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

Explain the different ways by which organizations can promote intrapreneurship.

To use a programmed decision in dealing with occasional company overspending, a manager would

The classical decision-making model assumes that managers have all of the information they need in order to make the optimum decision.

The pattern of faulty and biased decision making that occurs in groups whose members strive for agreement at the expense of good decision making is called

Briana, a manager, is attempting to determine whether she has both the capability and the resources to produce one of several possible new products. In the context of decision making, on which of the following criteria of alternative courses of action is Briana focusing?

A human resource manager for a large company wants to hire people who show strong potential to become intrapreneurs. Considering this, the manager would most likely hire the applicant who

The most appropriate decision in light of what managers believe to be the most desirable consequences for the organization is called the ________ decision.

Calla is the manager for a fragrance company that is considering starting a line of organic perfumes. Her employees have mixed feelings about this idea. Some criticize it as being impractical, but others are enthusiastic about it, despite the costs involved in producing perfumes with organic ingredients. Which of the following actions should Calla take to efficiently and effectively ensure that the company's organic perfume line reaches the end consumer?

Martin, a plant foreman, hires an additional worker whenever overtime hours for the previous month increase by more than 25 percent. This is an example of which type of decision?

Esteban, a manager, performs a financial analysis of several investment alternatives in order to determine which alternative is most likely to impact the organization's profitability. Esteban is focusing on

KJ, Inc., has received a poor rating for one of its newly launched products from the customers. Joe, a top manager at KJ, Inc., wants to find out why this product performed poorly. To accomplish this, which of the following decision-making steps does Joe have to implement?

In managerial decision making, the ability of a manager to discover novel ideas that lead to alternative courses of action for the organization to use for solving a particular problem is known as

When managers cannot assign probabilities of future occurrence to possible alternatives with a decision, this is known as

Stojan, a plant manager, wants to initiate a diversity training program in his plant. He is considering whether his department has enough extra people to cover for the time his employees will be engaged in the classes. Which of the following criteria of decision making is Stojan implementing?

Jack, a manager, wants to promote creativity in his company. To do this, which of the following actions would he take?

You are a manager assessing possible alternatives for the solution of a quality problem in his department. As part of this process, you want to determine if a possible alternative will threaten other company projects. To accomplish this, which of the following criteria of decision-making will you implement?

A critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented, with the purpose of identifying all the reasons that might make the preferred alternative unacceptable, is

You are a manager assessing possible alternatives for the solution of a problem. To do this, you have to determine the net financial payoff of each alternative. Which of the following criteria of decision making do you have to implement to accomplish this?

Rationalization is a critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented.

March and Simon developed three important concepts in their administrative model of decision making. Discuss these three concepts.