Management
12th Edition
ISBN: 9781305393462
Author: DAFT, Richard L.
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 3OTJVC
Summary Introduction
To determine:
How would you categorize "getting feedback" based on decision making techniques and why is feedback important in decision making?
Concept Introduction:
In the modern economic context, decision making is seen as a vital factor that determines the effectiveness of the organization to drive and step forward. It is highly necessary to focus and organize the decision-making process to bring out effective strategic decisions, that would lead to overwhelming advantages. An advisory board is a specialized body that provides non-binding strategic advice to the management of an organization, corporation to make strategic decisions, organizational structures and systems. The informal nature of an advisory board gives greater flexibility in structure and management compared to the board of directors.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why?
the 3 Hierarchies are top tier visionaries, middle tier standarised decison makers and the base tier intuitive decision maker.
Explain them and explain which level of these has the best chance of success and why? need to know advantages as well please
Thank you.
Give an explanation of the importance of knowledge management in an organization's decision-making process, along with supporting justification.
What are the steps of effective decision making? Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions? How can managers improve their decision making skills?
Chapter 9 Solutions
Management
Ch. 9 - Prob. 1OTJVCCh. 9 - Prob. 2OTJVCCh. 9 - Prob. 3OTJVCCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQ
Ch. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQCh. 9 - Prob. 1EECh. 9 - Prob. 2EECh. 9 - Prob. 3EECh. 9 - Prob. 4EECh. 9 - Prob. 5EECh. 9 - Prob. 6EECh. 9 - Prob. 7EECh. 9 - Prob. 8EECh. 9 - Prob. 9EECh. 9 - Prob. 10EECh. 9 - Prob. 1SGBCh. 9 - Prob. 1EDCh. 9 - Prob. 2EDCh. 9 - Prob. 3EDCh. 9 - Prob. 1CFCACh. 9 - Prob. 2CFCACh. 9 - Prob. 3CFCA
Knowledge Booster
Similar questions
- Discuss decision-making under the following subheadings, supporting your argument with examples from the workplace.arrow_forwardWrite a paper that addresses the following points: Identify at least one bias that impacts your decision making process. Discuss what triggered this particular bias and what steps you plan to take it to address it. Discuss how this bias impacted your decision. How confident do you feel about your decision making processes in general? Do you suffer from the "overconfidence" syndrome? If so, under what circumstances?arrow_forwarda) 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 skillsarrow_forward
- A) Effective decision-making results ineffective results, discuss decision making steps and provide examples. B) Discuss various ways available to maintain the high ethical standards of an organization?arrow_forward1. 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?arrow_forwardDescribe a problem or decision you might face in your personal or professional life and share which decision-making method from chapter 3 of your textbook you would use to resolve it. Why is it important to ask questions when problem-solving? Why do many employers specifically seek employees who are excellent problem-solvers?arrow_forward
- 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?arrow_forwardDid the founders of Rovio engage in creative decision making? Explain your answer using examples.arrow_forward1. Why are policies important? 2. How can managers effectively implement policies within an organization? 3. What is decision making? 4. Explain the different types of decisions and give an example for each type.arrow_forward
- (a) Discuss the various types of decision-making models with particular relevance to an organization of your choice.arrow_forwardBased on the topic in the picture, what are the key points there that you think are important to analyze as a decision-maker?arrow_forwardThink of a problem, goal, or situation in which you need to make a decision. •Using the Decision-Making Process Steps, outline how you can make your decision. •Diagram your decision-making planarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub