Self Check Chapter 4

Self Check Chapter 4 - Chapter 4 Decision-Making Skills...

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Chapter 4 Decision-Making Skills
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Self Check Flash Cards Each card will present a term, concept, or question. Formulate a mental response (answer). In 7 seconds a correct response will appear. Check your answer. Click the “right” arrow to proceed to the next slide.
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1. What are the three stages in the decision-making process? Intelligence (searching the environment for conditions requiring a decision). Design (inventing, developing, and analyzing possible courses of action). Choice (selecting a course of action). McGraw-Hill/Irwin
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2. What is the difference between decision making and problem solving? In its narrowest sense, decision making is the process of choosing from various alternatives. Problem solving is the process of determining the appropriate response or actions necessary to alleviate a deviation from some standard or desired level of performance. From a practical perspective, almost all managerial decisions involve solving or avoiding problems, and, therefore, it is not necessary to distinguish between managerial decision making and managerial problem solving. McGraw-Hill/Irwin
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3. Discuss the intuitive approach to decision making. The intuitive approach is followed when managers make decisions based on hunches and intuition. Emotions and feelings play a major role when following this approach. McGraw-Hill/Irwin
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4. Discuss the optimizing approach to decision making. This approach includes the following steps:
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This note was uploaded on 06/15/2010 for the course MG 352DLB taught by Professor Joibascomb during the Spring '10 term at Park.

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Self Check Chapter 4 - Chapter 4 Decision-Making Skills...

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