Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 2.1, Problem 2CC
How is managerial decision-making different from a multiple-choice test?
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Chapter 2 Solutions
Principles of Management
Ch. 2.1 - What challenges does New Belgium Brewery face in...Ch. 2.1 - Can you think of any other examples of companies...Ch. 2.1 - Would you like to work for an organization that is...Ch. 2.1 - What are some positive outcomes of decision-making...Ch. 2.1 - How is managerial decision-making different from a...Ch. 2.1 - In addition to the owners of a business, who are...Ch. 2.2 - Explain the two systems used by the brain in...Ch. 2.2 - What is emotional intelligence, and why is it...Ch. 2.3 - Give an example of a programmed decision that a...Ch. 2.3 - Give an example of a nonprogrammed decision.
Ch. 2.3 - What are heuristics, and when are they helpful?Ch. 2.3 - How are programmed and nonprogrammed decisions...Ch. 2.4 - Do you think a culture focused on learning makes...Ch. 2.4 - What are the advantages of a culture that...Ch. 2.4 - The job of CEO means making big decisions that...Ch. 2.4 - Explain the concept of confirmation bias.Ch. 2.4 - List and describe at least three barriers to...Ch. 2.4 - When is conflict beneficial, and when is it...Ch. 2.5 - If you were faced with an ethical dilemma, from...Ch. 2.5 - Describe some decisions that might be good for an...Ch. 2.5 - What factors would you take into consideration if...Ch. 2.5 - Explain what satisficing is and when it may be a...Ch. 2.5 - What are the six steps in the decision-making...Ch. 2.5 - What are the four steps involved in ethical...Ch. 2.6 - Explain why group decision-making can be more...Ch. 2.6 - What are some things that can prevent groups from...Ch. 2.6 - As a manager, what can you do to enhance the...Ch. 2 - What are some of the factors that enabled to Jen...Ch. 2 - What are the two systems that the brain uses in...Ch. 2 - What is a heuristic, and when would it be...Ch. 2 - What is confirmation bias? Explain how it can be a...Ch. 2 - What is a logical fallacy?Ch. 2 - What are the two types of conflict? Which one is...Ch. 2 - What are the steps in the decision-making process?...Ch. 2 - What can individuals do to improve the quality of...Ch. 2 - What can groups or group leaders do to improve the...Ch. 2 - What are the benefits of decision-making in a...Ch. 2 - Why do you think vinyl records are appealing to...Ch. 2 - Do you think the sales growth will continue to be...Ch. 2 - What research would you want to conduct prior to...
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Similar questions
- Explain,, How can participative management be effectively integrated into hierarchical organizational structures, and what strategies can organizations employ to bridge the gap between top-down decision-making and employee involvement?arrow_forwardIs it possible to make sound managerial decisions without business research? What advantages does research offer to the decision maker over seat-of-the-pants decision making?arrow_forwardHow can participative management be effectively integrated into hierarchical organizational structures, and what strategies can organizations employ to bridge the gap between top-down decision-making and employee involvement?arrow_forward
- Managerial decision making is an important process in organizations. For this week discussion, list and discuss any two kinds of decisions that private- and public-sector managers face. What is the problem the manager faces? Who is the decision maker? What is the decision setting or context, and how does it influence managerial objectives of the organization?arrow_forwardAccording to this case study, what are the CEO bias's that may have entered the decision making process?arrow_forwardHow does effective decision-making contribute to managerial success, and what factors should managers consider when making important business decisions?arrow_forward
- what is the difference between performance management and evidence-based management? please provide one example of each type of management >? please define incrementalism and explain how it explains organizational decision-making?arrow_forwardCan intuition and evidence-based decision making coexist as valid approaches within an organization? How might managers combine their intuition with a rational, data-driven, evidence-based approach?arrow_forwardWhat emerging business trends can have the greatest impact on management strategies and decision-making processes in the next five years?arrow_forward
- What is the everyday life of a manager/leader like - their decision-making environment? What are the decision conditions like? What kinds of issues are faced? What are the bases (approaches/frameworks/etc.) that managers actually used to make business / personal decisions? What's an appropriate decision-making process to deal with these complexities?arrow_forwardwhich theory says that Managers should make decisions that pay attention to the interests of customers, employees and comminuty? a. Shareholder theory b. Stakeholder theory c. Sociology theory d. Economic theoryarrow_forwardWhat 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.arrow_forward
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