Management
12th Edition
ISBN: 9781305393462
Author: DAFT, Richard L.
Publisher: South-Western College Pub
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Question
Chapter 9, Problem 6DQ
Summary Introduction
To determine:
A bad decision that was taken to correct a past decision.
Introduction:
Sometimes we need to take some action to correct a past action, this action maybe the right or wrong one.
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Write 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?
"Because managers have so many powerful decision-making tools to use, they should be able to make more rational decisions" Do you agree with this statement?
If you wanted to buy a new car, what research would you do first to increase the likelihood of making a good decision? As a manager, do you think you would engage in more research or less research than that prior to making big decisions for the organization?
Think about a big decision that you have made. What impact did your emotions have on that decision? Did they help or hinder your decision-making? Would you make the same decision again?
If you were faced with an ethical dilemma at work, who would you want to talk to for advice prior to reaching a decision?
Which would be better to involve a group with, a programmed or a nonprogrammed decision? Why?
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
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Similar questions
- How can a manager improve the quality of her individual decision-making?arrow_forwardSuppose you are CEO; when you face a problem, you mustn't spend a lot of time determining and understanding it very well, also you transfer the decision to people affected by such decision and get their commitment to it Select one: True Falsearrow_forwardConsider a big decision you have taken. Write a description of the decision using the steps in the decision-making process as your guide. What could you have done differently in the process to improve your decision?arrow_forward
- Can you describe the difference between a rational decision and a non-rational decision? Is it possible to always make rational decisions?arrow_forwardWhat are the two systems that the brain uses in decision-making? How are they related to programmed and nonprogrammed decisions?arrow_forwardMiriam and Devon are both upper-level managers, but have very different decision-making styles. Please name and describe in your own words four decision making processes that could be used to guide their decision making. In addition, provide and explain in your own words 10 ways in which their decision could, in general, be derailed or hindered, and explain each.arrow_forward
- Need Unique Answer don't copy please Write a two-paragraph essay describing your decision process (as outlined above), including its strengths and weaknesses. Your essay must include at least two properly described and referenced decision methods or styles from the text. For example, if your decision was impeded by bias, describe if it was confirmation bias, anchoring, or some other kind of bias. Answer and address these questions: What is your preferred decision-making style? How does your style work for you? Are you always satisfied with your decisions? What method from the text would you consider for your future decision making? How important is decision making in the role of a business leader? Provide an example. In addition to the text, you are encouraged to research decision-making methods using reliable and properly cited Internet resources. You may also draw from your personal experience with appropriate examples to support your references.arrow_forwardWhat are the business related facts within the scenario to develop an argument in favor of a group decision versus an individual decision?arrow_forwardAaron Alexis, the former Navy reservist who went on a shooting rampage in September 2013 and killed 12 ppl at the Washington Navy Yard in Washington, DC, had a history of mental instability, but he was carrying a valid security clearance.How would you suggest managers make decisions for issuing or revoking security clearances to prevent this kind of catastrophe?arrow_forward
- What role does prospect theory play in understanding decision-making under risk and uncertainty?arrow_forwardYou are the CEO of BMW motors. Due to severe competition in other markets, you are in search of a new market for your brand of Cars. You are planning to sell your cars in Oman. The type of planning that you will do as a CEO will be O a. Strategic Planning. O b. Tactical Planning. O c. Operation Planning. O d. Transaction Planning.arrow_forwardWhy are decision mistakes, usually accepted in organizations, penalized in university courses and exams that are designed to train managers?arrow_forward
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