MGMT 370 - Lecture 14 decisionmaking

MGMT 370 - Lecture 14 decisionmaking - Management Process...

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Management Process Model Planning Manager Communications Organizing Coordination Goals Decision Making Leading Adaptation Controlling linking management desired processes functions conditions
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Rational Model (Classical) Models of Decision Making Factors that affect our ability to make rational decisions: Emotions/intuition Framing Information Processing Biases all of the perceptual biases Decision Context Biases escalation of commitment groupthink org. impediments
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Nonrational Models Administrative Model Bounded Rationality Incremental Model Intuition Political Model Models of Decision Making: continued
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Limited available information Limited search for additional information Limited cognitive capacity “Satisficing” solutions Bounded Rationality
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Programmed Decisions Nonprogrammed decisions Types of Decisions
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Decision making under certainty Decision making under risk Decision making under uncertainty Decision Making Environments
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Preferences about goals Agreement Disagreement
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This note was uploaded on 04/02/2008 for the course MGMT 370 taught by Professor Smith during the Spring '08 term at Iowa State.

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MGMT 370 - Lecture 14 decisionmaking - Management Process...

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