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Exam (elaborations)

Mngt 3100 Belsito Ch. 5 & 6 - Exam 3 Questions With 100% Correct Answers

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MNGT 3100 BELSITO CH. 5 & 6 - EXAM 3 QUESTIONS WITH 100% CORRECT ANSWERS

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Information that can be interpreted in multiple and often conflicting ways. Example:
Young woman or Old woman?


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Ambiguous Information




Devil's advocacy is


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the role of one group member to critically analyze a preferred alternative
to determine its strengths and weaknesses

,The most appropriate decision in light of what managers believe to be the most
desirable consequences for the organization.


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Optimum Decision




Planning, in large companies, takes place at the corporate, business and ____ levels.


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functional




An approach to decision making that explains why decision making is inherently
uncertain and risky and why managers usually make satisfactory rather than optimum
decisions.


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The Administrative Model




Driving the organization's total costs down below the total costs of rivals.


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, Low-Cost Strategy




An organization in which managers try to maximize the ability of individuals and
groups to think and behave creatively and thus maximize the potential for
organizational learning to take place.


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Learning Organization




A plan that indicates in which industries and national markets an organization intends
to compete.


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Corporate-Level Strategy




Managers invest in establishing production operations in a foreign country
independent of any local direct involvement.


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Wholly Owned Foreign Subsidiary

, International Traders sells items in its stores that are made in countries around the
world. International Traders is engaged in


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importing




Google
”To organize the world’s information and make it universally accessible and useful.”
Twitter
“To give everyone the power to create and share ideas and information instantly,
without barriers.”
Facebook
“To give people the power to build community and bring the world closer together.”


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Three Mission Statements




Nonroutine decision making that occurs in response to unusual, unpredictable
opportunities and threats.
•Developing a new technology.
•Starting a new business.
•Entering a new market.


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Nonprogrammed Decisions

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