The correct answer is “B” – classical. See next slide.
There is no one best answer. Each step is important. Ignoring a step will keep managers from making the best decision.
Usually occurs when group members rally around a central manager’s idea , and become blindly commit to the idea without considering alternatives. The group’s influence tends to convince each member that the idea must go forward.
The correct answer is “C” – creativity. See next slide.
19 Entrepreneurs start new businesses and carry out all of the management functions. Entrepreneurs assume all of the risks for losses and receive all of the returns (profits) from their ventures.
19 Intrapreneurs frustrated with the lack of support or opportunity at their firm often leave and form their own new ventures.
Leonard Maltin describes “You’ve Got Mail” as “a long, but entertaining remake of THE SHOP AROUND THE CORNER, with Meg Ryan as the proud proprietor of a neighborhood bookstore, and Tom Hanks as the head of a superstore chain poised to put her out of business.” In Ch 6 – Life Observed – Kathleen (Meg Ryan) and her employees discover the identity of the new construction nearby is a Fox Books Superstore. Kathleen has many decisions regarding her future, the future of her business and that of her employees. Students should be able to discuss alternatives and chances for success of each alternative.
A prescriptive model of decision making that assumes the decision maker can identify and evaluate all possible alternatives and their consequences and rationally choose the most appropriate course of action.
The most appropriate decision in light of what managers believe to be the most desirable future consequences for their organization.
The Classical Model of Decision Making 7- Figure 7.1
Individuals (managers, scientists, or researchers) who work inside an existing organization and notice an opportunity for product improvements and are responsible for managing the product development process.