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the following questions: 1. What are the steps in rational decision making? 2. What are two models of nonrational decision making? 3. What are four
the following questions: 1. What are the steps in rational decision making? 2. What are two models of nonrational decision making? 3. What are four ethical questions a manager should ask when evaluating a proposed action to make a decision? 4. Competitors using analytics have what three key attributes? 5. What is Big Data? 6. Describe the four general decision-making styles. 7. Discuss the four ineffective and three effective ways that individuals can respond to a decision situation. 8. Name the nine common decision-making biases. 9. What are the advantages and disadvantages of group decision making. 10. What are three group problem-solving techniques? Provide definitions for the following Key Terms: Anchoring and adjustment bias, availability bias, big data, brainstorming, confirmation bias, consensus, decision, decision making, decision-making style, diagnosis, goal displacement, groupthink, intuition, nonrational models of decision making, opportunities, overconfidence bias, predictive analytics, problems, rational model of decision making
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