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MGT 420 Topic 5 decision making

Published on Mar 04, 2016

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

Decision Making

Topic 5 - Page 189
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2.

Decision Environments

  • Certain environments
  • Risk environments
  • Uncertain environments
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3.

What is
Organized Anarchy

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4.

Types of decisions

  • Programmed Decisions
  • Nonprogrammed decisions
  • Associated choices
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5.

figure 17.1

6.

Herbert Simon - satisficing

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7.

Garbage Can Model

Photo by Ed Yourdon
8.

Heuristics - simplifying strategies or 'rules of thumbs' used to make decisions

Photo by JD Hancock
9.

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  • Availability heuristic
  • Representative heurestic
  • Anchoring & Adjustment heuristic
Photo by JD Hancock
10.

How do you choose which problem to address?

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11.

How do you choose which problem to address?

  • might problem resolve itself ?
  • is this my decision to make ?
  • is this a solvable problem within the context of the organization ?
Photo by Anders V
12.

Who should participate in decision?

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13.

Authority decisions
Consultative decisions
Group decisions

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14.

figure 17.2

15.

Knowing when to quit

eliminating escalating commitments
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16.

AI - Artificial Intelligence

Photo by Fran Simó ( I dreamed about a human being )
17.

page 203 ethics

18.

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19.

Conflict & Negotiation

Page 205
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20.

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