MGT 3200 Lecture : Mgt Notes 3
Document Summary
Is decision-making a function of management: no, it a part of all functions of management. Is it irrational: satisficing doesn"t consider all alternatives; managers don"t maximize their benefits. Underestimate the frequency of an event: manager assesses the frequency of an event based on how easy it is to recall the event in memory. If something is easily remembered it is frequent, if something is hard to remember it is infrequent. 7-9 people are presented with a problem and are asked to identify as many potential solutions as possible: criticism is strictly prohibited, prevents creativity. Fantasy & analogy looks at the problem with a different perspective. Fantasy technique which is a way to stimulate creativity by getting rid of barriers. Facilitator"s job is to structure the problem and help lead the discussion away from traditional ways of thinking, and generate ideas (creativity; uses fantasy and analogy)
