Session 5 - Decision making Flashcards
What are the type of factors that influences your decisions ?
You are influenced by :
- your perceptions
- your personality
- your bias and values
- your emotions
- your culture
- how you think others will judge you
- known legal & ethical constraints.
Give a type of country where is the boss that decide
France
USA
Give a type of country where the decisions is taken collectively
SE ASIA
Japan
Sweden
Give the country where the director is not present during a negociation
China
What is the contrary of an affective decision ?
An affective decision is taking a decision with feelings and emotions.
A neutral decision is taken with logic.
What is the contrary of a internal direction decision ?
It’s an external direction decision
What is cultural relativism ?
Cultural relativism ; a decision is ethical if it’s the right thing to do in a given culture.
What is Ethics ?
Ethics : Integrating moral-based thinking and values into decision making.
What is Deontology ?
Deontology : The book rules to say if it is right or wrong.
What are the factors which impact decision making ?
- Do we need a solution ?
- Individual or collective ?
- Who should decide anyway ?
- Affective or “neutral” ?
- Impact of time : fast or slow ?
- High or low context cultures ?
- Uncertainty avoidance ?
- Programmed vs. non-programmed decisions
What is sustainable leardership ?
Can you give an exemple ?
A sustainable leader is someone who thinks about the 3 Ps : Planet, People and profit
Ex: Tom Szaky, founder and CEO of Terracycle, upcycling
Lynn Jurich, CEO of Sunru residential solar energy
Yvon Chouinard, founder of Patigonia wear and gear
Luiz Seabra - Founder and CEO of Natural Brasil
What are the 3 types of internal stakeholders ?
3 types of stakeholders:
1) Employees
2) Manager
3) Owners
What are the 6 types of external stakeholders ?
6 types of external stakeholders ?
1) Government
2) Suppliers
3) Society
4) Creditors
5) Shareholders
6) Customers
Can you give an exemple of stakeholder decision ?
You are purchasing manager for a multinational food company specializing in the sale of fresh tuna and frozen fish products. You have sub-contracted fishing boats using nets which , in addition to catching tuna, ensnare and kill dolphins.
The US style of decision-making is surprisingly top-down. For what reason is this ?
The priority is to have a fast decision-making process.
What are the 3 important drivers in German decision-making ?
The three important drivers in German decision-making are structure, process and productivity.
Why do decision-making may take a long time in Sweden ?
In Sweden, decision-making may take a long time. This is due to a focus on consensus.
Do Japanese people require to present a written document to reach a consensus ?
Yes, True ! Reaching consensus in Japanese decision-making requires each individual to present a written document.
In China individuals should maintain their place in the hierarchy to avoid ‘chaos’. This is linked to which system of thought ?
Confucianism.
In Arab cultures, personal connections play a strong role in decision-making. What is the term used to describe this ?
Nepotism
What are the 10 Ethical tests ?
10 Ethical Tests :
1) The Golden Rule Test
2) The Truth Test
3) The “What If Everybody Did This” test
4) The Parents Test
5) The “Children’s viewpoint” test
6) The Religion test
7) The Conscience test
8) The Consequences test
9) The ‘Front page’ test
10) The ‘Easy Sleep’ test
What are the 3 frameworks for ethical decision-making ?
1) The Consequentialist Framework
2) The Duty Framework
3) The Virtue Framework
There’s no Planet B - 50 + 20 + Management Education for the World
- Set new benchmark for sustainable management
- Educate, Enable, Engage
- Self awareness (connaissance de soi)
- Learn to maximize profit but to know more about sustainable issues
Can you give some example of autocratic cultures ?
France
Arab world
Latin America
