Decision Making Process Overview

Which of the following is TRUE about problem identification?

What should Arnold, the CEO, do first when sales of high-end units decline?

If bus ridership has fallen for three weeks, what is this considered?

What is the next step in the decision-making process after identifying a problem?

What are decision criteria?

When introducing a new product, Belinda has chosen to focus on target market size, production costs, and net profits. These are Belinda's...

Amanda's need for flexible work hours and telecommuting represents her...

When choosing a college, Max's desire for an accredited liberal arts college with financial aid represents his...

What is the next step after identifying the decision criteria?

When Bryan prioritizes quality over price and price over lead times for a new lighting fixture supplier, he is...

Creativity is most important in which step of the decision-making process?

Carla is searching the internet for Himalayan salt suppliers. Carla is in which step of the decision-making process?

When Joe's team brainstormed ideas to prevent crane crashes, they completed which step?

Comparing prices, quality, and delivery times for Himalayan salt suppliers is which step?

To help Carla choose a supplier, she should...

When Abby chose to drive and carry an umbrella based on the weather report, she...

In the decision-making process, what happens when implementing an alternative?

What is crucial for effective implementation?

Before implementing a decision, it is prudent to...

What is the final step in the decision-making process?

Why is it important to evaluate the results of Joe's team's solution to prevent crane crashes?

The decision-making process begins by identifying decision criteria.

A decision criterion defines what is important or relevant to resolving a problem.

In the decision-making process, after allocating weights to decision criteria, the decision maker lists viable alternatives that could resolve the problem.

Once the alternatives to solving a problem have been identified, the next step in the decision-making process is selecting one of these alternatives.

Implementing an alternative refers to the process of choosing the best alternative.

What are the 8 steps in the decision-making process?

What is assumed when managers make logical and consistent choices to maximize value?

When Dylan uses rational decision making to choose a candidate, he will...

Which of the following is assumed about a rational decision maker?

What concept is followed when managers make decisions that are rational but limited by their ability to process information?

Managers are expected to use rational decision-making when making decisions.

Distinguish between rational decision making and bounded rationality.

Intuition is essentially making a decision based on feelings.

Escalation of commitment is always a negative characteristic of decision making.

Evidence-based management relies solely on factual data and does not incorporate human judgment.

What are the 4 ways managers make decisions?

The first step in the decision-making process is identifying a problem.

When is it recommended to use a more structured decision-making process?

Using intuition in decision making should be avoided in most situations.

Evidence-based management is a relatively new approach to decision making.

What are some common decision-making biases?

It's important for decision makers to be aware of cultural differences when making decisions that impact people from different cultures.

Organizations should embrace the concept of 'groupthink' to foster harmony among employees.

The decision-making process is a linear process that must be completed in a specific order.

Describe 'escalation of commitment' and provide an example.

Managers who have a high tolerance for ambiguity are better equipped to make decisions in uncertain environments.

What is evidence based management and why is it important?

When is the best time to use intuition in decision-making?

Decision-making styles are influenced by personal values and preferences.

Which of the following is NOT a common decision-making bias?

The decision-making process can be improved with experience and practice.

The decision-making process is the same for all types of decisions, from small, routine tasks to large strategic initiatives.

What is important to consider when making decisions in diverse work environments?

Decision-making is a skill that is not critical to the success of managers.

Decision-making is a linear process that must be followed step by step.

Decision-making is influenced by both individual factors and the organizational context.

It's always better to make a decision quickly than to take time to gather more information and consider all options.

The decision-making process is a solitary activity best left to managers.

Decision-making is an art, not a science.

How can decision-making skills be improved?

Ethical considerations should be ignored in the pursuit of efficient decision-making.

Managers who are able to quickly adapt their decision-making approach will be more successful in today's fast-changing environment.