Deciding Fast: Examining the Relationship between Strategic Decision Speed and Decision Quality across Multiple Environmental Contexts

1. "Fast decision-making undermines consensus building, and if viewpoints are sidelined, there is a heightened risk of dysfunctional intra-team behavior that might disrupt the decision (Kellermanns and Floyd, 2005)." (Refer p.4)

What potential consequence of fast decision-making is highlighted in the quote above?

1. "Fast decision-making undermines consensus building, and if viewpoints are sidelined, there is a heightened risk of dysfunctional intra-team behavior that might disrupt the decision (Kellermanns and Floyd, 2005)." (Refer p.4) What potential consequence of fast decision-making is highlighted in the quote above? 

A

Increased risk of cognitive biases.

B

Enhanced decision quality.

C

Disruption of the decision-making process.

D

Improved implementation strategies.

2. According to the paper, what is the relationship between strategic decision speed and decision quality?

A

A. There is a linear relationship between strategic decision speed and decision quality.

B

B. There is a curvilinear relationship between strategic decision speed and decision quality.

C

C. There is no relationship between strategic decision speed and decision quality.

D

D. It depends on the environmental context.

3. What is the optimal decision speed for maximizing decision quality?

A

Very fast.

B

Moderate.

C

Slow.

D

It depends on the environmental context.

4. What are some of the negative consequences of making decisions too quickly?

A

Incomplete information gathering.

B

Rushed decision-making.

C

Lack of consensus.

D

All of the above.

5. The paper discusses some of the decision-making tools and techniques that managers can use to help them make high-quality decisions in a timely manner. Which of the following tool is NOT suggested by the authors

5. The paper discusses some of the decision-making tools and techniques that managers can use to help them make high-quality decisions in a timely manner. Which of the following tool is NOT suggested by the authors

A

Brainstorming.

B

SWOT analysis.

C

Decision trees.

D

Decision by consensus.

6. The paper's findings suggest that managers should:

A

A. Strive to make strategic decisions as quickly as possible.

B

B. Make strategic decisions in a timely manner, but they should also be mindful of the potential negative consequences of making decisions too quickly.

C

C. Not make strategic decisions at all.

7. The paper's findings are based on a sample of:

A

A. 100 strategic decisions made by organizations in a variety of industries.

B

B. 126 strategic decisions made by organizations in a variety of industries.

C

C. 200 strategic decisions made by organizations in a variety of industries.

8. Which of the following is NOT a key factor contributing to a strategic decision's success?

A

A. The quality of the information gathered.

B

B. The involvement of key stakeholders.

C

C. The speed with which the decision is made.

D

D. The ability to implement the decision.

9. Which of the following is NOT an ethical consideration involved in strategic decision-making?

A

A. The impact on the environment.

B

B. The impact on employees.

C

C. The impact on shareholders.

D

D. The impact on the company's image.