As Complex problem is like that organization face a fraud from the employee. To resolve this issue I fired that employee from the company and give lesson to the other employees that not do this same thing again in an organization (Al-Mudimigh & at.al, 2011).

We take the national Bank of Saudi Arabia; there are the four most common problems that facing in national bank. The first problem is that Banks are not making enough money on investment, otherwise return on equity, which require by shareholders. The other problem is expectation of consumer. This becomes the big problem in Saudi that the staff is not providing the good services to the consumers in regards to technology. The other problem in national bank of Saudi Arabia is increasing competition through companies of financial technology. Regulatory pressure is one of the large problems in Saudi national bank. To improve the problems of Saudi bank they should constantly evaluate and enhance the operations of the national bank   (Nafei & at.al, 2012).

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