Factors make decisions

Posted by Imam Larh on Thursday, 15 March 2018

Making a decision in a business or a business is not an easy task. In making decisions, an entrepreneur needs to pay attention to factors that can influence the decisions he/she makes.

1) Person factor
In making decisions, it is necessary to consider and consider the people who will feel the problem, as a result of the decision.

2) Psychological factors
In making decisions, an entrepreneur needs to pay attention and consider psychological factors, both tastes and feelings, such as emotions, thoughts, feelings, disappointments, and other psychological influences.

3) Physical factors
Making decisions is mental work. Therefore, in making decisions, need to be transferred toward physical activity.

4) Targeted factors
In making a decision, an Entrepreneur should pay attention and encourage the direction of business or business in order to achieve the target set.

5) Time factor.
In making decisions, effective and efficient time should be sufficient to analyze the data and problems.

6) Implementation factor
The execution factor is a follow-up to every decision taken. Furthermore, it should be remembered that any decision will lead to a series of actions in making decisions.

Decision-making in business life is not so easy. Every alternative in the decision-making factor that is intended for all parties to be satisfied, of course, there are advantages and disadvantages. However, an experienced Entrepreneur must have the courage to make and make a decision the right, thorough, and fast.

Consideration of making business decisions Considerations in making decisions, based on several things as follows.
1) A decision to be taken
Decisions to be taken must be considered objectively. Things to consider in making decisions include:

  1. The benefits
  2. Implementation
  3. It's people
2) Actions
The actions in taking and making the right and accurate decisions are as follows:
a) Assessing the data
In assessing the data, an Entrepreneur must be familiar with the issues or issues to be decided, such as:
  1. Looking for the main cause of the problem
  2. Choosing the right data
  3. Choosing the right data
b) Selecting data
Selecting data is an important step in making decisions. Selected data is applied to various expected and faced problem-solving alternatives, such as:
  1. Seeking the main problem cause
  2. Think about the possibility to solve the problem or find a way out.
  3. Formulate factors that relate to each other.
c) Selected consequences
The consequences of choice in making decisions are:
  1. The effort to assess each option
  2. Attempt to predict what happens when one of the alternatives is implemented.
d) Implementation actionThe act of execution in the decision is an attempt to have an action that has been determined by one of the options such as:
  1. Establish steps in action.
  2. Thought steps to implement the decisions taken
  3. Make a final decision Although in the knowledge of management there is the subject of "problem identification, problem-solving and decision making", but courage to make decisions, depends on the personal nature of each Entrepreneur. An Entrepreneur must always say to himself, must be able to take decisions in determining his business. God will always be with them as long as Entrepreneurs are willing to work with the spirit of a high work ethic.
  4. If you are able to make decisions within reasonable time limits, you will be able to take advantage at times of business opportunities arise
  5. The more experienced in decision making, the greater the confidence in himself and the more oriented his actions.
Decision-making is one of the key functions of success in business management. Today, the decision-making process for both the state and the commercial or business is widely studied. Why? Because they think that the decision process is very unique and closely related to the success of business or business. 

A right decision, growing and evolving from the conflict of opinion and alternative that compete. In the decision-making process, doubt and disagreement are actually needed, as they are useful for:
  • Stimulate the power of the imagination to get the right answer to a problem.
  • Enrich alternatives to create more robust decisions.
  • Allows shared acceptance of decisions to be taken.
Decisions on concrete issues are not so difficult to take. The considerations that are held revolve around the problem of acting or not acting by taking into account the profit and loss. In order for an Entrepreneur to be able to make effective and efficient decisions, he must have some requirements, as follows.
  • Skills in leadership
  • Managerial skills
  • Skill in socializing.
Various kinds of decisions
According to the field, in business or business, there are several types of decisions as follows.
a. Production decisions Production decisions relate to:
1) The extent of the company
2) The layout of the company
3) Company location
4) Production methods
5) Payment of salary or wages
6) Marketing and engineering research
7) Practice buying and selling
8) Inspection of supervision
9) Amount of inventory

b. Sales decision
Sales decisions relate to:
1) Locations of sales offices
2) Marketing research
3) Marketing channels
4) The type and extent of the billboard
5) Method of sales field
6) Packing products
7) Use of trademarks
8) Product pricing
9) Promotion and distribution

c. Capital Decision
Capital Decision related to:
1) Capital structure
2) New capital venture
3) Credit terms
4) The plan of capital again
5) Liquidation
6) Dividend payment
7) Number of manpower and working hours
8) Determination of exploitation costs.
9) Office procedures.
10) Fusion of business or business

Decisions taken by an Entrepreneur, should not be solely based on acclimation. An effective and efficient Entrepreneur can make the best decisions when based on conflicting opinions, and dialogue between different views. 

Once a decision is ready to be made, and all alternatives have been assessed, and the risk of profit has been taken into consideration, then it is uplifting to decide a goal.
  1. True and effective decisions are based solely on the desires, tastes, and nature of the decision maker's subjectivity.
  2. Personality and Attitudes Entrepreneurs in implementing a decision can affect business results. Once a decision has been made, do not hesitate to carry it out.
  3. Ducking in making decisions is worse than making the wrong decision.
Basis and technique of making business decisions
Basic and decision-making techniques are as follows:
a. Intuition
Intuitive decision making is a decision-making based on the feelings of the person making the decision. This is usually influenced by knowledge, exercises, and experience. The benefits of intuitive decision making are:
  1. Decisions can be changed quickly
  2. Preferred the most important
  3. A capability is used to make it
b. Fact
Factual decision making is the making the best and most convincing decision so the people
who feel the consequences of the decision can not argue decisions made. As for the facts:
  1. It should be done as well as possible
  2. Need to be thoroughly investigated
  3. Need to be classified appropriately
  4. It needs to be interpreted with caution
c. Experience
In making decisions, it is important to consider past events. Because experience will provide clues for decision makers. This experience is a teacher who will provide guidance, as well as guidance on how an Entrepreneur should make decisions, to be obeyed and implemented as appropriate. 

The experience of an Entrepreneur must make decisions, to be obeyed and implemented as appropriate. The experience of an entrepreneur in managing his business, among others:
  1. Experience of attitude or value
  2. Experience in the form of knowledge
  3. Skill experience
d. Skills
A skilled entrepreneur will be able to control his desires and will toward the achievement of goals. Of course skill can not be obtained by itself without any effort. There are some things that need to be underlined in the business or business, which will train the skills to lead yourself and can make a decision with the following way.

1) Know yourself
Self-knowledge is a difficult job, because it involves a person's judgment of his personality. But by knowing yourself, it will be easy to make a decision.

2) Train the will
Practicing willpower will produce a strong will to try to achieve the goal of life. With a willingness, an Entrepreneur will be able to determine his decision.

3) Train discipline
Hard work and responsibility to train entrepreneurs to be able to develop themselves to know themselves, so as to make good decisions. For that, training discipline on self, will be able to lead self-behavior. 

Entrepreneurs in practice, will always act in an orderly and responsible manner in determining the problem and decision-making, based on relevant sources of information and reliable data as needed. With the discipline, Entrepreneurship will be able to determine a good decision and can be accepted by all parties.

4) Authority (power)
The decision of an authority is very dependent on the side of the leadership itself. In general, most decision-making is based on the authority of the decision maker.

c. Summary
The success of an Entrepreneur in the business, depends on the ability to make decisions that increase the business kemampulabaan in the future. The ability to make decisions can be gained from years of experience. However, in practice there must be errors, which must be quickly realized and taken corrective action.

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