Question

based on the work of march and simons administrative model of decision making, the first step in the managerial decision-making process is to
choose among alternatives.
assess alternatives.
implement the chosen alternative.
recognize the need for a decision.
question 33 (2 points)
the marketing managers of compliant, ltd., are so determined to agree on an important decision to launch a product that they ignore information that a similar product already exists in the market and that the barriers to entry into the market are high. this refers to which decision-making process?
dialectical inquiry
devils advocacy
groupthink
intuition
question 34 (2 points)
why is group decision making considered beneficial?
it takes less time than individual decision making.
it is easy to get two or more managers to agree to the same solution.
it allows more information processing and correction of errors.
it cannot be undermined by biases.

Explanation:

• Question 32: According to March and Simon's administrative model, the first step in managerial decision - making is to recognize the need for a decision. Without recognizing the need, other steps like choosing, assessing, or implementing alternatives cannot occur.
• Question 33: Groupthink is when a group is so focused on agreement that they ignore contrary information. Here, the marketing managers ignore market information (similar product and high barriers) to agree on launching the product.
• Question 34: Group decision - making allows more information processing (as multiple people contribute knowledge) and correction of errors (different perspectives can spot mistakes). It usually takes more time than individual decision - making, getting agreement can be difficult, and it is not immune to biases.

Answer:

• Question 32: recognize the need for a decision.
• Question 33: groupthink.
• Question 34: It allows more information processing and correction of errors.