GMS 200 Lecture 4: Week 4

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GMS 200 Full Course Notes
24
GMS 200 Full Course Notes
Verified Note
24 documents

Document Summary

Three environments for managerial decision making and problem solving. Uncertain environment y alternative courses of action and their outcomes are known to decision maker y decision maker views alternatives and their outcomes in terms of probabilities y decision maker doesn"t know all alternatives and outcomes, even as probabilities. Ceo of coca-cola, he increased net worth by nearly 4000%. Other risky decisions y singles (gerber foods) y premier cigarette (r. j. reynolds) Culture is a set of assumptions and values that are shared by a group of people and that guide that group of people"s interactions with each other. They are strong, unconscious emptions with a minus and plus pole like: evil-good, dangerous-safe, dirty-clean, ugly-beautiful, abnormal-normal. The computer that was developed from the project was the first one used in nasa"s space shuttle. Recent study by waterstone human capital ltd and canadian business including in depth interviews with senior canadian executives at 107 companies.