Decision making reading/study notes
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- 1. INTRODUCTION TO DECISION MAKING
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DECISION MAKING READING/STUDY NOTES For Mgt. 458 – Fall 2008 - Rex Mitchell These notes are intended to assist you in focusing on important concepts about decision making. They particularly supplement and provide guidance on what to emphasize in your readings in the Williams (2002) book, plus some of the assigned readings from my web site. The class schedule outlines when each of the following numbered sections is particularly applicable to our work in class. 1. INTRODUCTION TO DECISION MAKING * Read my Web module (A Basic Decision Making Model); study in detail, then read W. ch.1, p.1-3, 6-12, 16-19. Re the Williams pages, note: * Many decisions don't require much thought or special effort * Our primary focus is on improving the more complex, important decisions * Creativity is important, in combination with critical thinking * I have a major disagreement with the way Williams describes "rational decision making" o He presents it as an extreme, abstract, unrealistic, never-used ideal (p.4-5, 13-15), which is why I don't recommend that you read those pages o Everyone else in the field deals with rational decision making as a basic decision making process that is used to varying degrees of detail and thoroughness in various situations * Description and example on p.5 (bottom) - 12 are OK * p.16-19 are good, re bounded rationality and effective use of rational problem solving Directory: ~hfmgt001 ~hfmgt001 -> Two crises in cuba the Bay of Pigs Debacle (A) ~hfmgt001 -> Comparison of two leaders ~hfmgt001 -> Two crises in cuba bay of Pigs Debacle (B) a quagmire of Groupthink ~hfmgt001 -> Watergate affair ~hfmgt001 -> Notes on pfeffer book ~hfmgt001 -> The insufficiency of honesty ~hfmgt001 -> Strategy Formulation Download 54 Kb. Share with your friends:
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