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36 Cards in this Set

  • Front
  • Back
ability to understand computers and to use them to their best advantage
Computer competency
ability to gather, analyze, and use information for decision making and problem solving
information competency
raw facts and observations
data
data made useful for decision making
information
involves systematic gathering and processing of data to make it as useful as information
management with analytics
use IT to collect, organize, and distribute data for use in decision making
information systems
meet the information needs of managers in making daily decisions
management information
involves identifying and taking action to resolve problems
problem solving
choice among possible alternative courses of action
decision
is a situation in which something is obviously wrong or have potential to go wrong
performance threat
is a situation that offers the chance for a better future if the right steps are taken
performance opportunity
straightforward and clear with respect to information needs
structured problems
applies a solution from past experience to a routine problem
programmed decision
have ambiguities and information deficiencies
unstructured problems
applies a specific solution crafted for a unique problem
nonprogrammed decision
occurs when an unexpected problem arises that can lead to disaster if not resolved quickly and appropriately
crisis decision
offers complete information on possible action alternatives and their consequences
certain environment
lacks complete information but offers "probabilities" if the likely outcomes for the possible action alternatives
risk environments
lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternatives
uncertain environment
begins with the identification of a problem and ends with evaluation of implemented solutions
decision-making process
describes decision making with complete information
classical decision making
chooses the alternative giving the absolute best solution to a problem
optimizing decision
involves comparing the costs and benefits of each potential course of action
cost-benefit analysis
describes making decisions within the constraints of limited information and alternatives
bounded rationality
describes decision making with limited information and bounded rationality
behavioral decision model
chooses the first satisfactory alternative that comes to one's attention
satisficing decision
is failure to involve in a decision the persons whose support is needed to implement it
lack-of-participation error
test the ethics of a decision by exposing it to scrutiny through the eye of family, community members, and ethical role models
spotlight questions
are strategies for simplifying decision making
heuristics
bases a decision on recent information or events
availability bias
bases a decision on similarity to other situations
representativeness bias
bases a decision on incremental adjustments from a prior decision point
anchoring and adjustment bias
is trying to solve a problem in the context in which it was perceived
framing errors
occurs when focusing only on information that confirms a decision already
confirmation errors
is the continuation of a course of action even though it is not working
escalating commitment
is the generation of a novel idea or unique approach that solves a problem or crafts an opportunity
creativity