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Chapter 7 Ready Recall - BUS 200

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Chapter 7 Ready Recall 1. Distinguish between the two main types of decisions, giving an example of each. 2. Describe the three conditions under which decision making may occur. 3. List the six... steps of the decision-making process. Why is proper problem identification the most critical step in the decision-making process? 5) Implementing the decision 6) Evaluating the decision 7. Discuss the five factors that affect decision making. 9. What are some of the advantages and disadvantages and disadvantages of group decision making? Advantages: Disadvantages: - Can take a significant amount of time to complete - Can receive irrelevant opinions/ ideas - Some people refuse to share their perspectives during group decision making. 10. Discuss the phenomenon of groupthink and how it affects group decision making. Groupthink is a psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome. Groupthink can produce dehumanizing actions against the “outgroup”. [Show More]

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