by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Leading as a Manager?Leading involves influencing others through direction, inspiration, and motivation toward the attainment of organizational objectives. Leading or leadership is the glue that allows for the coordination of people toward a common goal or...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are Common Types of Organizational Structure?Organizational structure defines the roles, responsibilities, and levels of authority within the company. It identifies who supervisors and direct reports. There are many ways to design an organizations structure. Each...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What Factors Affect Organizational Design?The primary factors contributing to the decision of how to the design characteristics of an organization include: Strategy – What is the organizational strategy? How is best promoted by the organizational structure? Size...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Organizing Function of Management?Organizing is the process of assembling the people, organizing resources, and distributing the planned work necessary to carry out the managers plan. How Managers OrganizeOrganizing is driven by goals identified during the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the Common Biases & Errors in Decision-Making?Some common decision-making errors and biases are as follows:Overconfidence BiasIndividuals overestimate or have excessive confidence in their ability to predict or foresee future events. This will cause the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are Models of Decision Making?We will cover four decision-making approaches as follows: Rational decision-making model, Bounded rationality decision-making model, Intuitive decision-making model, and Creative decision-making model. Each of these is discussed...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are some approaches to Management Decision Making?Below are some of the most common approaches used by decision-makers (particularly managers): Expected Value Method Maxi-Max Method Maxi-Min Method Mini-Max Method Each of these is discussed below.What is Expected...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the Conditions for Management Decision Making?Conditions for decision making are common for all individuals. Decisions, however, are subject to conditions of certainty. That is, any decision will vary in the extent to which the decision-maker knows the...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is a Programmed Decision and an Unprogrammed Decision?The response to a problem is generally based upon the nature of the problem. The method of response can generally be characterized as follows: What are Programmed Decisions? Programmed decisions are repetitive...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is a Structured Problem and an Unstructured Problem?Organizational decisions can be further categorized based upon the nature of the problem faced. What are Structured Problems? Structured problems are routine in nature. They commonly occur in a similar or...
