DECISION MAKING AND PROBLEM SOLVING
6 important questions on DECISION MAKING AND PROBLEM SOLVING
Alternative Outcomes Under Different Decision-Making Conditions![]()
The three decision-making conditions of certainty, risk, and uncertainty for the decision about whether to promote a new video game to the market.
Rational decision-making approach
A systematic, step-bystep process for making
decisions
evidence-based management (EBM)
The commitment to identify and utilize the best theory and data available to make decisions
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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administrative model of decision making
Argues that managers use bounded rationality, rules of thumb, suboptimizing, and satisficing in making decisions
Nominal group technique
Group members follow a generate-discuss-vote
cycle until they reach a decision
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The Creative Process (look at the figure)
The creative process generally follows the four steps illustrated here. Of course, there are exceptions, and the process is occasionally different. In most cases, however, these steps capture the essence of the creative process.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
