Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

3 page paper ****answer all questions

We've all had experiences where we have been frustrated by a decision that our supervisor made. You have probably blamed this decision on your boss being "closed-minded," "stubborn," or "pigheaded." But after reading the background materials you should be able to more precisely examine and define the precise decision-making biases or pitfalls that your supervisor made.

For this assignment, think of three bad decisions that your current or past supervisors made. For each decision, explain what bias discussed in the background materials likely led to this bad decision. You must use biases specifically discussed in Bolland and Fletcher (2012); Kourdi (2003); or Hammond, Keeney, and Raiffa (2008). For each of the three decisions, include:

A) A brief description of the decision and why you think it was a bad one

B) What kind of bias you think lead to this decision, and why

C) A reference to one of the background readings from this module

Finally, conclude your paper with a discussion about which of the three readings from the background materials would be most useful for your supervisor to read in order to help make better decisions and avoid biases. Explain why you think this reading would be more useful than the other two readings.

Background readings:

Lombardo, J. (2014). Common Biases and Judgment Errors in Decision Making Organizational Behavior. Education Portal https://www.youtube.com/watch?

Now go through the following three readings to get a deeper understanding:

Bolland, E., & Fletcher, F. (2012). Solutions: Business problem solving. (Available from Trident Online Library. Read only the relevant chapters.)

Kourdi, J. (2011). Chapter 10: Avoiding the pitfalls and developing an action plan. Effective Decision Making: 10 Steps to Better Decision Making and Problem Solving. London: Marshall Cavendish International [Asia] Pte Ltd. [eBook Business Collection]

Hammond, J. S., Keeney, R. L., & Raiffa, H. (1998). The hidden traps in decision-making. Harvard Business Review, 76(5), 47-58. [Business Source Complete]

Improving creativity in decision making. (2014). Pearson Learning Solutions, New York, NY.

Assignment Expectations

Follow the assignment instructions closely and follow all steps listed in the instructions.

Stay focused on the precise assignment questions; don't go off on tangents or devote a lot of space to summarizing general background materials.

Make sure to cite readings from the background materials page. Rely primarily on the required background readings as your sources of information

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92084197
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Business Management

How to create effective ethical polices in the work place

How to create effective ethical polices in the work place? What is the impact of ethical assessment in the work place? How to classify Alcoa's ethical work climate?

One of the most important contributions of hofstedes

One of the most important contributions of Hofstede's studies regarding working in diverse teams is the idea of "diversity distance". How would this idea be useful in creating trust in a virtual global team?

Er database modeling questionemployees have an id name

ER database modeling question: Employees have an id, name, department and datejoined. A manager who is also an employee is managing a department and can be a manager of several employees in that department. Ignore Depart ...

Parmigiano-reggiano global recognition of geographical

Parmigiano-Reggiano: Global Recognition of Geographical Indications What historical factors have helped support the consortium's claims for the geographic specificity of Parmigiano-Reggiano and Parmesan? What are the eco ...

What are some of the recent issues with ways to calculate

What are some of the recent issues with ways to calculate cost objective for direct material, direct labor, other direct costs, indirect costs, facilities cost of money, and profit/fees? How do we use these calculations ...

Explain using diagrams what is a normal profit and why

Explain, using diagram(s) what is a normal profit and why would someone want to keep their business running when they are making a normal profit.

What are the national quality control techniques what are

What are the national quality control techniques? What are national quality control procedures?

List the organizational characteristics or factors that

List the organizational characteristics or factors that have contributed to their longevity. You do not have to select any specific companies to report on. Instead, report on the research that explains long term success ...

Heart disease is the leading cause of death in the united

Heart disease is the leading cause of death in the United States and the costliest of illnesses. Preventing heart disease and related illnesses has the potential to improve population health outcomes and lead to a health ...

Find and critique on a current article related to project

Find and critique on a current article related to project management planning. Instructions: Source must be scholarly in nature: Outline the issue Why is the article / topic important? What does this article mean to you? ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As