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Decision-Making Process

Decision-Making Process. Mr. Hudnall. What car would you buy if I gave you $100,000?. Was your decision intuitive or rational?. What is the difference between. What comes to mind about:. Intuitive. Rational. Intuitive Decision Making.

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Decision-Making Process

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  1. Decision-Making Process Mr. Hudnall

  2. What car would you buy if I gave you $100,000? Was your decision intuitive or rational?

  3. What is the difference between What comes to mind about: Intuitive Rational

  4. Intuitive Decision Making • Decisions that were made based on intuition or hunches.

  5. Rational Decision Making

  6. Write down the steps you took this morning to decide what to wear to school today Was it an intuitive or rational decision? Were the steps similar to the 6 steps?

  7. Group Decision Making • Using the six steps of the rational decision-making process, each group will decide what food joint should be built on campus. • Have someone take notes on the process—these will be turned in at the end.

  8. Factors Influencing Decisions • Risk in Decision Making • Importance of Timing • Role of Values – Economic vs. Social • Team Decision Making What plays a more critical role in business success—the type of decision makers managers are or their timing in making their decisions?

  9. Types of Management Decision Styles • Autocratic • The manager makes the decision alone, with little or no input from subordinates. • Semi-autocratic • The manager asks subordinates for information needed to make the decision, but still makes the decision alone. • Leading • The manager share the situation with a few selected subordinates and asks them individually for information and advice. • Collaborative • The manager meets with all subordinates as a group to discuss the situation. • Accommodating • The manager and subordinates meet as a group and freely share information. The entire group make the decision.

  10. Question Do you think that most managers prefer leading or collaborative styles of management?

  11. In groups you will role-play management decision styles about managers who must decide which new product line to add before the holiday rush. Use the concepts and vocabulary we discussed.

  12. Management Style? • Research 3 major corporate CEOs and find out what kinds of management styles they use and why. • This will be useful later when you do your Business Leader Biography.

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