Effective Decision Making Strategies

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18 Questions

What is a common problem associated with decision evaluation, as mentioned in the text?

Confirmation bias

What is a strategy mentioned to improve decision evaluation?

Change the decision maker

What effect can lead to escalation of commitment in decision-making?

Self-justification effect

How do employees at Bluedrop Training and Simulation foster creativity?

Engaging in divergent thinking during shopping trips

What is one of the ways suggested to prevent escalation of commitment in decision-making?

Creating a stop-loss

Which factor can lead to underestimating the negative outcomes of a preferred choice?

Self-justification effect

What is the main characteristic of rational choice decision making?

Using logic and all available information

Why do people sometimes not apply rational choice decision making?

Reliance on emotions and intuition

In decision making, what is the role of employee involvement?

It can be influenced by workplace conditions

What are the benefits of employee involvement in decision making?

Better decision commitment

What are the contingencies that affect the optimal level of employee involvement?

Employee characteristics, workplace conditions, specific activities, and decision structure

Why is historical data not always sufficient for rational choice decision making?

It may not account for current contextual factors

In the context of decision structure, when is less employee involvement typically advisable?

For programmed decisions

What is a key factor that influences the level of decision commitment according to the text?

Employee involvement in decision-making

When should there be more employee involvement in decision-making according to the text?

When employees can't agree on a preferred solution

What is a critical source of decision knowledge that influences the level of employee involvement?

When employees have useful knowledge

How does decision structure impact the level of employee involvement?

Higher involvement for programmed decisions

What factor typically leads to lower employee involvement according to the text?

Conflict between employee goals and organizational goals

Learn about effective strategies for making decisions such as systematically evaluating alternatives, revisiting decisions later, and scenario planning. Understand decision evaluation problems like confirmation bias, underweighting negative outcomes, and escalation of commitment.

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