What are the four primary methods for making individual decisions quizlet?
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Terms in this set (25)TYPES OF DECISIONS programmed (or routine) decisions non-programmed (or nonroutine) decisions Decision takes place when a person chooses among two or more alternatives in order to solve a problem. Problem is a discrepancy between the ideal and the real. Programmed Decisions The standard responses to uncomplicated problems Non-programmed Decisions Unique responses to complex problems Behavioral Decision Model points out that decision makers have cognitive limitations, and act only in terms of what they perceive in a given situation. The seven steps in the decision-making process A. Identify and Diagnose the Problem B. Establish Decision Criteria C. Develop Creative Alternatives D. Evaluate the Alternatives E. Choose One Alternative F. Implement the Decision G. Evaluate and Control Heuristics or rules of thumb in decision making, also stem from bounded rationality. INFLUENCES ON DECISION MAKING A. Intuition B. Personality and Cognitive Intelligence C. Emotional Intelligence D. Quality and Accessibility of Information E. Political Considerations F. Crisis and Conflict G. Values of the Decision Maker H. Procrastination I. Overconfidence Bias Intuition A key personal characteristic that influences decision-making. An experience-based way of knowing or reasoning in which weighing and balancing evidence are done automatically. Personality and Cognitive Intelligence In general, intelligent and well-educated people are more likely to identify and diagnose problems and make sound decisions. Self-efficacy the feeling of being an effective and competent person, also has an influence Creativity is the process of developing good ideas that can be put into action. Innovation emphasizes the action part of creativity, such as developing an innovative product. Steps in the Creative Process Step 1 is opportunity or problem recognition Step 2 is immersion in the problem. Step 3 is incubation Step 4 is insight Step 5 is verification and application Characteristics of Creative People 1. Knowledge. 2. Intellectual abilities 3. Personality. Conditions Necessary for Creativity 1. Expertise, creative-thinking skills, and internal motivation. 2. Environmental need 3. Conflict and tension. 4. Encouragement from others and having creative coworkers. 5. Mood. 6 Moderate time pressures. ENHANCING AND IMPROVING CREATIVITY 1. Brainstorming 2. Idea quotas 3. Heterogeneous groups 4. Financial incentives 5. Architecture and physical layout 6. Inspiration 7. Creativity training. Brainstorming is the best-known technique for enhancing employee creativity. (It is worth mentioning in class that many people think that brainstorming alone is more effective than brainstorming in groups.) Idea quotas are a straightforward technique whereby the company demands a certain number of creative suggestions. Heterogeneous groups facilitate creativity because of the diverse viewpoints possible. Key diversity factors are professional discipline, job experiences, and demographic factors. Financial incentives often foster creativity in work environments, although many creativity researchers disagree. IBM leads in patents, and pays cash bonuses to employees who win patents Architecture and physical layout contribute to creativity in that any configuration of the physical environment that decreases divergence, incubation, and convergence might stimulate the flow of creative thinking. Inspiration Inspiring creativity encompasses a wide range of behaviors including establishing a permissive atmosphere. Creativity training A variety of techniques are used to encourage more flexible thinking such as engaging in child play, squirting each other with water guns, scavenger hunts, depriving participants of food and rest for 24 hours to weaken their defense and make them "think differently." Recommended textbook solutionsNumerical Analysis9th EditionJ. Douglas Faires, Richard L. Burden 873 solutions Elementary Number Theory7th EditionDavid Burton 776 solutions Book of Proof2nd EditionRichard Hammack 340 solutions Advanced Engineering Mathematics10th EditionErwin Kreyszig 4,134 solutions Sets with similar termsManagement Test 2 - Problem Solving and Decision M…34 terms cmason0911 MGT CH263 terms EMHidalgo mgmt 371 chp 6: Managers as Decision Makers36 terms mellenomalley Management Chapter 366 terms jrickey Sets found in the same folderChapter 4: Attitudes31 terms euniiicorn Chapter 6: Interpersonal Communication32 terms euniiicorn Chapter 7: Motivation24 terms euniiicorn Other sets by this creatorEnglish Grammar & Correct Usage Part 125 terms euniiicorn Code of Conduct and Ethical Standards Part 125 terms euniiicorn Clerical Reasoning Part 215 terms euniiicorn Clerical Reasoning Part 110 terms euniiicorn Verified questions
ADVANCED MATH Most of the following selections were taken from letters-to-the-editor columns of news papers and magazines. Identify any fallacies that may be committed, giving a brief explanation for your answer. Then, if a fallacy is identified, discuss the possible factors that led the arguer to commit the fallacy. Doctors say the birth of a baby is a high point of being a doctor. Yet a medical survey shows one out of every nine obstetricians in America has stopped delivering babies. Expectant mothers have had to find new doctors. In some rural areas, women have had to travel elsewhere to give birth. How did this happen? It’s part of the price of the lawsuit crisis. The number of lawsuits Americans file each year is on the rise. Obstetricians are among the hardest hit—almost three out of four have faced a malpractice claim. Many have decided it isn’t worth the risk. Verified answer
ADVANCED MATH Show that each of the following congruences holds. a) 13 = 1(mod 2), b) 22 = 7 (mod 5), c) 91 = 0 (mod 13), d) 69 = 62 (mod 7), e) -2 = 1(mod 3), f) -3 = 30 (mod 11), g) 111 = -9 (mod 40), h) 666 = 0 (mod 37). Verified answer
ADVANCED MATH While cruising at a steady speed of 400 km/h, you identify a storm cloud straight ahead 45 km away. To avoid turbulence, you start climbing at an angle of elevation of $15^\circ.$ If you maintain this speed and direction for 6 min, how far will you be from the storm cloud? Round to the nearest kilometre. Verified answer
ADVANCED MATH Truckco manufactures two types of trucks: 1 and 2. Each truck must go through the painting shop and assembly shop. If the painting shop were completely devoted to painting Type I trucks, then 800 per day could be painted; if the painting shop were completely devoted to painting Type 2 trucks, then 700 per day could be painted. If the assembly shop were completely devoted to assembling truck 1 engines, then 1,500 per day could be assembled; if the assembly shop were completely devoted to assembling truck 2 engines, then 1,200 per day could be assembled. Each Type 1 truck contributes $300 to profit; each Type 2 truck contributes$500. formulate an LP that will maximize Truckco’s profit. Verified answer Other Quizlet setsLecture 526 terms karl_iv_ahlqvist psych worksheets110 terms JennaMcConnell psp test 436 terms itzrandixo OT Mid-Term Quiz 711 terms Anna_mj449 Related questionsQUESTION Implementation risk is best addressed by testing assumptions and making plans associated with the question 6 answers QUESTION The pattern of a time series in business forecasting that is most difficult to predict is 15 answers QUESTION Which of these is another term for hindsight bias? 15 answers QUESTION Which of these is not an assumption of linear programming models? 7 answers What are the 4 of decisionCommand – decisions are made with no involvement. Consult – invite input from others. Vote – discuss options and then call for a vote. Consensus – talk until everyone agrees to one decision.
What are the types of individual decisionResearch on decision styles has identified four different individual approaches to making decisions. Individual decision-making styles are 4 types; analytic style, conceptual style, directive style, and behavioral style.
What are the four steps of the decisionTerms in this set (4). Identify the Problem. know the problem or question before searching for an answer.. List the Alternatives. list the pros and cons.. Make a Decision. make a decision based on the information you collected. think about the consequences!. Evaluate the Decision. decide whether the choice was a good one or not.. What are the five methods of decision5 Steps to Good Decision Making. Step 1: Identify Your Goal. One of the most effective decision making strategies is to keep an eye on your goal. ... . Step 2: Gather Information for Weighing Your Options. ... . Step 3: Consider the Consequences. ... . Step 4: Make Your Decision. ... . Step 5: Evaluate Your Decision.. |
