500 words. Decision making.
We learn in this module about some of the most common decision-making biases that get in the way when we try to optimize the outcomes of our decisions. Think of a time when you were a victim of one or more biases. What was the outcome? How might you bring about a different outcome if a similar experience occurred today? Support your comments by discussing one or more examples from the contemporary environment that parallel your experience. Cite at least one example from popular media (newspaper, radio, television, internet, podcast, etc.).
Learning Outcomes
- Evaluate various managerial decision-making models.
- Explain why managers must plan.
- Analyze the most common obstacles to good decision making.
