Exam 7: Decision Making, Learning, Creativity, and Entrepreneurship

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Susan often defends unpopular or opposing alternatives for the sake of argument when discussing an issue. Susan is demonstrating

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Yin observes that several of his employees have valuable creative talent. What could Yin do to promote individual creativity?

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Regan has identified alternatives to a work problem. After considering the pros and cons of each option, she has chosen and implemented a solution. What should Regan do next for an effective decision-making process?

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________ is a written approach to creative problem solving by a group.

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________ is a decision maker's ability to discover original and novel ideas that lead to feasible alternative courses of action.

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High Tech Corp decides to develop a product based on a completely new technology, with no existing information on the possible challenges and outcomes of bringing such a product to market. This decision illustrates

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Decision making is the process in which managers make determinations about organizational goals and courses of action by responding to opportunities and threats.

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A local pet groomer is considering expanding his services to include cats and needs to decide whether to invest in the necessary equipment and supplies. What type of decision does this represent for the groomer?

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________ decisions are routine and based on rules and guidelines.

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Each month, Brian reviews sales data, analyzes market opportunities and threats, and determines organizational goals and actions for the coming month. This is an example of

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Building a(n)________ is NOT easy and requires that managers change their management assumptions radically.

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When making nonroutine decisions, how do managers tend to view their decision-making skills?

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In the classical model of decision making, it is assumed that

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Eleanor is responsible for monitoring the office supply closet and places an order when any item reaches a minimal level. What type of decision does this represent?

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Meghan is tasked with leading a project team to quickly prototype an innovative product idea and accelerate its time to market. The team will operate independently of other development groups and report directly to the CEO. Meghan's project is an example of

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When deciding on schedules, the construction manager takes into account probabilities related to delays in materials or the potential for bad weather that could impact progress. The manager is accounting for

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________ are intrapreneurial managers who leave their current organizations because of a lack of opportunity and start their own companies.

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Cora has been looking at several alternative locations for a new facility and performed a cost-benefit analysis in order to determine the net financial payoff of each location. Which criterion of decision making is Cora addressing?

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Nick is executing a decision-making process. He has evaluated and selected the best solution to his problem and proceeded with implementation of the chosen solution. Identify the final step Nick should take and explain why it is important.

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A hurricane was approaching Miami, and although there was no evacuation order, the president of a local company decided to close the business and send his employees home. This is an example of a(n)________ decision.

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