Quest.2)

a) Some problems are straightforward. The decision makers goal is clear, the problem is familiar, and information about the problem is easily defined and complete while some problems are not straightforward, bring unfamiliar avenues and are not easily defined. In the wake of the statement, explain the concepts of programmed and non-programmed decisions and provide suitable examples. Also the managers are constrained by factors while taking business decisions, in the light of this system discuss the concept of bounded rationality.

b) Unitech company is committed to innovation. It boasts of the best skills in the industry. The top management of the company has brought together its best talent from marketing, finance, research development and production to work on a new product idea. As the Vice President New Product Development you have been appointed as the leader of this group. How would you take this group through the different stages of group development? Should you stress on group cohesiveness? What could be some of the problems of high levels of group cohesiveness? Explain.

Note- There are 2 parts of the questions .. please answer both of them briefly