1. Why is decision making often described as the essence of the manager’s job? As shown in Exhibit 6.5, decisions are made throughout the performance of all four functions of management. Almost anything a manager does in terms of planning, organizing, leading, and controlling involves decision making. The pervasiveness of decision making in management explains why managers are often called decision makers. 2. How might an organization’s culture influence the way in which managers make decisions? An organization’s culture might influence how managers make decisions by indicating how much risk taking is permitted and how much importance is placed on the effectiveness of the decisions made. For example, if an organizational culture rewards decisions that reinforce the status quo, these types of decisions will likely be made. 5. “As managers use computer and software tools more often, they’ll be able to make more rational decisions.” Do you agree or disagree with that statement? Why?
This is the end of the preview. Sign up
access the rest of the document.
This note was uploaded on 02/14/2012 for the course FINANCE & 101 taught by Professor Mrhoang during the Spring '11 term at Shanghai Normal University.