How do successful managers make decisions today?

1.0 Introduction It is a common understanding that a manager's role is to manage. But how do they manage in today's rapidly changing world? How do they resolve problems that they have never faced before? Can managers still apply the rational analysis, the management theory, the problem solving and decision-making methods into practice? To answer the above questions, we need to understand the meaning of management, the characteristic of today's organizational life, and the relation between …

…it means of any event, and by comparing against past experience and mistakes, deriving qualitative values from past experience to model future decisions and action. In order to make effective decisions, successful managers need to learn from past experience, mistakes, to know "when to bail, to think broadly and deeply about problems rather than going with a superficial understanding and a first response, to build collective intuition and to engage in constructive conflict."(Daft, 2001 P.293)