BUS_260_06_Decision_Making

BUS_260_06_Decision_Making - Research Project Introduction...

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Unformatted text preview: 9/29/11 Research Project Introduction Section of Paper  Search for empirical articles (10-12)  Use Proper Citations (APA or AOM)  Read sample [ 85% ] paper!!! Data Collection/Analysis  Send survey to me by Friday for approval  Informed consent forms 9/29/11 Decision Making 9/29/11 Decision-Making  Decision-making is the process of developing a commitment to a course of action  A conscious process of making a choice among 2 or more alternatives  Often occurs as a reaction to a problem or an opportunity 9/29/11 Organizational Decision-Making  Managing People Who to hire, promote, fire, reward, punish How to delegate tasks and responsibilities How to handle customers and clients  Business Decisions What are the organization’s strategic goals for 2010-2015? What products to design, promote, revamp, withdraw 9/29/11 Methods of Decision-Making Programmed Decisions Somewhat automated decisions due to decision maker’s knowledge and past experience with the problem Problem has been resolved in the past and an optimal solution has already been identified and documented 9/29/11 The Rational Decision-Making  The rational decision maker makes consistent, “value maximizing” choices given specific context  Perfect rationality is a decision strategy that is completely informed, perfectly logical, and oriented towards economic gain....
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This note was uploaded on 09/29/2011 for the course BUSINESS 111 taught by Professor Fredjames during the Spring '11 term at Abu Dhabi University.

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BUS_260_06_Decision_Making - Research Project Introduction...

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