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Assumptions that underlie the classical models of decisions

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1. Devil's advocacy can be a safeguard against costly mistakes. However, it can also hamper decision making. How can devil's advocacy be used constructively in business situations?

2. Discuss the assumptions that underlie the classical model of decision-making, and explain how this model would help to explain the behavior of a manager who was attempting to act consistently with this model in a realistic business situation of your choosing.

3. Almost all managers are involved in business planning activities. Discuss why planning is important to managers within the organization.

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1. Devil's advocacy can be a safeguard against costly mistakes. However, it can also hamper decision making. How can devil's advocacy be used constructively in business situations?
Devil's advocacy is imperative in business brainstorming and decision making, as it can creatively and intellectually dissect both sides of an issue. Without someone playing devil's advocate (in a constructive manner) there might be a tendency to go with easy decisions, follow the crowd, or not open the doors to alternative thinking and options. When used in a negative or demeaning manner, devil's advocacy can be a frustrating distraction in discussions and meetings, taking away from the situation goal instead of contributing to it. It is best to always have a solid reason and argument for playing the devil's advocate, versus just trying to be difficult.

2. Discuss the assumptions that ...

Solution Summary

The assumptions that underlie the classical models of decisions are examined.

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