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Chapter 5
Dukes
22
Management
Undergraduate 3
10/06/2014

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Term
Planning
Definition
Choosing a goal and developing a method or strategy to achieve that goal.
Term
Disadvantages of Planning
Definition
Impedes change
false sense of certainty
Detachment of planners
Term
Advantages of Planning
Definition
Effort
Persistence
Direction
Task Strategies
Term
Planning Steps
Definition
1. Set goals
2. Develop commitment
3. Develop effective action plans
4. Track progress toward goal achievement
5. Maintain flexibility
Term
S.M.A.R.T.
Definition
Specific
Measurable
Attainable
Realistic
Timely
Term
Goal Commitment
Definition
The determination to achieve a goal
Term
How to Develop Commitment
Definition
Set goals participatively
Make goals public
Obtain top management support
Term
Action Plan
Definition
Specific Steps: How
People: Who
Resources: What
Time Period: When
Term
Proximal Goals
Definition
Short term or sub goals
Term
Distal Goals
Definition
Long term or primary goals
Term
Options-based planning
Definition
Making small, simultaneous investments in many alternative plans
Leave comments open by maintaining slack resources
Term
Levels of Planning: Top Managers
Definition
Strategic plans
Purpose statement
Strategic Objectives
Term
Levels of Planning: Middle Managers
Definition
Tactical Plans
Management-By-Objectives
Term
Levels of Planning: First-Line Managers
Definition
Single-use Plans
Standing Plans - policies, procedures, rules & regulations
Budgets
Term
Rational Decision Making
Definition
A systematic process in which managers define problems, evaluate alternatives, and choose optimal solutions
Term
Steps of Rational Decision Making
Definition
Define the problem
Identify decision criteria
weight the criteria
Generate alternative courses of action
Evaluate each alternative
Compute the optimal decision
Term
Advantages of Group Decision Making
Definition
Ideas
Information
Alternatives
Commitment
Term
Disadvantages of Group Decision Making
Definition
Groupthink
Time consuming
Domination
Less accountability
Term
Group Decision Making: Structured Conflict
Definition
C-Type v. A-Type
Devil's Advocacy
-Generate a potential solution
-Assign devil's advocate to criticize and question the solution
-Present critique of the potential solution to decision makers
-Gather additional relevant information
-Decide whether to use, change, or not use the original solution
Term
Group Decision Making: Nominal Techinique
Definition
-Members individually write down as many problem definitions and alternative solutions
-Group leader asks each group member to share one idea at a time with the group
-Group discusses advantages and disadvantages of ideas
-Members independently rank the ideas presented
-Members read their rankings aloud
-Idea with the highest average rank is selected.
Term
Group Decision Making: Delphi Techinique
Definition
Members of a panel of experts respond to questions and to each other until reaching agreement on an issue
-Assemble a panel of experts
-create a questionnaire of open ended questions
-panel members' written responses are analyzed, summarized, and fed back to the panel for reactions
-continue process until panel reaches an agreement.
Term
Group Decision Making: Electronic Brainstorming
Definition
4 Rules
-The more ideas, the better
-Use ideas to generate more ideas
-all ideas are acceptable
-criticism or evaluation of ideas is not allowed
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