MHR 405 Chapter Notes - Chapter 8: Bounded Rationality, Risk Aversion, Decision Rule

• School: Ryerson University
• Department: Human Resources
• Course: MHR 405
• Professor: Frank Miller

Document Summary

Creativity a process influenced by individual and organizational factors that result in the production of novel and useful idea, products, or both. Divergent thinking an individual"s ability to generate several potential solutions to a problem. Focusing on how work is going to be evaluated. Competing with others in a win-lose situation. Decision making a conscious process of making choices among one or more alternatives and developing a commitment to a course of action. Programmed decision a simple, routine matter for which a manager has an established decision rule. Non-programmed decision a new, complex decision that requires a creative solution. Effective decision a timely decision that meets a desired objective and is accepted by the individuals affected by it. Ethical decision a decision that is made after exploring alternatives and their consequences so that actions are consistent with one"s personal values and commonly help values of the organization and society. Gathering and evaluating data and diagnose the situation.