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Copyright © Glencoe/McGraw-Hill Slide 1 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions.

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Presentation on theme: "Copyright © Glencoe/McGraw-Hill Slide 1 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions."— Presentation transcript:

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2 Copyright © Glencoe/McGraw-Hill Slide 1 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions In this section: To make good decisions, managers must also be creative. This section discusses: Making Creative Decisions Encouraging Creativity The Meyers Model for Creative Decision Making Barriers to Effective Decision Making

3 Copyright © Glencoe/McGraw-Hill Slide 2 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions What You’ll Learn How managers make creative decisions How to encourage creativity through brainstorming, brainwriting, and wish lists. The six stages of the Meyers model of creative decision making. The four barriers to effective decision making.

4 Copyright © Glencoe/McGraw-Hill Slide 3 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Why It’s Important The most successful companies have managers who know how to make effective decisions..

5 Copyright © Glencoe/McGraw-Hill Slide 4 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Key Terms brainstorming brainwriting

6 Copyright © Glencoe/McGraw-Hill Slide 5 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Making Creative Decisions 1.Preparation 2.Concentration 3.Incubation. 4.Illumination 5.Verification There are five steps to making creative decisions.

7 Copyright © Glencoe/McGraw-Hill Slide 6 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Encouraging Creativity Brainstorming—A group of people coming up with as many different ideas as possible to help solve a problem, without making judgments about those ideas. Brainwriting—Like brainstorming except group members write down their ideas to help solve a problem. Wish Lists—A group solving a problem by imagining they have the power to solve any problem without regard for physical or financial constraints. Managers encourage creativity with these techniques:

8 Copyright © Glencoe/McGraw-Hill Slide 7 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Meyers Model for Creative Decision Making 1.Recognition 2.Fact Finding 3.Problem Finding 4. Idea Finding 5.Solution Finding 6.Acceptance Finding The Meyers Model has six stages for solving a problem.

9 Copyright © Glencoe/McGraw-Hill Slide 8 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Barriers to Effective Decision Making Complacency Avoidance Panic Indecisiveness

10 Copyright © Glencoe/McGraw-Hill Slide 9 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Fig 2-1 Decision-Making Characteristics accepting change listening to customers decentralizing authority hiring carefully training employees continuously controlling costs Successful companies have several decision-making characteristics in common:

11 Copyright © Glencoe/McGraw-Hill Slide 10 of 10 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 8.2 Making Effective Decisions Fact and Idea Review 1.What are the five basic steps to creative decision making? 2.What is the difference between brainstorming and brainwriting? 3.What are the six stages of decision making in the Meyers model? 4.What are the four basic barriers to effective decision making?


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