MAN 336 Study Guide - Midterm Guide: Bounded Rationality, Satisficing, Nominal Group Technique
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Bounded rationality model: choose the best alternative without conducting an exhaustive search for alternatives. Class notes: if something is complex and costs a lot, use rational which refers to accepting the first alternative that meets minimum criteria model. This model is for not rational and we satisfice = come into optio(cid:374)s a(cid:374)d fi(cid:374)d o(cid:374)e that"s (cid:862)good e(cid:374)ough,(cid:863) (cid:373)uch closer to how we handle most decisions. Within a given situation, experts making decisions scan the environment for cues to recognize patterns. Once a pattern is recognized, they can plan a potential course of action based on their prior experience. Ob toolbox: ideas for enhancing organizational creativity: Consider anonymous feedback as well: use analogies to envision problems and solutions. Leadership: challenge teams so that they are engaged but not overwhelmed, let people decide how to achieve goals, rather than telling them what goals to achieve, support and celebrate creativity even when it leads to a mistake.
