3. When should we use group decision making and when should we use individual decision making?
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A: In Violation of the operating Agreement
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- Discuss the different roles played by the qualititative and quantitiative approaches to managrial decision making. Why it is important for a manager or decision maker to have a good understanding of both of these approaches to decision making?Explain one (1) barrier in decision-making and provide (1) suggestion for overcoming this barrier.How can decision theory be used to improve strategic decision-making in organizations, and Q what are some of the challenges that decision-makers face when applying decision theory in practice?
- 1. Explain what is meant by the term decision model. 2. Distinguish between qualitative and quantitative decision analyses. 3. Choose an organization and a particular decision situation. 4. Then give examples, using that context, of each step in the decision-making process described in this session.What is meant by decision making? Explain decision making criteria with relative example?According to this case study, what are the CEO bias's (i.e., anchoring bias, overconfidence bias, etc) that may have entered the decision making process?
- Explain the steps of decision-making process using an example. What is the difference between rational decision making, bounded rationality and intuitive decision making?1. What are some of the factors that enabled to Jen Rubio and Stephanie Korey to make good decisionswhen they established their luggage company, Away?2. What are the two systems that the brain uses in decision-making? How are they related to programmedand nonprogrammed decisions?3. What is a heuristic, and when would it be appropriate to use a heuristic for decision-making?4. What is confirmation bias? Explain how it can be a barrier to effective decision-making.5. What is a logical fallacy?6. What are the two types of conflict? Which one is constructive, and which is destructive?7. What are the steps in the decision-making process? Which ones do people tend to skip or spendinsufficient time on?8. What can individuals do to improve the quality of their decision-making?9. What can groups or group leaders do to improve the quality of group decision-making?10. What are the benefits of decision-making in a group, instead of individually?1/- what are the Decision Models? How do the decision models aid, hinder this process and why? 2/- What other decision models are being considered and why?
