MANA 30153 Study Guide - Midterm Guide: Decision-Making, Ideas Group, Bounded Rationality
Document Summary
Incubation ambient thought for ideal time: fluency number of ideas, flexibility how different the ideas are from one another, originality how unique a person"s ideas are. Either or decisions: we are terrible at making rational decisions, we believe we are really great at it, exploration, new ideas, creative solutions, qualitative. Low control (gives creator power: exploitation, production, efficiency, short time frame, high control, goal is clearer, quantitative. Strategic - set the course for an organization. Changing strategic direction or introducing a new product that requires years of development would represent a strategic decision. Should we merge with another company/new product/downsize: made by top management, ceos and boards of directors. Tactical - are decisions about how things will get done. Best individual in a group usually outperforms the group. Possible to put off decision making if left alone to do it. Diversity of ideas and can piggyback on others" ideas. Interaction can be fun and serve as a teambuilding task.
