38 Questions
What concept refers to the idea that humans are limited in their ability to process all information necessary for optimal decision-making?
Bounded rationality
In traditional organizations, what decision-making practice was observed according to early studies mentioned in the text?
Incrementalism
Which approach to management decision-making is emphasized in the discussed chapter?
Contingent approach
What term is used in the text to describe decision outcomes that are not optimal but acceptable?
Satisficing
Which Soft Systems Methodologies modes are focused on in the discussed chapter?
Mode 1 and mode 2
According to Lindblom (1959), what is the practice observed in decision making in traditional organizations?
'Muddling through'
What did the concept of 'bounded rationality' introduce in the understanding of human decision-making?
Cognitive limitations
What aspect is emphasized as valuable in the decision-making process according to the discussed chapter?
'Human input'
What is the main focus of the satisficing view in decision making?
Accepting decisions that are good enough based on historical patterns
According to Cohen, March, and Olson's 'Garbage Can' model, what type of decisions are expected outcomes in organizational decision making?
Satisficing decisions
Why are satisficing decisions considered the expected outcome in organizations?
As a result of organizational risk aversion
What does 'muddling through' decision making rely on?
Using existing organizational knowledge
Which phrase best describes 'logical incrementalism' in decision making?
Gradual and goal-oriented progress
What additional goal was assigned to 'muddling through' to improve the decision-making process?
'Muddling through' optimization
What is the main focus of Chapter 5 in 'Decision Making in Management'?
Developing models with qualitative methods
In 'Decision Making in Management', what does the term 'irrationality' refer to?
Management of human decision values
'Neo-functionalism' and 'logical incrementalism' are terms primarily associated with which type of decisions?
Political integration decisions
What does the text suggest has weakened as managers rely more on statistical relationships of data?
Role of qualitative data
Why do public institutions and organizations tend to muddle through using knowledge of similar problems?
'Muddling through' simplicity desired
Which chapters in 'Decision Making in Management' are specifically concerned with 'irrational' models of decision making?
Chapters 2, 3, and 4
What is the primary concern when incorporating human input into the decision-making process according to the text?
Individual level of analysis
Which of the following best describes the approach to decision making discussed in Chapter 5?
'Rational and 'irrational' models approach
'Decision Making in Management' shifts focus to 'irrational' models to emphasize the management of:
Human decision values
'Decision Making in Management' chapters 6 and 7 address human input at what levels of analysis?
'Irrational' and individual levels
What are the three stages in the three phase model of decision making discussed in the text?
Problem identification, solution development, solution selection
Why is the three phase model of decision making considered more realistic according to the text?
It recognizes that decisions are often satisficing rather than optimizing
What aspect does the three phase model of decision making allow for consideration according to the text?
Ethics and risk along with strategic context and goals
How does the three phase model differ from normative frameworks like RAT models?
It provides a structure without proposing normative frameworks
In what way does organizational hierarchy impact decision making models according to the text?
It requires delayering to improve decision-making efficiency
What is a common attribute of decision making in smaller organizations as per the text?
'Firefighting' decision making being their norm
What characteristic distinguishes the Monte Carlo Simulation from other approaches to decision making?
It assigns weightings to potential outcomes based on randomness.
How does the Monte Carlo Simulation allow managers to make recommended decisions?
By generating random numbers for input and output and simulating many times.
Which aspect of strategic decision making involves considering the subjective construction of individual reality?
Cognitive aspect
In the context of Monte Carlo Simulation, what do the random numbers assigned to cash flow possibilities represent?
Forecast probability
What type of patterns does the Monte Carlo Simulation avoid when making recommendations?
Both success and failure patterns in the environment
How does the Monte Carlo Simulation determine the more likely combinations of cash flow?
By repeating simulations with generated random numbers
What method does the Monte Carlo Simulation use to make recommended decisions?
'Cash in' and 'cash out' inputs and outputs
Which school of thought of strategy emphasizes the subjective construction of individual reality in decision making?
'Cognitive School'
Explore Cohen, March and Olson’s 'Garbage Can' model of decision making in organizations, emphasizing the satisficing view and historical patterns influencing preferred outcomes.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
