Demographics and Decision Making Lecture

Fill-in-the-blank flashcards covering major concepts from the lecture on how demographics influence decision making.

When serving the sector, decision makers must consider the viability of public programs and changes in public services.

public

Marketplace analysis and product viability are primary demographic considerations when serving the sector.

private

In the private sector, decision makers must assess whether there is an adequate force in place.

labor

Most strategic choices in an organization are made by the rather than by a single CEO.

top management team

Decision-making styles vary with factors such as age, tenure, education, and .

gender

Younger decision makers are generally more willing to undertake organizational .

change

As decision makers age, they tend to prefer established and hesitate to challenge rules.

routines

Older managers typically take longer to reach a decision because they seek more .

information

Because of concerns about financial and career security, older decision makers are more likely to avoid decisions.

risky

Older decision makers are better able to diagnose the of information.

value

Top management teams with longer shared tenure tend to make more effective decisions and experience less .

conflict

CEO tenure influences organizational performance indirectly by shaping the TMT's and entrepreneurial pursuits.

risk propensity

Boards may hire CEOs with specific experience in areas like mergers and to guide strategic change.

acquisitions

Managers with higher education levels are generally more open to changes in corporate .

strategy

Highly educated managers engage in more spanning, seeking information beyond their own silo.

boundary

Greater educational attainment improves a manager's ability to deal with and complexity.

ambiguity

Compared with men, women place greater value on and money during the decision-making process.

time

Women tend to focus on the potential of decisions, whereas men concentrate on analysis and objective definition.

consequences

The primary hormone released during stress, which raises blood sugar and fuels the brain with glucose, is .

cortisol