Monday, September 30, 2019
Relative advantages and disadvantages Essay
1. What are the relative advantages and disadvantages of a company being committed to achieving efficiency through a program like Six Sigma versus encouraging and reinforcing creativity and innovation? (Page 10-11) Six Sigma has a customer driven approach, its emphasis on using quantitative data to make decisions, and priority on saving money. Has evolved into a high performance system for executing business strategies. Six sigma is set up so that it can be applied to a range of situations. I think six sigma might lower team moral where as they might not be as open to speak on individual ideas as such. 2. How would you describe 3Mââ¬Å¸s efficiency and creativity conundrum in terms of programmed and nonprogrammed decisions? (Page 153-154) Programmed- a simple routine for which a manager has an established decision rule. Nonprogrammed- A new, complex decision that requires a creative solution. Their decision as a company to use methods such as six sigma versus encouraging/ reinforcingâ⬠¦ ( nonprogrammed) Not really sure about this question so much. 3. How would you describe 3Mââ¬Å¸s efficiency and creativity conundrum in terms of the rational, bounded rationality, and Z model of decision making? (Page 154-155) rational- a logical, step by step approach to decision making, with a thorough analysis of alternatives and their consequences. The 4 stages of, six sigma. Bounded- a theory that suggests that there are limits to how rational a decision maker can actually be. Z model- capitalizes on strengths of the four separate preferences 4. What role(s) do intuition and creativity play in the decision making that is evident in 3Mââ¬Å¸s efficiency and creativity conundrum?
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