Business Decision Making and Strategies: Case Studies and Definitions, Quizzes of Introduction to Business Management

Download Business Decision Making and Strategies: Case Studies and Definitions and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Leslie Fox DEFINITION 1 Bank manager who started an employee of the month. Turn her employees against each other. Employee hall of fame TERM 2 Wal-mart Pulled out of Germany DEFINITION 2 Because germans prefer smaller shopping experiences, and not buying everything at oncee TERM 3 Children's Bookstore DEFINITION 3 People said a successful bookstore in Chicago should expand, but they refused. 10 years later they were out of business TERM 4 Decca Records DEFINITION 4 In 1960, they were a success record company who turned down the Beatles, because "guitar music was on its way out" TERM 5 Programmed Decision Making DEFINITION 5 Routine decision making that follows established rules and guidelines, where we have decisions made before. Mind and heart have been turned off. TERM 6 Non-Programmed Decision Making DEFINITION 6 Decision that occurs in response to unusual,unpredictable, and uniqueopportunities. Use intuition, judgment, and discernment TERM 7 Classical Method DEFINITION 7 We can identify all possible alternatives, evaluate all possible alternatives, and forecast allconsequences. Can be perfectly rational, logical, andanalyticin deciding TERM 8 Administrative Method DEFINITION 8 You will never have all the info and will never know all the consequences. Choose the best "good enough" alternative TERM 9 Groupthink DEFINITION 9 When everyone agrees without thinking through their decisions TERM 10 Chain of Creativity DEFINITION 10 Security, teachability, learning, creativity, and Research and development