Question 1

In managerial heuristics, managers will often have a tendency to assume that what we see or will see is typical of what can occur

Accepted Answer

A) True 
 B)False  True

Question 2

Milliken 1987 identifies three types of uncertainty, these are:

Accepted Answer

A)  State uncertainty 
B)  Effect uncertainty 
C)  Response uncertainty 
D)  Environmental uncertainty 
E)  Strategic uncertainty 
A)  State uncertainty 
B)  Effect uncertainty 
C)  Response uncertainty 
D)  Environmental uncertainty 
E)  Strategic uncertainty A,B,C

Question 3

According to Nutt and Wilson (2010) strategic decisions have the following characteristics:

Accepted Answer

A)  deal with complex problems which are hard to define 
B)  rarely have one best solution, but rather a series of possible solutions 
C)  follow a predictable path 
D)  have logical and obvious outcomes 
A)  deal with complex problems which are hard to define 
B)  rarely have one best solution, but rather a series of possible solutions 
C)  follow a predictable path 
D)  have logical and obvious outcomes A,B

Question 4

Herbert Simon referred to the decision maker as having:

Accepted Answer

A)  Bounded rationality 
B)  Loose rationality 
C)  Limited intelligence 
D)  Full rationality 
A)  Bounded rationality 
B)  Loose rationality 
C)  Limited intelligence 
D)  Full rationality

Question 5

A typology of cognitive biases in organizations includes which of the following?

Accepted Answer

A)  Pattern-recognition 
B)  Pattern construction 
C)  Route familiarity 
D)  Path dependency 
A)  Pattern-recognition 
B)  Pattern construction 
C)  Route familiarity 
D)  Path dependency

Question 6

In group decision making techniques, teams are used for:

Accepted Answer

A)  Dialectical enquiry 
B)  Devils advocacy 
C)  Delphi method 
D)  Consensus making 
A)  Dialectical enquiry 
B)  Devils advocacy 
C)  Delphi method 
D)  Consensus making

Question 7

Groups tend to make riskier decisions than individuals because:

Accepted Answer

A)  Risk is perceived to be shared by the group 
B)  Consensus is less accurate 
C)  Resources are more readily available 
D)  Individuals are constrained by their role 
A)  Risk is perceived to be shared by the group 
B)  Consensus is less accurate 
C)  Resources are more readily available 
D)  Individuals are constrained by their role

Question 8

Group decision making conflict is typically referred to as:

Accepted Answer

A)  Cognitive conflict 
B)  Group conflict 
C)  Decision conflict 
D)  Collegiate conflict 
A)  Cognitive conflict 
B)  Group conflict 
C)  Decision conflict 
D)  Collegiate conflict

Question 9

Devils advocacy is a legitimate decision-making technique

Accepted Answer

A) True 
 B)False

Question 10

Action orientation bias involves:

Accepted Answer

A)  over optimism 
B)  misaligned individual incentives 
C)  confirmation 
D)  anchoring and adjustment 
A)  over optimism 
B)  misaligned individual incentives 
C)  confirmation 
D)  anchoring and adjustment

In managerial heuristics, managers will often have a tendency to assume that what we see or will see is typical of what can occur

Milliken 1987 identifies three types of uncertainty, these are:

According to Nutt and Wilson (2010) strategic decisions have the following characteristics:

Herbert Simon referred to the decision maker as having:

A typology of cognitive biases in organizations includes which of the following?

In group decision making techniques, teams are used for:

Groups tend to make riskier decisions than individuals because:

Group decision making conflict is typically referred to as:

Devils advocacy is a legitimate decision-making technique

Action orientation bias involves:

Interpreting Strategy

A Process-Practice Model of Strategy

Strategic Organization: Purpose, Values, and Culture

External Environment: Macro, Industry, and Competitive Settings

Internal Environment: Resources, Capabilities, and Activities

Corporate Strategy and Structure

Strategies for Achieving Competitive Advantage

Functional Strategy and Performance

Strategies for Growth

Innovation, Disruption, and Digitalization

Competing in a Globalized World

Sustainability and Strategy

Leading Strategic Change

Designing Effective Strategy Activities

Strategy-In-Practice: Learning, Reflecting, Thinking

Filters

Exam 3: Strategic Decision Making in Organizations

In managerial heuristics, managers will often have a tendency to assume that what we see or will see is typical of what can occur

Milliken 1987 identifies three types of uncertainty, these are:

According to Nutt and Wilson (2010) strategic decisions have the following characteristics:

Herbert Simon referred to the decision maker as having:

A typology of cognitive biases in organizations includes which of the following?

In group decision making techniques, teams are used for:

Groups tend to make riskier decisions than individuals because:

Group decision making conflict is typically referred to as:

Devils advocacy is a legitimate decision-making technique

Action orientation bias involves:

Interpreting Strategy

A Process-Practice Model of Strategy

Strategic Organization: Purpose, Values, and Culture

External Environment: Macro, Industry, and Competitive Settings

Internal Environment: Resources, Capabilities, and Activities

Corporate Strategy and Structure

Strategies for Achieving Competitive Advantage

Functional Strategy and Performance

Strategies for Growth

Innovation, Disruption, and Digitalization

Competing in a Globalized World

Sustainability and Strategy

Leading Strategic Change

Designing Effective Strategy Activities

Strategy-In-Practice: Learning, Reflecting, Thinking

Filters