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Questions and Answers
What is programmed decision making?
What is programmed decision making?
- Routine decision making following established rules. (correct)
- Conducting a retrospective analysis.
- Decision making in response to unusual opportunities.
- A set of feasible alternatives.
What characterizes nonprogrammed decision making?
What characterizes nonprogrammed decision making?
- Routine decisions.
- Decisions made with established rules.
- Made in response to unusual or novel opportunities. (correct)
- Conducting retrospective analysis.
Give an example of nonprogrammed decision making.
Give an example of nonprogrammed decision making.
Entering a new market or launching a new promotional campaign.
What is step 1 of the decision making process?
What is step 1 of the decision making process?
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What is step 2 of the decision making process?
What is step 2 of the decision making process?
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What does step 3 of the decision making process involve?
What does step 3 of the decision making process involve?
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What is step 4 of the decision making process?
What is step 4 of the decision making process?
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What is step 5 of the decision making process?
What is step 5 of the decision making process?
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What is step 6 of the decision making process?
What is step 6 of the decision making process?
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Study Notes
Decision Making Concepts
- Programmed Decision Making: Routine decisions made through established rules or guidelines; apply when situations frequently recur.
- Nonprogrammed Decision Making: Decisions made in response to unique events with no predefined rules; involve unpredictable circumstances.
Examples of Nonprogrammed Decisions
- Entering new markets
- Launching new promotional campaigns
Decision Making Process Steps
- Step 1: Recognize the need for a decision; identifying issues or opportunities is crucial.
- Step 2: Generate alternatives; managers develop a range of feasible actions in response to identified problems or opportunities.
- Step 3: Assess alternatives; evaluating the pros and cons of each option to determine potential effectiveness.
- Step 4: Choose among alternatives; rank options based on assessment to select the most suitable choice.
- Step 5: Implement the chosen alternative; execution involves making numerous related decisions to realize the chosen course of action.
- Step 6: Learn from feedback; retrospective analysis helps managers understand outcomes and improve future decision-making processes.
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