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What is the purpose of the Lost at Sea exercise?
To compare decisions made by individuals with decisions made by teams.
The Lost at Sea exercise
asks participants to use a consensus approach to decision-making
Consensus decision making
A decision-making approach where the decision is acceptable to all group members.
2 decision-making motives
Achievement Motive and Power Motive
Achievement Motive
concern for making the most effective decision
Power Motive
Concern for getting one’s own point of view accepted
What outcome does the Power Motive lead to?
The Process of Division.
What outcome does the Achievement Motive lead to?
The Process of Consensus.
What is the difference between advocacy and inquiry?
Advocacy involves stating one's views
Inquiry involves asking questions


Factors that harm consensus building.
Domination
Withdrawal
Quick decision making
Avoiding confrontation
Factors that facilitate consensus building
Concern for others
Listening
Discussing reasoning and logic
Identifying and using resources
Checking for consensus and disagreement
Process orientation
Synergy
The total amount of work produced by a team is greater than the amount produced by individual members working independently.
Raising the White Flag Behaviors
Behaviors where team members give up and withhold effort, including social loafing, self-censorship, and the Abilene Paradox.
Social loafing (free-riding)
A phenomenon where people put forth less effort when working in teams than when working alone.
Self-censorship
When team members don't speak up due to concerns about upsetting others.
Abilene Paradox
When team members agree to a course of action that none of them wants, assuming others want it.
Groupthink
A psychological phenomenon where cohesive group members go along with the group consensus rather than offering their own opinions.
Psychological safety
The shared belief among team members that it is safe to take risks and trust each other.
can reduce self-censorship
What is the difference between groups and teams?
Teams engage in interdependent, collaborative work on a common project, Group members work more independently.
Programmed decisions
Automatic responses to routine and recurring situations.
Non-programmed decisions
Responses to new or non-routine problems with no proven solutions.
Complete rationality in decision-making
We consider and evaluate every single option on every single criterion.
Generally not an accurate representation of how people make decisions

Bounded rationality in decision-making
Making decisions restricted by various constraints, applying a limited number of criteria then evaluate a smaller subset of options meeting those key benchmarks.

What is the difference between maximizing and satisficing?
Maximizing aims to make the best decision
satisficing aims to make an acceptable (good enough) decision.

Heuristics
Shortcuts or 'rules of thumb' that allow us to make judgments and decisions quickly.
Anchoring and adjustment heuristic
Basing decisions on the first piece of information given without considering other factors.
EX: Psychology behind sales. The original price serves as an anchor, so that the sale price then seems like a great deal in comparison.
Representativeness heuristic
Basing a decision on existing mental prototypes and stereotypes.
Example from class: In line with the representativeness heuristic, most of the class assumed that someone who reads horoscopes and enjoys aromatherapy is more likely to work as a holistic healer than a school teacher.
Availability heuristic
Making judgments based on examples and events that readily come to mind.
EX: We are more likely to remember things that are dramatic and vivid, and that are frequently mentioned in the media
Framing effect
How the portrayal of information affects perception, even if the information is logically equivalent.
EX: labeling yogurt as “80% fat free” rather than “20% fat,
Sunk cost bias
the decision to continue an unwise investment based on past investments of time, effort, and/or money
Escalation of commitment
Increased commitment to a decision despite negative information about its consequences.
Creativity
The generation of meaningful ideas by individuals and teams.
Innovation
The creation or development of a new product or service.
Shannon-Weaver Communications Model
A model outlining the sequence of communication and the role of noise in effective communication.
Source —> Encoder —> Channel/Message (Noise) —> Decoder —> Receiver —> Feedback —>
^^KNOW THE SEQUENCE IN ORDER (MODEL)

What is the role of noise in the Shannon-Weaver Communication model?
includes anything that interferes with our ability to communicate effectively and makes communication difficult
What types of communication are mentioned?
Oral, written, electronic, and nonverbal communication.
Oral communication
the exchange of information, ideas, and processes verbally, either one-on-one or as a group
Written communication
the use of the written word in the form of reports, memos, and letters to communicate messages
Electronic communication
the transmission of messages through various types of electronic media
Nonverbal communication
the transmission of wordless cues between people
Examples:
Facial expressions
Gestures
Body language
What is something you learned from the guest session with Jack Gelman?
If creativity and innovation work together, they drive success in improving products
Creativity & Innovation are the lifeblood of successful organizations.
Elevator speech
A short (30 seconds) speech that pitches an idea or concept.
called that b/c it lasts as long as an elevator ride
An audit team agrees to a Saturday work session none of them wants, since each assumes the others want it. This is an example of ________.
abilene paradox
Before the team votes, Megan asks each member to explain how they ranked the options and why. Megan is ____
Inquiry
Tyler cares most about getting the team to adopt his idea, not finding the best answer. Which motive is this?
Power motive
Rather than considering all houses, Caleb and friends only consider 3-bedroom houses near CNU in their budget. This reflects ________.
Bounded rationality
Which statement about satisficers is FALSE?
a. They exhaustively seek the best
b. They accept good enough
c. They can move on after deciding
d. They tend to be happier with outcomes
A firm keeps funding a failing software project because it has already spent $2 million on it. This reflects the _____
sunk cost bias
A bad Zoom connection makes part of a manager’s message hard to hear. In the Shannon-Weaver model, this is an example of ________
noise
Derek needs a message he can review before sending and archive for later. Which type of communication fits best?
Written communication