Question 1

Hamel argues that the hierarchy of decision-making levels,from most to least powerful,is:

Accepted Answer

A)  rational decision making, mental models, political decision making 
B)  political decision making, rational decision making, mental models 
C)  mental models, political decision making, rational decision making 
D)  political decision making, mental models, rational decision making 
A)  rational decision making, mental models, political decision making 
B)  political decision making, rational decision making, mental models 
C)  mental models, political decision making, rational decision making 
D)  political decision making, mental models, rational decision making

Question 2

Complete the statement 'Rational decision making is based on a ___ approach (i.e.how decisions ___ made).This contrasts with a ___ approach.':

Accepted Answer

A)  positivist, might be, normative 
B)  normative, should be, and intuitive 
C)  reasonable, are actually, positivist 
D)  deductive, might theoretically be, inferential 
A)  positivist, might be, normative 
B)  normative, should be, and intuitive 
C)  reasonable, are actually, positivist 
D)  deductive, might theoretically be, inferential

Question 3

One of the 'mainstream' sub-sets of Hubbard,Rice and Galvin's 'model of effective decision making' does NOT follow the order:

Accepted Answer

A)  involve several people, agree on goals, search, evaluate risk 
B)  make decision, engage implementers, communicate decision, assess outcomes 
C)  search, evaluate risk, make decision, communicate decision 
D)  none of the above 
A)  involve several people, agree on goals, search, evaluate risk 
B)  make decision, engage implementers, communicate decision, assess outcomes 
C)  search, evaluate risk, make decision, communicate decision 
D)  none of the above

Question 4

In relation to ambiguity in decision making:

Accepted Answer

A)  the rational model is based on the assumption that information is known 
B)  causality of events is ambiguous 
C)  both of the above 
D)  none of the above 
A)  the rational model is based on the assumption that information is known 
B)  causality of events is ambiguous 
C)  both of the above 
D)  none of the above

Question 5

In brainstorming technique,ideas for solving the problems are simply written down without evaluation.

Accepted Answer

A) True 
 B)False

Question 6

Hubbard,Rice and Galvin's questions to determine where and how groups make decisions do NOT include:

Accepted Answer

A)  Is there one or more key opinion leaders in the group? 
B)  Is there a second chance, if the proposal is not accepted? 
C)  Is the group homogenous? 
D)  Are there any individuals in the group who would be particularly affected by the proposal? 
A)  Is there one or more key opinion leaders in the group? 
B)  Is there a second chance, if the proposal is not accepted? 
C)  Is the group homogenous? 
D)  Are there any individuals in the group who would be particularly affected by the proposal?

Question 7

In making strategic choices,the most attractive options should always be pursued.

Accepted Answer

A) True 
 B)False

Question 8

The fundamental assumption for understanding interpretation using 'behavioural economics' is:

Accepted Answer

A)  that individuals anticipate events with respect to deviations from a reference theory 
B)  that individuals evaluate outcomes with respect to deviations from a reference point 
C)  that individuals generate reasons to explain deviations from a reference norm 
D)  that individuals espouse theories with regard for deviations from a reference prospect 
A)  that individuals anticipate events with respect to deviations from a reference theory 
B)  that individuals evaluate outcomes with respect to deviations from a reference point 
C)  that individuals generate reasons to explain deviations from a reference norm 
D)  that individuals espouse theories with regard for deviations from a reference prospect

Question 9

Interpretation issues within behavioural economics include:

Accepted Answer

A)  framing, anchoring, sunk costs, status quo, herding, representativeness, overconfidence 
B)  fixating, anchoring, sunk costs, status quo, herding, unrepresentativeness, overconfidence 
C)  feeding, anchoring, skunk works, status quo, herding, representativeness, underconfidence 
D)  framing, anchoring, sinking, statusing, herding, unrepresentativeness, underconfidence 
A)  framing, anchoring, sunk costs, status quo, herding, representativeness, overconfidence 
B)  fixating, anchoring, sunk costs, status quo, herding, unrepresentativeness, overconfidence 
C)  feeding, anchoring, skunk works, status quo, herding, representativeness, underconfidence 
D)  framing, anchoring, sinking, statusing, herding, unrepresentativeness, underconfidence

Question 10

Individual values cannot conflict with each other.They may conflict with those of the organisation.

Accepted Answer

A) True 
 B)False

Question 11

As well as intuition,peoples' decisions are influenced by:

Accepted Answer

A)  motivation, values, ethics, personal maturity 
B)  motivation, values, ethics, personal nature 
C)  emotions, values, organisational culture 
D)  emotions, reward systems, ethics, personal nurture 
A)  motivation, values, ethics, personal maturity 
B)  motivation, values, ethics, personal nature 
C)  emotions, values, organisational culture 
D)  emotions, reward systems, ethics, personal nurture

Hamel argues that the hierarchy of decision-making levels,from most to least powerful,is:

Complete the statement 'Rational decision making is based on a _ approach (i.e.how decisions _ made).This contrasts with a ___ approach.':

One of the 'mainstream' sub-sets of Hubbard,Rice and Galvin's 'model of effective decision making' does NOT follow the order:

In relation to ambiguity in decision making:

In brainstorming technique,ideas for solving the problems are simply written down without evaluation.

Hubbard,Rice and Galvin's questions to determine where and how groups make decisions do NOT include:

In making strategic choices,the most attractive options should always be pursued.

The fundamental assumption for understanding interpretation using 'behavioural economics' is:

Interpretation issues within behavioural economics include:

Individual values cannot conflict with each other.They may conflict with those of the organisation.

As well as intuition,peoples' decisions are influenced by:

What is ‘strategy’?

Analysing business strategy: creating value

Analysing the external environment

Analysing the organisation’s resources and capabilities

Measuring strategic organisation performance

Gap analysis and business-level strategic options

Dynamic competitive strategy

Corporate/multi-business strategy

Acquisitions and alliances

International strategy

Capabilities,systems and structure

Leadership,people and culture

Change management

Filters

Exam 7: Strategic decision making

Hamel argues that the hierarchy of decision-making levels,from most to least powerful,is:

Complete the statement 'Rational decision making is based on a ___ approach (i.e.how decisions ___ made).This contrasts with a ___ approach.':

One of the 'mainstream' sub-sets of Hubbard,Rice and Galvin's 'model of effective decision making' does NOT follow the order:

In relation to ambiguity in decision making:

In brainstorming technique,ideas for solving the problems are simply written down without evaluation.

Hubbard,Rice and Galvin's questions to determine where and how groups make decisions do NOT include:

In making strategic choices,the most attractive options should always be pursued.

The fundamental assumption for understanding interpretation using 'behavioural economics' is:

Interpretation issues within behavioural economics include:

Individual values cannot conflict with each other.They may conflict with those of the organisation.

As well as intuition,peoples' decisions are influenced by:

What is ‘strategy’?

Analysing business strategy: creating value

Analysing the external environment

Analysing the organisation’s resources and capabilities

Measuring strategic organisation performance

Gap analysis and business-level strategic options

Dynamic competitive strategy

Corporate/multi-business strategy

Acquisitions and alliances

International strategy

Capabilities,systems and structure

Leadership,people and culture

Change management

Filters

Complete the statement 'Rational decision making is based on a _ approach (i.e.how decisions _ made).This contrasts with a ___ approach.':