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Organizational Behaviour - Decision Making
Organizational Behaviour - Decision Making
14
Business
Undergraduate 1
04/15/2011

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Cards

Term
Decision Making
Definition
A concious proces of making choices among alternatives with the intention of moving toward some desired state of affairs.
Term
Rational Choice Paradigm
Definition
A deeply held perspective that people should or actually do make decisions based on purelt logic or rationality.
Term
Subjective expected utility
Definition
A rational choice calculation of the expected satisfaction or positive emotion experienced by choosing a specific alternative in a decision.
Term
bounded rationality
Definition
– Processing limited and imperfect information and satisficing rather than maximizing when choosing alternativces.
Term
Implicit favourite
Definition

a perferred alternative that the decision maker uses repeatedly as a comparison.

Term
Satisficing
Definition
 selecting a solution that is satisfactory or ‘good enough’ rather than the optimal or ‘the best’
Term
Scenario planning
Definition

– A systematic process of thinking about alternative futures and what the organization should do to anticipate and react to those environments.

 

Term
Intuition
Definition

- The ability to know when a problem or opportunity exists and to select the best course of action without concious reasoning.

Term
Postdecisional justification
Definition

The tendency for people to support their selected alternative in a decision by forgetting or downplaying the negative features of the selected alternative, emphasizeing its positve featuers and doing the opposite for alternatives not selected.

 

Term
Escalation of commitment
Definition
– the tendancy to repeat an apparently bad decision or allocate more resources to a failing course of action
Term
Prospect theory
Definition

An effect in which losing a particular amount is more disliked than gaining the same amount.

Term
Employee involvement
Definition
The degree to which employees influence how their work is organized and carried out.
Term
Creativity
Definition

– The development of original ideas that make a socially recognizable contribution.

Term
Divergent thinking
Definition
 reframing the problem in a unique way and generating different approaches to the issue.
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