Exam 5: Decision Making, Learning, Creativity, and Entrepreneurship

Decision making is programmed when managers need to repeatedly make new judgments about what should be done.

Rationalization is a critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented.

An organization's finance department decides to go to the company's usual bank and take out a loan because the company's revenues for the month are projected to be less than its expenses.What type of decision does this represent?

Decisions that have been made many times in the past and for which managers have rules and guidelines about how to make similar decisions in the future are known as:

Explain the different ways by which organizations can promote intrapreneurship.

The idea behind the product champion role is that if intrapreneurs are isolated,they will become so intensely involved in a project that development time will be relatively brief and the quality of the final product will be enhanced.

While assessing the practicality of alternatives,managers must decide whether they have the capabilities and resources required to implement the alternative,and they must be sure that the alternative will not threaten the attainment of other organizational goals.

Which of the following is a way to bring distant managers together to brainstorm and is a written approach to creative problem solving?

Product champions are a group of intrapreneurs who are deliberately separated from the normal operation of an organization to encourage them to devote all their attention to developing new products.

The classical decision-making model is prescriptive in the sense that it specifies how decisions should be made.

Innovation takes place in an organization when:

The classical decision-making model assumes that managers have all of the information they need in order to make the optimum decision.

The explosion of the space shuttle Challenger is an example of poor managerial decision making by the managers at NASA and Morton Thiokol,who considered and then downplayed the criterion of:

Individuals who believe that they are responsible for what happens to them and that their own actions determine important outcomes are said to have an external locus of control.

What can managers to do promote individual creativity?

The idea that one level of learning affects other levels is part of the _____ principle of creating a learning organization.

When managers cannot assign probabilities of future occurrence to possible alternatives to a decision,this is known as:

Managers in biotechnology know that new drugs have a 10 percent chance of passing advanced clinical trials.This is an example of:

Groupthink is an advantage for groups.

The final step in the decision-making process is the implementation of the alternative solution.