Why is decision making often described as the essence of a manager’s job? Is there a difference between wrong decisions & bad decision? Why do good managers sometimes make wrong decision? Bad decision? How can managers improve their decision-making skills

Why is decision making often described as the essence of a manager’s job? Is there a difference between wrong decisions & bad decision? Why do good managers sometimes make wrong decision? Bad decision? How can managers improve their decision-making skills

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter9: Managerial Decision Making

Section: Chapter Questions

Problem 2OTJVC

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Why is decision making often described as the essence of a manager’s job?
Is there a difference between wrong decisions & bad decision?
Why do good managers sometimes make wrong decision? Bad decision?
How can managers improve their decision-making skills?

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What are some of the factors that enabled to Jen Rubio and Stephanie Korey to make good decisions when they established their luggage company, Away?
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 skills
1. What are structured, unstructured, and semistructured decisions? Provide an example of each. Why is it important to understand the structure of decision-making when solving business problems?
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?
What are the four personal decision styles used by managers? What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniques.
Considering the different approaches to decision making, why are managers often unable to anticipate difficulties before they become problems? How could this issue be addressed?
1) What are the key decisions that Andrew Mason has made during Groupon's brief history? How have these decisions influenced Groupon's evolution as an Internet-based business? 2) How can I describe the decisions identified in my previous questions ask in terms of programmed and non programmed decision making? 3) How can I describe the decisions in terms of the rational, bounded rationality, and garbage can models of decision making? 4) How, if at all, has creativity and intuition played a role in the decisions to found and rapidly expand Groupon? 5) Suppose i think the market for group-based online coupons has great potential, and you desire to enter the competitive fray, what factors would i consider in deciding whether to come a Groupon competitor?
Herbert 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?