Posted: July 31st, 2022
Describe the difference between programmed and nonprogrammed decisions. What are the implications of these differences for decision makers?
. Describe the different conditions under which decisions are made.
. Describe the behavioral nature of decision making. Be certain to provide some detail about political forces, risk propensity, ethics, and commitment in your description.
What is meant by the term escalation of commitment? In your opinion, under what conditions is escalation of commitment likely to occur?
Explain the differences between three common methods of group decision making—interacting groups, Delphi groups, and nominal groups.
Was your decision about what college or university to attend a rational decision? Did you go through each step in rational decision making? If not, why not?
. Most business decisions are made under conditions of either risk or uncertainty. In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty? Why?
. Recall a decision that you recently made that had ethical implications. Did these implications make the decision easier or harder?
In what ways are escalation of commitment and decision making under conditions of risk closely related to one another?
seq NL_a \r 0 \h Consider the following list of business decisions. Which decisions would be handled most effectively by group or team decision making? Which would be handled most effectively by individual decision making? Explain your answers.
1. Use the rational decision-making model to explain why Microsoft can make better decisions when it has more complete and diverse sources of information.
. Use the behavioral decision-making model to explain why Microsoft can make better decisions when it has more complete and diverse sources of information.
3. What form of group decision making does Microsoft use? Does Microsoft appear to suffer from any of the potential drawbacks of that form? Explain.
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