What is the role of the devil’s advocate in the decision making process quizlet?
Critical analysis of a preferred alternative made in response to challenges raised by a group member who. playing the role of devil’s advocate defends unpopular or opposing alternatives for the sake of argument.
What decision strategy involves choosing the first option that is minimally acceptable or adequate?
In decision-making research. In decision making satisficing refers to the use of aspiration levels when choosing from different paths of action. By this account decision-makers select the first option that meets a given need or select the option that seems to address most needs rather than the “optimal” solution.
Which of the following is a potential advantage of using a group to make a decision?
Which of the following is one of the four categories of business in the BCG matrix?
There are four categories of businesses in the BCG matrix: question marks stars cash cows and dogs.
What is the role of devil’s advocate?
devil’s advocate Latin advocatus diaboli a former office in the Roman Catholic Church the Promoter of the Faith (Latin: promotor fidei) who critically examined the life of and miracles attributed to an individual proposed for beatification or canonization.
How will reflecting on past decisions prepare you for future decisions?
How will reflecting on past decisions prepare you for future decisions? It will give you a set of options for solving problems. If a decision doesn’t turn out as well as you’d hoped … a group to settle on a decision that is “good enough.”
Which of the following represents the first step in the decision making process?
The first step in decision making process is the clear identification of opportunities or the diagnosis of problems that require a decision. Objectives reflect the results the organization wants to attain. Objective is the desired result to be attained when making decisions.
How will you call the concept of setting for a less than perfect solution?
The concept of settling for a less than perfect solution is called satisficing. Because of the limited rationality of the decision maker the model is also known as the bounded rationality model.
What is the second step in the strategic management process?
2. Set goals. Setting goals is the second step of the strategic planning process. Goals can be set for both individual departments and for the business as a whole depending on their purpose.
What is the advantage of group decision making?
An advantage to involving groups in decision-making is that you can incorporate different perspectives and ideas. For this advantage to be realized however you need a diverse group. In a diverse group the different group members will each tend to have different preferences opinions biases and stereotypes.
What is one benefit of group decision making?
On the one hand the advantages of group decision making include: greater sum total of knowledge greater number of approaches more alternatives increased acceptance of a decision and better comprehension of a problem.
How do group makes decision?
Group members vote on their preferences either privately or publicly. These votes are then used to select a decision either by simple majority supermajority or other more or less complicated voting system. Unanimity. A consensus scheme whereby the group discusses the issue until it reaches a unanimous agreement.
What do the four quadrants of the portfolio analysis represent?
What do the four quadrants of the portfolio analysis represent? Stars Cash Cows Question Marks Dogs. What are the four growth strategies? They are market penetration strategy market development strategy product development strategy and diversification strategy.
Does every company have all the four categories of the BCG matrix?
BCG Model puts each of a firm’s businesses into one of four categories. The categories were all given remarkable names- Cash Cows Stars Dogs and Question Marks.
Which are the four quadrants in the BCG portfolio model?
The four quadrants are designated Stars (upper left) Question Marks (upper right) Cash Cows (lower left) and Dogs (lower right). Place each of your products in the appropriate box based on where they rank in market share and growth.
What does Devil’s Advocate mean example?
someone who pretends in an argument or discussion to be against an idea or plan that a lot of people support in order to make people discuss and consider it in more detail: I don’t really believe all that – I was just playing devil’s advocate. SMART Vocabulary: related words and phrases.
Why is it called devil’s advocate?
How do you use the devil’s advocate?
- I agree with what you say but I’ll play devil’s advocate so that we can cover all the possibilities that may arise.
- He offered to play devil’s advocate and argue against our case so that we could find out any flaws in it.
Which steps are recommended for establishing a process or method for making decisions?
- identify the problem or opportunity.
- think of alternative solutions.
- evaluate alternatives and select a solution.
- implement and evaluate the solution chosen.
Is the idea that proposes that the ability of decision makers to be rational?
Explanation: “Bounded rationality” is often used in decision making. It is given by the idea that when any individual makes any decision the rationality of that individual is restricted by the information that they posses and the time they take to make a decision.
When confronted with a decision on an action manager should utilize blank which includes these four questions?
When confronted with a decision on an action managers should utilize ________ which includes these four questions: “Is the proposed action legal? If yes does the proposed action maximize shareholder value? If yes is the proposed action ethical? If no would it be ethical to take the proposed action?”
What is the most important step in decision-making process?
To make a decision you must first identify the problem you need to solve or the question you need to answer. Clearly define your decision. If you misidentify the problem to solve or if the problem you’ve chosen is too broad you’ll knock the decision train off the track before it even leaves the station.
Which step in the decision-making process involves conveying the decision to those affected by it and getting their commitment to it?
Step 6: Selecting an alternative – The sixth step involves choosing the best alternative from among those considered. Step 7: Implementing the alternative – Implementation involves conveying the decision to those affected by it and getting their commitment to it.
What is the importance of decision-making?
Decision-making is perhaps the most important component of a manager’s activities. It plays the most important role in the planning process. When the managers plan they decide on many matters as what goals their organisation will pursue what resources they will use and who will perform each required task.
What is the role of optimization in decision-making?
Decision optimization is a branch of mathematics that deals with maximizing the output from a large number of input variables that exert their relative influence on the output. It is widely used in economics game theory and operations research with some application in mechanics and engineering.
Why is it better to Satisfice rather than maximize in decision-making?
A recent study showed something interesting: Maximizers make better choices but Satisficers enjoy their choices more and spend less time and create less stress in making the choice.
What is Herbert Simon’s theory of bureaucratic decision-making called?
He is best known for his work on corporate decision making also called behaviorism. The Herbert Simon Decision Making Theory first appeared in his renowned book Administrative Behavior (1947). … In other words implementing a decision is as important as making that decision.
What is the second step in the strategic management process quizlet?
Establish the mission and the vision. The second step of the Strategic-Management Process: Establish the grand strategy with environmental scanning.
What is the second step in the operational planning process?
What is the second step in the operational planning process? Use marketing metrics to monitor how the plan is working.
Which of the following takes place during Step 3 of the planning process?
Which of the following takes place during Step 3 of the planning process? Goals and plans are evaluated. The goal and plan selection step of the formal planning process follows which of the following steps? Goal and plan evaluation.
What is the significance of group thinking in the context of decision making?
Group decision making provides two advantages over decisions made by individuals: synergy and sharing of information. Synergy is the idea that the whole is greater than the sum of its parts. When a group makes a decision collectively its judgment can be keener than that of any of its members.
What is group decision making and why is it important?
Because the performance of a group involves taking into account the needs and opinions of every group member being able to come to an equitable decision as efficiently as possible is important for the functioning of the group.
How does groupthink affect decision making?
Therefore the impact of groupthink includes the following:
Lack of creativity. Overconfidence in groupthink negatively impacts the profitability of an organization. Optimal solutions to problems may be overlooked. Lack of feedback on decisions and hence poor decision-making.
What can a leader do to improve decision making processes in a group meeting?
- Be mindful. What is the desired outcome? …
- Don’t act bureaucratically. Avoid “My way or the highway.” …
- Don’t drag decision making out too long. Avoid “analysis paralysis.” …
- Trust yourself. Trust your team. …
- Add resources. Remove obstacles. …
- Read the Group.
Playing Devils Advocate
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