Managerial Decision Making Concepts

What was the main reason for the bookstore manager's lackluster Book Day sales?

Which decision-making bias is exemplified by the bookstore manager's continued refusal to partner with other schools for Book Days despite the initial negative experience?

How does the illusion of control affect decision-making?

Which of the following is NOT a characteristic of escalating commitment as described in the text?

The text suggests that top managers are particularly susceptible to the illusion of control. Why is this?

What is a potential consequence of escalating commitment?

What percentage of mergers and acquisitions are considered failures?

What does the text suggest that managers should do when faced with a failing project?

What is a primary characteristic of groupthink in decision making?

Which of the following decisions is an example of groupthink leading to flawed outcomes?

What role does a devil's advocate play in the decision-making process?

How do pressures for agreement within a group affect individual contributions?

What is the main purpose of dialectical inquiry in decision making?

What outcome can result from failing to recognize cognitive biases in a group decision process?

What emotional basis can often underlie commitment in decision making during groupthink?

Which of the following best describes a consequence of the groupthink phenomenon?

What should top managers emphasize to foster creative solutions in their teams?

How can organizations encourage frontline employees to share creative ideas?

What is a key feature of brainstorming sessions?

What is 'piggybacking' in the context of brainstorming?

What is one of the benefits of using group problem-solving techniques in organizations?

Which of the following is NOT a characteristic of successful idea generation in groups?

What role do ceremonies and rewards play in an innovative organization?

What is a potential emotional response associated with being creative in the workplace?

What is one significant advantage of group decision making?

Which of the following is a disadvantage of group decision making?

What can improve group decision making?

What is the primary role of a product champion in an organization?

How does group decision making affect the probability of successful implementation of a decision?

How does intrapreneurship impact organizational learning?

What common challenge do groups face in coming to decisions?

According to Audrey Sherman, what is a key factor for successful intrapreneurship?

Which scenario best exemplifies groupthink in decision making?

Why might managers work together to expose their decision-making weaknesses?

What is the purpose of skunkworks in an organization?

What advantage does 3M offer its managers to promote intrapreneurship?

What is a beneficial outcome of group decision making regarding information?

Which of the following describes a characteristic of a product champion?

What mindset does Audrey Sherman suggest for recognizing innovation opportunities?

How can organizations enhance their ability to provide improved goods and services?

In the context of decision making, what does the term "nonprogrammed decision making" refer to?

What is the primary reason why managers have to be cautious about overconfidence in their decisions, according to the passage?

Which of the following situations best exemplifies nonprogrammed decision making?

According to the passage, what are the primary difficulties posed by nonprogrammed decision making, as opposed to programmed decision making?

The passage mentions that the classical model of decision making is "prescriptive." What does "prescriptive" mean in this context?

According to the passage, what is the purpose of the classical and administrative decision-making models?

Which of the following is NOT mentioned as a characteristic of nonprogrammed decision making?

What conclusion can be drawn from the passage about the role of intuition in decision making?