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What is the ability of the decision maker to discover novel ideas leading to a feasible course of action?
creativity: A decision maker's ability to discover original and novel ideas that lead to feasible alternative courses of action.
What managers do to regulate routine activities?
Managers keep open lines of communication to monitor current activities and assist when employees or projects become unfocused or head in the wrong direction. Communication may include regular meetings, check-in emails, or informal conversations when they cross paths in the office.
When managers know the possible outcomes of a decision?
When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future, this is known as: risk.
How do managers make decisions in the absence of decision rules?
To make decisions in the absence of decision rules, managers may rely upon their intuition or they may make reasoned judgments. When using intuition, managers rely upon feelings, beliefs, and hunches that come readily to mind, require little effort and information gathering, and result in on-the-spot decisions.