Do you think intuition is a valid approach to making decisions in an organization? Why or why

Question:

Do you think intuition is a valid approach to making decisions in an organization? Why or why not? How might intuition be combined with a rational decision approach?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Understanding Management

ISBN: 978-0324568387

6th Edition

Authors: Richard L Daft, Dorothy Marcic

See More Books

Question Posted: Sep 12, 2012 05:19 AM

See More Questions

Why do you think decision making is considered a fundamental part of management effectiveness?
Do you or your organization use quantitative methods to make decisions If so please give an example Eg what decisions are made What data is collected and analyzed How are the decisions made based on...
Why is intuition still an important aspect of decision making?
The following items are dropped from an airplane. Rank them in order from lowest terminal speed to highest and justify your ranking. (a) Bowling ball (b) Beach ball (c) Spear or javelin (pointing...
The bromine addition test does not distinguish between a double or triple bond. The bromine always adds across the multiple bond to form a trans addition product/s. Write down the equation/s for the...
Consider the following hypothesis statement using a = 0.10 and the following data from two independent samples: H0: p1 - p2 0 H1: p1 - p2 6 0 x1 = 60 x2 = 72 n1 = 150 n2 = 160 a. Calculate the...
3. Why do you think Ivana behaves the way she does?
Use the data in Problem P11-48A to prepare the Crowley Cosmetics statement of retained earnings for the year ended December 31, 2012. Use the Statement of Retained Earnings for Maxim, Inc., in the...
Mauro Products distributes a single product, a woven basket whose selling price is $10 per unit and whose variable expense is $8 per unit. The company's monthly fixed expense is $3,000. Required: 1....
The electric potential at a perpendicular distance r from a long straight wire of cross-sectional radius a is given by V(r) = K In(r/a) Where K is a constant. Calculate the electric field as a...
List some possible advantages and disadvantages to using computer technology for managerial decision making.
Do you see a conflict between todays emphasis on risk taking and learning and the six steps in Exhibit that are associated with effective decision making? Discuss. 1. Recognition of Decision...
Zoey Deng is a payroll accountant at Sucre Foods. Zoey works remotely from home, communicates with colleagues via Zoom, and has a VPN to prevent hackers from accessing the computer data. Which...
Why do you think it is important to consider only relevant costs when conducting a differential analysis for a major purchase? Why not consider all possible costs in your decision? provide specific...
How do power dynamics and influence tactics shape decision-making processes and organizational politics within hierarchical structures ?
How do I answer these given the information below? Loan Amount? Loan to Value? Loan to Cost? Payment amount? Loan Balance at Maturity? Given Information: Property Cost: $1,000,000 Bank Policy on LTV:...
In your initial post, first do the following: Use scholarly references to define Project Management (PM), Systems Development Life Cycle (SDLC), and Application Life Cycle (AL). Then, in the same...
How do concepts of diversity and inclusion vary across different cultural and geographical contexts, and what strategies can multinational organizations employ to navigate these variations...
Luric Company purchased a new car on July 1,1999 , for $\$ 15,000$. The estimated life of the car was four years or 104,000 miles, and its salvage value was estimated to be $\$ 2,000$. The car was...
g(x) = x 5 5x 6 a. Show that g(x) = 0 has a root, , between x = 1 and x = 2. b. Show that the equation g(x) = 0 can be written as x = (px + q) 1/r , where p, q and r are integers to be found. The...
Kodaikanal is an unusual iron meteorite which has a radiometric formation age of 3.8 Ga. This is within the range recorded in the majority of impact-produced rocks from the Moon (3.8 Ga to 4.0 Ga)....
How can an entrepreneur prepare for a potential decline in sales?
Suppose an entrepreneur has built a successful business over several years and now has the opportunity to start another business compatible with the current one. How can the entrepreneur leave the...
If an entrepreneurs business finds itself in trouble, what are the options available to the entrepreneur to attempt to remedy the situation?
If the auditor believes that the financial statements prepared on the basis of the entity's income tax are not adequately titled, the auditor should : A)Issue a resignation of opinion. B)Explain the...
initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses. Your firm, Blue Street Advisors, is an investment management company that is considering...
Question 3 You have been hired to run a pension fund for Mackay Inc, a small manufacturing firm. The firm currently has Gh5 million in the fund and expects to have cash inflows of $2 million a year...

Do you think intuition is a valid approach to making decisions in an organization? Why or why

Question:

Step by Step Answer:

Intuition or a gut feeling especially where it is forthcoming from experie...View the full answer

Understanding Management

Students also viewed these Management Leadership questions