ADPR5910 Exam 2 Lecture Notes 3

ADPR5910 Exam 2 - ADPR5910 Notes Budgeting and Planning Essentials of Planning and Finance Nonprogramed vs Programmed Decisions Nonprogrammed =

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ADPR5910 Notes 2/24/2011 Budgeting and Planning: Essentials of Planning and Finance Nonprogramed vs. Programmed Decisions - Nonprogrammed = infrequent and complex (strategic) - Programmed = routine, specific procedures provided Steps in Decision Making - Identify and diagnose the problem - Develop alternative solutions - Evaluate alternative solutions - Choose one alternative solution - Implement the decision - Evaluate and control Influences on Decision Making - Bounded rationality = finite cognition and uncontrollable external influences prevent entirely rational decisions - Intuition - Personality and cognitive Intelligence o Good: risk-taking, optimistic o Bad: perfectionist - Emotional intelligence o Self aware (understand own strengths and weaknesses) o Self managers o Socially aware (empathy/intuition regarding organizational problems) o Can diffuse conflicts and build long lasting relationships - Quality and accessibility of information o Challenge pre-existing biases - Political considerations o Decisions are often made based on favoritism and relationships and alliances
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This note was uploaded on 09/07/2011 for the course ADPR 5910 taught by Professor Reber during the Fall '10 term at University of Georgia Athens.

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ADPR5910 Exam 2 - ADPR5910 Notes Budgeting and Planning Essentials of Planning and Finance Nonprogramed vs Programmed Decisions Nonprogrammed =

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