While working s manager, we have to take many decision based on situation, circumstances, culture, pressure from bosses to excel, focusing on the profitability, risk of propensity, potential for dissonance, escalation of commitment, and group based decisions. At my workplace, I had to take decision based on propensity of risk. Many times, I hold the rooms and sold it at last moment. Most of the time it was paid, because it resulted in rich dividends. I increased the profitability of the hotel business. My approach was coupled with risk when owner of property wanted me to take cautionary approach. I took risk and sold rooms at higher prices at the last moment. I increased the revenue, profitability and overall ADR of the rooms. On the other side, I went through the sales data of the previous years, and after conducting proper analysis, I did marketing for the rooms on weekdays. It resulted in great strategy. Decision based on propensity for risk, and decision based on previous records are helpful in delineating information and making decision based on the data. Data driven decision are stimulating companies to formulate decisions and work accordingly(Schumann,Furman & Shooter,2010).

Do you agree with the post above? why?