Employee engagement is crucial for effective corporate decision making Essay

Employee engagement is crucial for effective corporate decision making - Essay Example Effective and efficient decision making in a company will enhance a perfect maximization of profits. A poor one, on the other hand, is not flexible to change especially technological changes, in a business corporation. The inefficiency of a poor decision-making by the managerial teams may lead to the decline of the company. This may be because of the poor relationship between the employer and the employees thus resulting into lack of responsibility towards the production of the final products. In the decision making process, the managers choose a perfect course of action from some of the few observable ones. The Lenovo and Samsung Companies have adopted this system of decision-making process towards acquiring a perfect product for competition. Employees’ Engagement in Corporate Decision-Making The Lenovo and Samsung Companies indulge in a more competitive market environment. Their decision-making processes are, therefore, very considerate especially in the managerial decision- making. This has seen these companies at the top of their game due to the well-organised decision-making process. Decision-making processes, in these companies, range from the product promotion, customer relation and to the employee-employer relationship. In addition, when it comes to the employee-employee relations, the companies have adopted a perfect system since this is the ultimate goal of any given business corporate. The brands of products produced by the Lenovo and Samsung companies are as well not affected by the market segmentations. Concept of Corporate Decision-Making A perfect corporate decision-making is a significant aspect towards achieving a healthy competitive marketing environment by a company (Salman, 2001 p201). Pricing, as an example of a decision making process, has made Lenovo as a multinational company acquire a greater status in the technological field. This company adopted one of the most appropriate pricing strategies, which has increased its customerâ₠¬â„¢s loyalty that has led to increased demand of their products globally due to their affordable nature (Bevans, 2007 p142). This, in addition, has maximised the profit maximization limits of the Lenovo Company. In the technology market, Lenovo has been viewed as one of the fast moving globally operating companies (Akwetey, 2011 p123). Samsung, on the other hand, has also adopted a flexible decision-making process in its marketing strategies (Mylanas & Hodges, 2007 p154). Samsung’s products are also affordable in most marketing environment. Over the last decades, Samsung has been able to acquire a good number of customers in spite of the stiff competition in the technological marketing environment. The Effectiveness of Corporate Decision-Making Businesses that handgrip their decisions in a well-organised manner just as these two companies will always be at an upper hand towards achieving a perfect financial status. Financial superiority, as an aspect of decision-making, is o ne of the key goals of a corporate decision making (Ling, 2006 p121). The entrepreneurs, therefore, engage in the decision-making system by considering financial status acquaintances as the driving factors. Another key aspect of an effective decision-making process is the motivation of employees in the workplace. Motivation of workers in the organisation is also a key role of decision-making (Mauboussin, 2021 p253). Various businesses have undergone