Exam 5: Decision Making, Learning, Creativity, and Entrepreneurship

Individuals who pursue opportunities to address problems and needs in order to improve society and well-being, such as reducing poverty, are known as

The manager of a charity asks the board of directors for permission to hire temporary help when the regular secretary goes on vacation. This is an example of which type of decision?

You are a manager who works with managers employed in different cities. All of you are working on developing the same new product. These managers encounter problems to the ones you face. Even so, you are unable to meet face-to-face with them for any discussion. Explain two ways you can solve this problem.

In assessing alternatives, explain the four criteria to evaluate the pros and cons of alternative courses of action.

Go-Getter, Co., is attempting to decide whether or not to launch a new $10 million advertising campaign for a product whose sales have been lagging well below its projected sales. This represents which type of decision for the organization?

You are a manager in an organization that needs to advertise a product. To do this, you decide to use satisficing. Considering this, which of the following actions would you take?

In the administrative model of decision making, when the number of possible alternatives to a decision is so large that the manager cannot possibly evaluate all of them before making a decision, which of the following has occurred?

When entrepreneurs believe that they are responsible for what happens to them and that their own actions determine important outcomes such as the success or failure of a new business, they have

A manager considers a limited sample of the potential alternative solutions for a problem and selects one that is acceptable instead of attempting to select the optimum solution. This type of decision is called

Anja is taking part in a brainstorming group that is supposed to think of new storylines for films for a major studio. The studio wants creative stories that are different from previously produced films, but also marketable. However, Anja soon notices that members in the group tend to rely on old storylines, especially about superheroes, that seem like "safe" bets at the box office. Additionally, when one of them proposes an idea, the others almost invariably go along with it. What should Anja do in order to effectively counteract this dynamic?

A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage to the final customer is a product

Sometimes in a brainstorming session, group members cannot simultaneously make sense of all the alternatives being generated, think up additional alternatives, or remember what they were thinking. This problem is known as

To counteract groupthink on a merchandising team, a manager decides to brings in two

Researchers have identified a six-step model that can be used by managers who are faced with an important decision. Discuss any two of these steps.

In the decision-making process, to compare what actually happened to what was expected to happen as a result of the decision is a procedure of choosing among alternatives.

A sales manager wants to promote a shared vision among his staff. Considering this, which of the following would he do?

When a manager chooses an acceptable alternative instead of the optimum alternative, we say that a satisficing decision has occurred.

Based on the work of March and Simon's administrative model of decision making, the first step in the managerial decision-making process is to

Peter Senge has identified five principles that can be used by an organization to create "a learning organization." Discuss any three of these principles.

The marketing managers of Compliant, Ltd., strive so hard to agree on an important decision to launch a product that they ignore information that a similar product already exists in the market and that the barriers to entry into the market are high. This refers to which of the following decision-making processes?