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

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Generating creative alternatives to solve problems may require managers to abandon their existing mind-sets.

(True/False)
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Dialectical inquiry is easier to implement than devil's advocacy to blunt the effects of groupthink in group decision making.

(True/False)
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Intrapreneurial managers who leave their current organizations because of a lack of opportunity and start their own companies are known as _____.

(Multiple Choice)
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A skunkworks is 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.

(True/False)
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Decision making in response to threats occurs when managers search for ways to improve organizational performance to benefit customers, employees, and other stakeholder groups.

(True/False)
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Barbara, a school superintendent, hires an additional teacher whenever the student enrollment in a grade goes beyond 35. This can be classified as a(n) _____ decision.

(Multiple Choice)
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Having committed large amounts of manpower and money to his landscaping business, Tony continues to keep the business running despite incurring heavy losses. What is the source of Tony's cognitive bias?

(Multiple Choice)
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The administrative model developed by March and Simon fails to explain why decision making is always an inherently uncertain and risky process.

(True/False)
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The illusion of control causes managers to overestimate the odds of a favorable outcome and, consequently, to make inappropriate decisions.

(True/False)
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Entrepreneurship is the same as management.

(True/False)
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_____ results from the tendency to generalize inappropriately from a small sample or from a single vivid event or episode.

(Multiple Choice)
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The tendency of managers to ignore critical information is not as serious as the existence of incomplete information.

(True/False)
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Discuss the step-by-step model of the decision making process.

(Essay)
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When a group of managers makes a decision, the probability that the decision will be implemented successfully decreases.

(True/False)
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The higher the level of entrepreneurship in a firm, the higher the level of learning and innovation.

(True/False)
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_____ results from overestimating one's own ability to influence actions and events.

(Multiple Choice)
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Discuss the premise of the classical model of decision-making.

(Essay)
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Define entrepreneurship and explain three ways that organizations can promote intrepreneurship.

(Essay)
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Which of the following is an assumption made by the classical model?

(Multiple Choice)
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Allowing individuals to develop a sense of personal mastery is detrimental to organizational learning.

(True/False)
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