Management assignment

MGT 301

MGT 301 STUDY GUIDE – CHAPTER 9 *

“Managerial Decision Making”

Suggested areas and topics of study in preparation for Exam # 2

The following; as they apply to managerial decision making:

Programmed and non-programmed decisions

Certainty, Risk, Uncertainty, and Ambiguity

Classical Model

Administrative Model

Satisficing

Bounder Rationality

Intuition

Political Model

Why managers make bad decisions

The six steps in the decision making process

The 5 whys

Group Think and “The Devil’s Advocate”

The Theory of Escalating Commitment