Explain the differences between three common methods of group decision making—interacting groups, Delphi groups, and nominal groups.
Answer to relevant QuestionsWas your decision about what college or university to attend a rational decision? Did you go through each step in rational decision making? If not, why not? In your experience, have you found that decision-making groups tend toward groupthink? If so, what factors contributed to this tendency? If not, what factors helped to prevent it? What are the different sources of advice for entrepreneurs? What type of information would an entrepreneur be likely to get from each source? What are the drawbacks or limitations for each source? Describe the five alternatives to job specialization. What is the advantage of each, as compared to specialization? Explain the role of an ethics officer as a specialized managerial position. In your opinion, what are the benefits to an organization of specialization in performing the job of an ethics officer? What are the limitations?
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