1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
4vir4ik [10]
3 years ago
5

Decision-Making Styles. When making decisions, individuals often display a personal style that reflects how they perceive what i

s happening around them and how they process information. These decision-making styles are determined by two dimensions: value orientation and tolerance for ambiguity orientation. Value orientation focuses on the individual’s concern for task and technical matters as opposed to people and social concerns. Tolerance for ambiguity orientation measures how much the person needs structure and control (a desire for low ambiguity) as opposed to being able to thrive in uncertain situations (a desire for high ambiguity). These two orientations, with their low and high dimensions, result in four styles of decision making—directive, analytical, conceptual, and behavioral:
1. Directive style Individuals with a directive style have a low tolerance for ambiguity and are oriented toward task and technical concerns in their decision making. These people tend to be efficient, logical, pragmatic, and systematic in their approach to problem solving. They also like to focus on facts and to get things done quickly. In short, they are action oriented. In addition, they tend to have a very short-run focus, like to exer- cise power, want to be in control, and display an autocratic type of leadership style.


2. Analytical style Analytical decision makers have a high tolerance for ambiguity and a strong task and technical orientation. These people like to analyze situations; in fact, they often tend to overanalyze things. They evaluate more information and alternatives than do directive decision makers. They also take a long time to make decisions, but they respond well to new or uncertain situations. They tend to be autocratic.


3. Conceptual style Decision makers with a conceptual style have a high tolerance for ambiguity and for strong people and social concerns. They take a broad perspective in solving problems, and they like to consider many options and future possibilities. These decision makers discuss things with many people in order to gather a great deal of information, and they also rely on intuition. Additionally, they are willing to take risks, and they tend to be good at discovering creative solutions to problems. At the same time, however, they can foster an idealistic and indecisive approach to decision making.


4. Behavioral style The behavioral-style decision maker is characterized by a low toler- ance for ambiguity and for strong people and social concerns. These decision makers tend to work well with others and like situations in which opinions are openly exchanged. They tend to be receptive to suggestions, supportive, and warm and prefer verbal to written information. They also tend to avoid conflict and be overly concerned with keeping everyone happy. As a result, these decision makers often have a difficult time saying no to people, and they do not like making tough decisions, especially when it will result in someone being upset with the outcome.

Style Implications. Research reveals that decision makers typically rely on two or three styles, and these will vary by occupation, job level, and culture. For example, analytical decision makers make decisions rapidly, but they also tend to be autocratic in their approach to doing things. Conceptual decision makers are innovative and willing to take risks, but they often are indecisive. These styles also help to explain why different managers will arrive at different decisions after evaluating the same information. In particular, the decision-making styles model is useful in providing insights regarding how and why people make decisions, as well as offering guidelines regarding how to deal with these decisions.

Identify four decision-making styles.
a. Which style makes decisions quickly, is innovative, takes risks, and tends to be indecisive?
b. Which style uses an open exchange of ideas, works well with others, and is receptive to suggestions?
c. Which style evaluates information, takes a long time to make decisions, and tends to be autocratic?
d. Which style is task-oriented and uses a logical, pragmatic, and systematic approach to decision making?
Business
1 answer:
Anestetic [448]3 years ago
5 0

Answer: The four decision making styles are the Directive, Analytical, Conceptual, and Behavioral styles.

Explanation:

A. The conceptual style decision makers willingly take risks, are innovative, and most times, are indecisive.

B. The Behavioral style decision makers like obtaining opinions from others, they are accommodating, and welcome suggestions from people.

C. Analytical style decision makers take a lot of time to make decisions. They over - analyze matters, consider more alternatives, and are autocratic.

D. Directive style decision makers are task oriented, logical, pragmatic in their approach to problems, and are prone to take action.

You might be interested in
In a perfectly competitive market, a. every seller tries to undercut the prices charged by its rivals. b. every seller takes the
Shkiper50 [21]

In a perfectly competitive market, every seller takes the price of its product as set by market conditions.

<h3>What is a Perfect Competitive Market?</h3>

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information and no transaction costs. There are a large number of producers and consumers competing with one another in this kind of environment.

Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.

<h3>What are some examples of Perfectly Competitive Markets?</h3>

3 Perfect Competition Examples

  1. Agriculture: In this market, products are very similar. Carrots, potatoes, and grain are all generic, with many farmers producing them.
  2. Foreign Exchange Markets: In this market, traders exchange currencies.
  3. Online shopping: We may not see the internet as a distinct market.

Thus, we can say that the correct option is B.

Learn more about Perfectly Competitive Markets on:

brainly.com/question/8753703

#SPJ4

8 0
2 years ago
You are ready to buy a house, and you have $20,000 for a down payment and closing costs. Closing costs are estimated to be 4% of
Bess [88]

Answer:

So we can offer for the house $180119.95

Explanation:

Monthly income =$4000

Monthly mortgage payment allowed (P)= 25% of 4000= $1000

Interest rate per month (i)= 0.5%

Number of months in total (n)= 30*12= 360

Maximum loan affordable = P*(1-(1/(1+i)^n))/i

=1000*(1-(1/(1+0.5%)^360))/0.5%

=$166791.61

Closing cost is 4% of loan value = 166791.61*4% =$6671.66

Balance Amount left for down payment = 20000-6671.66

=$13328.34

It means we can pay $6671.66 for closing cost of Loan and $13328.34 for down payment.

Cost of house paid maximum = Down payment + Affordable loan

=13328.34+166791.61

=$180119.95

So we can offer for the house $180119.95

7 0
3 years ago
A business practice associated with globalization involves business moving manufacturing and service centers to countries where
Law Incorporation [45]
Im so sure but I can help you later just give me a few minutes
3 0
2 years ago
Jim is one of several general partners who own beef n beer, a small chain of restaurants located in missouri and illinois. jim i
navik [9.2K]
If Jim was able to convince other partners to go along with his idea, then it is most likely that the beef n beer will could have the ability to gain shares of ownership traded on a stock exchange, it could be same as a corporation because the corporation could provide that. For having a master limited partnership enables Jim to have publicly traded securities, as well as having benefits in terms of the tax.
5 0
3 years ago
Rivalry-related competitive pressures are being intensified by the efforts of rivals to expand their product lines and offer wid
VARVARA [1.3K]

Answer:

True

Explanation:

The pressure that are competitive are considered to be intensified via the competitors efforts in order to diversify the product lines and the other things at the wider area that wore the performance based yoga and the apparel related to the fitness

So as per the given statement, the statement is true

hence, the option a is correct

8 0
3 years ago
Other questions:
  • Managers who must be familiar with the equal employment opportunity commission regulations are __________ managers.
    11·1 answer
  • If left to the private market, the amount of fire protection provided in a city would be ________ than it is now, and free rider
    13·1 answer
  • Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's
    5·1 answer
  • The General Fund of the City of Snake River operates on a calendar year basis. It sends bills to property owners on January 2. T
    15·1 answer
  • 1. A country’s national saving is 20% of its national income and it needs $4 worth of capital for producing $1 worth of goods an
    8·1 answer
  • If the price level is fixed and autonomous expenditures rise by $40, then the multiplier model would predict that the aggregate
    13·1 answer
  • You are a salesperson in a vitamin store. What steps can you take to move up the company?
    12·1 answer
  • .................. people lack enthusiasm.
    12·1 answer
  • In a perpetual inventory system, inventory is initially recorded at ______.
    7·1 answer
  • If a firm decides to increase the depth of its offerings to address consumer preferences, what will it do
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!