Administrative model of decision-making Bounded rationality A coalition Risk pro

Question

Administrative model of decision-making Bounded rationality A coalition Risk propensity Suboptimizing Intuition Prospect theory Escalation of commitment Simple personal preferences Because you cannot make both marketing and production happy with your decision about the new toy design, you have to engage in when making the decision. Because it isn't very important to you, you glance at the menu and order the first thing that sounds good. You have engaged in ordering your lunch In general, ethical dilemmas for managers tend to center on direct personal gain, indirect personal gain, or Simple personal preferences in

Explanation / Answer

1.Because you cannot make both marketing and production department happy in making a new toy decision you have to engage in_____________when making the decision

Answer

Coalition -an informal alliance of individuals or groups to achieve a common goal

2.Because it isn’t very important to you, you look at the menu and order the first thing that sounds good. You have engaged in_____________ ordering your lunch

Answer

Satisficing

3.Ethical dilemmas for managers may center on direct personal gain, indirect personal gain, or ---------------------

Answer

Simple personal preferences- for no other rational reason may cause ethical dilemmas

4.Not long after hiring ted you think you have made mistake and question both his jobs and skills fit. You really liked him during the interview and try to coach him instead of firing him.

Answer

Escalation of commitment – the decision maker sticks to a decision even if the decision remains wrong, due to time & effort already invested or self justification

Here I am trying to retain Ted even though I know he may be a wrong fit apparently .i am trying justify my previous decision for hiring him

5.CASE STUDY

Answer

Sub optimizing – accepting less than optimal outcome to avoid negative aspects on other aspects of organisation

I know Mike is the best and Alex is only next to him. But still I hire Alex to avoid paying more to Mike

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.