Which of these always results in bad or unfavorable outcomes? A-None of these B-Bad Decisions C-Good Decisions D-Naïve Decisions
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- 28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the aboveThe fact that almost everything a manager does involves making decisions doesmean that decisions are always time-consuming, complex, or evident to an outsideobserver Select one: True False1. 'Statistically we expect that good decisions will lead to favourable outcomes more often than will either poor decisions, or decisions reached by default. In a sense, this is a statement of faith on which all Examination questions and answer notes 337 rational approaches to human affairs are based' (Amara and Lipinski). Discuss this statement, and assess the value of the analytical decision approach as an operational tool of management decisionmaking..
- a) Why is decision making often described as the essence of a manager’s job? b) Is there a difference between wrong decisions & bad decision?Why do good managers sometimes make wrong decision? Bad decision? c)How can managers improve their decision-making skillsHerbert Simon (cited in Certo & Certo (2014) questioned the ability of managers to make rational decisions. In his opinion, managers are not able to make perfectly rational decisions. a. Do you agree? Why/Why not? b. Secondly, it is often said that managers often make decisions without all the necessary information. Why is this so?True or false .5. There is no good-for-all basis for decision-making.
- Which one of the following options is not considered as a key factor for making good decisions when there is a conflict of interest? a. Negligence b. Objectivity c. Impartiality d. FairnessThere are many examples of organizations that made decisions based on the analysis of data that was not properly prepared. 1. Identify an instance of this happening and share it with the class. 2. Discuss others' examples with suggestions of how data preparation might have helped the organization avoid problematic analysis and decision-making later on.25 Rules, policy and procedures are examples of A) programmed decisions B) nonprogrammed decisions C)unstructured problems D) structured problems E) none of the above
- Option D is inccorect! please help In the managerial hierarchy of decision making, _______ is depicted at the top-most level because it occurs first. A. tactics B. iterative planning C. implementation D. strategyScenario 1Use the five-step decision-making process to analyse the following situation and recommend acourse of action: You are in charge of granting all computer hardware service contracts for your employer, which areworth more than $30 million annually. You casually indicated that you were seeking to buy a new carand that you particularly liked the Audi automobile but that it was very expensive in recent emailswith the company's current service provider. You are taken aback when the service provider texts youthe phone number of the sales manager at a nearby Audi dealership and advises you to call him. Theservice provider claims that because of his close friendship with the dealership's owner, he will be ableto offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if yourmanager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe?How would you respond?Positive thinking is defined as a mental attitude or world view of optimism that interprets situations and events as being the best. Positive thinking has been used in various management and organizational behavior context; and the general idea is to accept positive thinking as being good. The main idea of positive thinking is that one must banish negative thoughts. Only positive thinking should be pursued and implemented. But questions arise whether this positive thinking is really beneficial. How does positive thinking would lead to sub optimal decision making process in the context of non-programmed decision making?