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Unformatted text preview: DeLisle 1 Name __John DeLisle__ Business 371 Spring 2008 Quiz 3 Version B TAKE HOME 1. Define, compare, and contrast the classical, administrative and political decision making models. (3 points) • Classical Model- Decisions made solely on economic assumptions • Administrative Model- How decision makers make decisions in tough situations. There is limited information with a vague outline of problems and goals. • Political Model- Mostly for non-programmed decisions where conditions are uncertain. - Management may disagree on solutions.- Conflict of goals. • Almost all decisions have some economic basis. The first rule of business is benefits must exceed the costs. If any decisions conflict with this, it is typically a bad decision. 2. Define, compare, and contrast the exploration, cooperation, and entrepreneurship innovation strategies. (3 points) • Exploration- Generic ideas- Creative organizations- Allow variety- Cross functional- These organizations set up ambiguous events to encourage thinking outside of the box. • Cooperation- Both internal and external parts of the organization working together and adapting their strategies to achieve the common goal set from higher management....
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This essay was uploaded on 04/18/2008 for the course BUS 371 taught by Professor Lagrange during the Spring '08 term at Indiana State University .
- Spring '08
- Decision Making