To determine:
How would you categorize Mi Ola's decision-making style?
Concept Introduction:
In the modern economic context, decision making is seen as a vital factor that determines the effectiveness of the organization to drive and step forward. It is highly necessary to focus and organize the decision-making process to bring out effective strategic decisions, that would lead to overwhelming advantages. An advisory board is a specialized body that provides non-binding strategic advice to the management of an organization, corporation to make strategic decisions, organizational structures and systems. The informal nature of an advisory board gives greater flexibility in structure and management compared to the board of directors.
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Chapter 9 Solutions
Management, Loose-Leaf Version
- Miriam and Devon are both upper-level managers, but have very different decision-making styles. Please name and describe in your own words four decision making processes that could be used to guide their decision making. In addition, provide and explain in your own words 10 ways in which their decision could, in general, be derailed or hindered, and explain each.arrow_forwardDiscuss the different roles played by the qualititative and quantitiative approaches to managrial decision making. Why it is important for a manager or decision maker to have a good understanding of both of these approaches to decision making?arrow_forwardWhat are the four personal decision styles used by managers? What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniques.arrow_forward
- Discuss decision-making under the following subheadings, supporting your argument with examples from the workplace.arrow_forwardDescribe a problem or decision you might face in your personal or professional life and share which decision-making method from chapter 3 of your textbook you would use to resolve it. Why is it important to ask questions when problem-solving? Why do many employers specifically seek employees who are excellent problem-solvers?arrow_forwarda) Why is decision making often described as the essence of a manager’s job? b) Is there a difference between wrong decisions & bad decision?Why do good managers sometimes make wrong decision? Bad decision? c)How can managers improve their decision-making skillsarrow_forward
- Discuss what is meant by the term reflective equilibrium. Describe why it is important in ethical decision-making.arrow_forwardHow can a manager improve the quality of her individual decision-making?arrow_forwardDescribe the kind of factor that affected decision-making in each situation and why. 1. Michael rejected the offer of a new supplier because he knew that the supply manager was a longtime rival. 2. Monica decided to sell her company’s computer system because she thinks this is causing the poor performance of her company.arrow_forward
- What are the steps of effective decision making? Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions? How can managers improve their decision making skills?arrow_forwardAccording to this case study, what are the CEO bias's (i.e., anchoring bias, overconfidence bias, etc) that may have entered the decision making process?arrow_forwardExplain the relationship between extensive, limited, and routine decision making relative to high and low involvement. Identify examples of extensive, limited, and routine decision making based on your personal consumption behavior.arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub