12.1.2. Key Characteristics

Try these first

1. 1.

   What does it mean for decision-making to be goal-oriented?

   Hint

   Think of what guides a company in their strategies.

2. 2.

   Name one characteristic of dynamic decision-making.

   Hint

   Consider how situations can shift frequently.

3. 3.

   What does goal-oriented decision-making focus on?

   • Achieving objectives
   • Maximizing profits
   • Increasing employee satisfaction

   Hint

   Consider what guides organizational strategies.

4. 4.

   True or False: Dynamic decision-making does not need to adapt to market changes.

   • True
   • False

   Hint

   Think about how businesses respond to new challenges.

5. 5.

   Consider a company that has a set of strategic goals but faces rapid technological changes in its industry. Create a decision-making framework that includes goal-oriented, dynamic, multidimensional, and risk-oriented characteristics and justify your approach.

   Hint

   Use real-world examples of technology shifts to justify your framework.

6. 6.

   Analyze a recent organizational decision in a company of your choice. Evaluate how it aligns with the four key characteristics and propose improvements based on your analysis.

   Hint

   Consider how the decision could have better aligned with the characteristics discussed.