To evaluate the economic efficiency of management decisions, the following methods are used:
Cost reduction method for development and implementation of RM . The basis for the assessment is pre-established standards that set the permissible resource costs when implementing a management decision.
Method of evaluation based on the final results of the implementation of the management system . This method involves calculating the overall effectiveness of the adopted management decision and the subsequent allocation of a fixed component for detailed analysis.
A method for comparing the effectiveness of different management decision options through indirect indicators . The main idea of the method is to compare the economic results of different management decisions under identical implementation conditions.
An evaluation method based on changes jordan phone data in economic results . The quantitative increase in indicators achieved in the process of implementing a management decision is the basis for evaluating its economic effect.
How to improve the efficiency of management decisions
Don't forget to follow the rules:
All decisions involve spending money
Every management decision can be translated into a financial equivalent. Although this does not always reflect real income, the success of the decision directly affects the growth or decline of profits.
Money serves as a universal measure for evaluation and comparison. For example, when deciding to hire a new employee, you can calculate his salary and estimate the expected benefit for the company. If the result is positive and significant, the decision in favor of hiring is obvious.
What matters most is the end result, not following habits.
Have you ever thought that frequent statements like “I’ve always done it this way and I won’t change it” are a warning sign? If you hear this often from employees, it means that the company is stuck in a routine and needs to urgently change course.
What matters most is the end result, not following habits.
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Success is only possible if you are focused on the end result, ready to learn and master new methods.
For example, when a new CRM system is needed to improve the work of a department, and employees do not want to use it because of their habit of using the old one, it is important to convincingly demonstrate its benefits. You will have to prove how the system will help increase the company's profits and simplify processes for the employees themselves.
There is no way to avoid making a decision
This principle is based on the fact that the absence of a solution leads to stagnation and procrastination.
For example, when an employee is working on a task and is unsure about the next step, the ideal option would be to discuss the situation with colleagues or management and make a decision. However, sometimes the employee may simply stop and hope that the solution will come by itself, which leads to delays and wasted time.
There are also opposite situations: an employee wants to consult, but the manager is not available due to being busy. Therefore, it is important to establish a rule that if it is not possible to get advice from the manager during the day, the employee has the right to make a decision independently.
Errors in decisions
It's okay to make mistakes. Mistakes help develop courage and independence, and they also lead to decisions being more balanced and well-founded.
Errors in decisions