6. Decision-making techniques (Connect)Think about how managers can use innovative techniques to improve their decisions and complete the following sentences with the appropriate terms.When managers engage in rigorous debate to solve a problem, one technique they might use is to escalate their commitment to ensure thegroup's assumptions are challenged. Another is point-counterpoint, in which the group breaks into two subgroups that work separately andthen exchange proposals.The tendency for decision makers to conform rather than express contrary opinions isprioritize harmony over the quality of the decision.groupthinkWhich of the following statements is consistent with evidence-based decision making? Check all that apply.Evidence-based decision making uses opinions and intuition to provide a rationale for decisions.Evidence-based decision making encourages questioning assumptions.It is better to forget past mistakes so you don't make them again.Managers make better decisions when they review their past failures and successes.When this occurs, managers Here is a summary of the hard evidence about employee retention. Use the facts it contains to answer the question that follows.▼ RESEARCH STUDYEmployee retention is a popular topic for both managers and researchers. Here are some facts about employee turnover:• Employees who get realistic information about the job (both positives and negatives) stay with the company longer than those whodon't.• Employees who are offered training and development opportunities are less likely to leave than employees who do not receive theseopportunities.• Giving employees a say in how they do their work (autonomy) increases their satisfaction with the job.• Employees with abusive supervisors have a greater intention to quit than employees without abusive supervisors.Following are several actions managers commonly take when confronted with turnover. Which of these actions are not supported by evidence? Checkall that apply.Separate employees so that they don't talk about the people who have left the company.Provide leadership training to all new supervisors and managers.When talking with job applicants, discuss only the best parts of the job.Let employees select the classes they think would help them the most on the job.

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Salvatore, in his quest for a new car, has narrowed down his options to four possibilities. He considers each car against his own criteria. In which of the following decision-making process activities is Salvatore engaging?a.Search for informationb.Choicec.Evaluation of alternativesd.Need recognitione.Postchoice evaluationThe Smiths do their groceries every weekend. Mrs. Smith starts off by making a list of requirements for the entire family over the week. She never forgets to replenish their stock of Caribbean coffee as her husband, a writer, generally feels groggy and sleepy after lunch in the afternoon. The coffee keeps him awake at such times. Fruits are a â€œmust-buyâ€ for the family. Everyone, including their three children loves apples. However, Mrs. Smith refrains from buying apples when they are not in season as they tend to be more expensive. This weekend, she bought a new brand of pasta that her children insisted on buying as they were tempted…
Decision-making framework: You will use the DECIDE model to make your decision. The DECIDE model is a six-step decision-making framework that stands for: Define the problem Establish the criteria Consider all the alternatives Identify the best alternative Develop and implement a plan of action Evaluate and monitor the decision Scenario: Imagine that you are the CEO of a small business that sells handmade jewelry. Your business has been growing steadily for the past few years, and you are now considering expanding into a new market. You have narrowed down your options to two cities: New York City and Los Angeles. Instructions: Use the DECIDE model to make a decision about which city to expand into. Be sure to include all of the steps in the DECIDE model in your post. Be as specific as possible when describing your scenario. What are the pros and cons of each city? What are the criteria that you will use to make your decision?
Can you answer this for me please, thanks!
What are the advantages and disadvantages of using a group decision making process versus an individual decision making process by applying these concepts to the case study?
All of the following are hindrances to perfectly rational decision making EXCEPT: Conflicting goals Managers’ different values Information overload Intuition Complexity
When using evidence-based analytics in decision making, measurement is an essential tool in gauging progress. However, the leader needs to assess data based on the following consideration(s). Check All That Apply To what extent is the measurement an accurate representation of the success of the change initiative?To what extent is the measurement an accurate representation of the success of the change initiative? What is the relationship between the time of the measurement being reported and the timeframe over which the benefits of the change is expected to be delivered?What is the relationship between the time of the measurement being reported and the timeframe over which the benefits of the change is expected to be delivered? What are the components of the measurement being monitored e.g. internal and/or external environmental factors and to what extent are they relevant to the organizational change?What are the components of the measurement being monitored e.g. internal…
You have been asked to oversee a focus group of customers and potential customers of your company. After listening to this group, you notice a few expectations they all seem to have. Examples of customer expectations might include: O They want more for their money. O They are looking for information so they can make a good decision. O They want to talk or chat with a person who understands the product. O All of these are possible customer expectations.
A decision is an act of influencing people. True False
A decision support system is useful to solve complex human issues. To this end, many systems depend on decision support from computer-based information systems with an embedded Artificial Intelligence routine. Discuss how can a Decision Support System improve the health care system in Jamaica.
You own a company that makes after-market accessories for vehicles. You have 75 employees split in two facilities: one in Denver and one in Baltimore. The facility supervisor in Baltimore has abruptly quit to follow his wife on an overseas government appointment. You hired a former colleague who has everything needed to step in and take over the operation successfully. However, as the only woman at that site, she has been facing serious resistance to change since beginning three weeks ago. List the reasons why you think she is experiencing such resistance to change then explain how you would work to overcome this resistance with the 32 employees in that building. (please cite references)
Did I do this question correctly? If not please show where I went wrong and how to fix it. The government is auctioning off oil leases at two sites. At each site, 150,000 acres of land are to be auctioned. Cliff Ewing, Blake Barnes, and Alexis Pickens are bidding for the oil. Government rules state that no bidder can receive more than 45% of the land being auctioned. Cliff has bid $2000 per acre for site 1 land and $1000 per acre for site 2 land. Blake has bid $1800 per acre for site 1 land and $1500 per acre for site 2 land. Alexis has bid $1900 per acre for site 1 land and $1300 per acre for site 2 land. a. Determine how to maximize the government’s revenue with a transportation model. b. Use SolverTable to see how changes in the government’s rule on 45% of all land being auctioned affect the optimal revenue. Why can the optimal revenue not decrease if this percentage required increases? Why can the optimal revenue not increase if this percentage required decreases?
A classical decision model describes decision making within a limited information and alternatives. True False

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