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    人民大2024管理学原理(第10版)英文教师手册robbinscoulter_fom10_im_04.docx

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    人民大2024管理学原理(第10版)英文教师手册robbinscoulter_fom10_im_04.docx

    CHAPTER4FOUNDATIONSOFDECISIONMAKING1.EARMNGoutcomesAfterreadingthischapter,studentsshouldbeableto:4-1.Describethedecision-makingprocess.4-2.Explainthethreeapproachesmanagerscansctomakedecisions.4-3.Describethetypesofdecisionsanddecision-makingconditionsmanagersface.44.Discussgroupdecisionmaking.4-5.Discusscontemporarj,issuesinmanagerialdecisionmaking.ManagementMjlhMyth:Agooddecisionshouldbedefinedbyitsoutcome.Truth:Agooddecisionshouldbejudgedbytheprocessused,nottheresultsachieved.SUMMRYTheoverallqualityofamangcr,sdecisionsgoesalongwayindetermininganorganization'ssuccessorfailure.Thischapterfocusesonthetypesofdecisionsmanagersmakeandhowhcyshouldbemade.TeaChinETips:Havestudents(hinkalx)utimportantdecisionstheyhavemaderecently.Questionsforstudentstoconsider:1. Didtheyfollowaseriesofstepstothinkthroughwhilemakingthisdecision?2. Wasthereahighdegreeofuncertainlyinvolvedinmakingthedecision?3. WasagroupofpeopleinvolvedinmakingIhisdecision?Ifso,didIhegrouphelporhurtthedecision-makingprocess?1. HOVVDOMANAGERSMAKEDECISIONS?A. Introduction1. Decisionmakingistypicallydescribedas“choosingamongalternatives.02. Thisissimplisticbecausedecisionmakingisaprocess.a)SccExhibit4-1illustratingthedecision-makingprocess.B. Whatdefinesadecisionproblem?1. Thedecision-makingprocessbeginswiththeidentificationofaproblem(StepI),adiscrepancybetweenanexistingandadesiredstateofaffairs.a)Pfizersalesmanagerexample.2. P11)blcmidentificationissubjective.3. Themanagerwhobymistakesolvesthewrongproblemperfectly,islikelytoperformjustaspoorlyasthemanagerwhofailstoidentifytherightproblemanddocsnothing.a) Howdomanagersbecomeawarethattheyhaveadiscrepancy?b) ManagerscomparetheirCUITentstateofaffairsagainstanacceptablestandard.1) Pastperformance.2) l*reviouslysetgoals.3) Performanceofsomeotherunitwithintheorganizationorinotherorganizations.C. WhatIsRelevantintheDecision-MakingProcess?1.Onceaproblemisidentite(l.thedecisioncriteriamustbeidentified(Step2).2. Car-buyingexamplecontinued.3. Everydecisionmakerhascriteria-explicitlystaledornotthatguidehis/herdecision.a)Whatisnotidentifiedisasimportantaswhatis.D. HowDoestheDecisionMakerWeighttheCriteriaandAnalyzeAlternatives?1. ItisnecessarytoallocateweightstotheitemslistedinStep2inordertogivethemtheirrelativepriorityin(hedecision(Step3).2. Asimpleapproach,give(hemostimportantcriterionaweigh!oftenandthenaj>signweights(oIhcreslagainstthatstandard.a)Exhibil4-2liststhecrileriaandweightsinacar-buyingdecision.3. Thenthedecisionmakerlists(healtemalivesthatCOUIdsucceedinresolvingthep11>blem(Step4).a)Noattemptismadetoappraisethesealternativeonlytolistthem.4. Onceidentified,thedecisionmakermuslcriticallyanalyzeeachallernalive(Step5).a) Eachalternativeisevaluatedbyappraisingitagainst(hecriteriaandweightsestablishedinStepS2and3.1) Exhibit4-3showstheassessedvaluesforeachvehicle;itdoesnoreflecttheweightingdoneinStep3.b) Ifyoumultiplyeachalternativeassessmentagainstitsweight,yougelExhibii3-4.c) Notice(hattheweightingof(hecriteriahaschangedthe11nkingoalternativesinourexample.E. WhatDeterminestheBestChoice?1. ThecrilicalactochoosingthebestahemalivefromamongIhOSeenumeratedandassessed(Step6).F. WhatHappensInDecisionImplementation?1. Thedecisionmaystillfailifitisnotimplementedproperly(Step7).2. Decisionimplementationincludesconveyingthedecisiontothoseaffectedandgettingtheircmmi(11>enttoit.3. ThepeoplewhomustCaITyoutadecisionarcmostlikelytoenthusiasticallyendorsetheoutcomeiftheyparticipateinthedecision-makingprocess.G. Whatisthe1.astStepintheDecisionProcess?1. Thelaststep(Step8)appraisesIhCresultofthedecisiontoseewhetherithascorrectedtheproblem.2. DidthealternativechoseninStep6andimplementedinStep7accomplishthedesiredresult?H. CommonErrorsCommittedintheDecision-MakingPrOCeSSI. Makingdecisionsismakingchoices.J. Heuristicsare"rulesofthumb"thatmanagersusetoSimPlifytheirdecisionmaking.K. Exhibit4-5identifies12commondecisionerrorsandbiasesthatmanagersmake.L. Somecommonmistakes:a>Overconfidencebias-theythink(heyknowmorethan(heydoorholdunrealisticallypositiveviewsofthemselvesandtheirperformance.b) Immediategruhficuiionbias-describesdecisionmakerswhotendtowantimmediaterewardsandtoavoidimmediatecosts.c) Anchoringeffect-describeswhendecisionmakersfixateoninitialinformationasastartingpointandthen,onceset.failtoadequatelyadjustforsubsequentinformation.d) Selectiveperceptionbias-whendecisionmakersselectivelyorganizeandinterpreteventsbasedontheirbiasedperceptions.e) Confirnuiiionbias-decisionmakerswhoseekoutinfonnationthatreaffirmstheirPaSlchoicesanddiscountinfonnationthatcontradicts>asjudgments.f) Framingbias-whendecisionmakersselectandhighlightcertainaspectsofasituationwhileexcludingoilwrs.g) Availabilitybias-whendecisionsmakerstendtorc11>c11bereventsthatareIhemostrecentandvividintheirmemory.h) Representationbias-whendecisionmakersassessthelikelih(lofaneventbasedOnhowclosel

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