Management 201 Exam III chpt 10
Terms
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- a simple, routine matter for which a manger has an established decision rule
- programmed decision
- a new complex decision that requires a creative solution
- non programmed decision
-
Decision making model where:
1. The outcome will be completely rational
2. The decision maker uses a consistent system of preferences to choose the best alternative
3. The decision maker is aware of all alternatives
4. The decision maker - rational model
-
Decision making model where
you select the first alternative that is satisfactory (good enough) because the costs in time and effort are too great
and then you Take shortcuts in decision making that save mental activity - bounded rationality model
-
Decision Model in which you:
-Examine the facts
and details
-What alternatives
do the facts Suggest?
-Analyze the
alternatives Objectively?
-Weigh the impact
It will have on those involved? - Z model
- Marston’s ______theory offers a way of understanding and appreciating differences among individuals
-
Directing
Influencing
Supportive
Contemplative - When Managers tend to choose options that entail fewer risks and less uncertainty
- Risk Aversion
- a positive force that occurs in groups when group members stimulate new solutions to problems through the process of mutual influence and encouragement in the group
- synergy
- simple rules used to determine final group decisions
- social decision schemes
- a deterioration of mental efficiency, reality testing, and moral judgment resulting from in-group pressures
- Group Think
- advantages to Group decision making
-
1 more knowledge through pooling of group resources
2. increased acceptance and commitment due to voice in decisions
3. greater understanding due to
involvement in decision stages