Planning Techniques and Decision Making

What are the three qualitative techniques that can be used in planning?

• Brainstorming, Nominal group technique, Delphi technique

• Decision tree, Payback method

• Rational decision model, Intuitive decision model, Predisposed decision model

• Cognitive biases, Escalating commitment, Prior hypothesis bias

What is the main characteristic of the Nominal Group Technique?

• It allows free flow of ideas without restrictions.

• It is highly structured and minimizes conflict.

• It requires group meetings for decision making.

• It is informal and unstructured.

What is the advantage of the Delphi Technique?

• It requires group meetings.

• It allows participants to avoid personality conflict.

• It encourages personal discussion among group members.

• It is informal and unstructured.

What does the Decision Tree method help with?

• Weighing different alternatives.

• Evaluating alternatives in purchasing.

• Generating ideas in brainstorming.

• Minimizing conflict in discussions.

What is the first step in the Rational Decision Model?

• Identify the problem.

• Choose the best alternative.

• Evaluate the results.

• Implement the chosen alternative.

What is a characteristic of the Intuitive Decision Model?

• It relies on objective methods.

• It is suited for inexperienced managers.

• It uses gut feelings and instincts.

• It involves a step-by-step analysis.

What is the main issue with the Predisposed Decision Model?

• It involves a logical analysis.

• It ignores alternative solutions.

• It requires group consensus.

• It is based on cognitive biases.

What is an example of a cognitive bias?

• Escalating commitment

• Decision tree

• Nominal group technique

• Delphi technique

What does the Observe-Orient-Decide-Act Loop Model focus on?

• A systematic way of evaluating alternatives.

• The cycle of actions in decision-making.

• Identifying possible decisions.

• Minimizing risks in planning.