Organisational Management: Managerial Decision Making

These flashcards cover key concepts from the lecture on managerial decision making in organizational management.

Decision-Making Process

A process involving the identification of problems and opportunities and the subsequent selection of alternatives among them.

Cynefin Framework

A sense-making framework that categorizes problems based on their complexity and the appropriate management response.

Programmed Decisions

Decisions made for routine situations based on established guidelines and rules.

Nonprogrammed Decisions

Decisions that are made in response to unique, poorly defined, or unstructured situations requiring creative solutions.

Decision-Making Steps

The sequential steps including recognition of decision requirement, diagnosis and analysis, development of alternatives, selection, implementation, and evaluation.

Personal Decision Styles

Individual differences in decision-making approach, including analytical, directive, behavioral, and conceptual styles.

Cognitive Biases

Systematic patterns of deviation from norm or rationality in judgment, which can impair decision-making.

Innovative Decision Making

Utilizing modern tools and methods such as evidence-based approaches, creative techniques, and technology to improve decision quality.

Organisational Culture

The shared values and norms that influence behavior and decision-making within a group or organization.

Leadership Decision-Making

The process through which leaders make decisions, influenced by their values and the organizational culture.