Question: Chapter 0 4 : Assignment: Managing Decision Making The decisions about how to rebuild Greensburg were q , decisions. The following descriptions illustrate several mistakes

Chapter 04: Assignment: Managing Decision Making
The decisions about how to rebuild Greensburg were q, decisions.
The following descriptions illustrate several mistakes that decision makers might have made as they were deciding how to rebuild Greensburg. With regard to the decision to go green, which of the following fictional scenarios would be the best representation of escalation of commitment?
Greensburg followed the Leadership in Energy and Environmental Design (LEED) platinum standards, in determining how to make its buildings most energy efficient, not realizing that the energy standards created by Green Globes were equally efficient but faster and less expensive to implement.
As time went on, Greensburg started to lose residents because of the high taxes associated with creating green city buildings. The Greensburg town council voted to continue building green because the town had already spent so much time and money on the effort.
One of Greensburg's primary attractions was the Big Well, which, at 109-feet deep, was the world's largest hand-dug well. The Big Well museum was ruined in the tornado. The city council received bids to rebuild the museum from contractors all over the world. In an effort to save time, they chose the first bid that came in under budget without looking at the other bids.
Lonnie McCollum, the mayor of Greensburg, returned to reassume his position but was not reelected because he left the office without building a coalition.
The residents of Greensburg used a group to determine how best to rebuild their town after the tornado. Which of the following are advantages of group decision making? Check all that apply.
Participants may be indecisive and seek a compromise solution.
More knowledge and information are considered.
The process may be costlier because it takes more time.
Better communication of the decision may occur.
 Chapter 04: Assignment: Managing Decision Making The decisions about how to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!