Chapter 3. Managerial Decision Making

New creative solutions for that specifically problem

Achieving a balance among several goals

New, movel, complex decisions haven not proven answers

Major solutions arise through a series of smaller decisions

A process in which decision maker carefully execute all stages of decision making

Characteristics of managerial decision making, except:

Alternative courses of action that can be implemented based on how the future unfolds

Suggests the decision is working,and that the decision should be applied in the organization

Ideas that have been seen or tired before

Generate as many ideas about a problem as they can

Which is one of the decision making barriers

The state when decision makers have insufficient information

People's belief that they can influence events

A decision realizing the best possible outcome

Depicting a chaotic process and seemingly random decisions

The state the exists when the decision makers have accurate and comprehensive information

Groups with differing preferences use power and negotiation to influence on decisions

Debate comparing two conflicting curses of action

These are disadvantages of making group decisions, except