Ask a manager to recall the best and the worst decisions he or she ever made. Try to determine why these decisions were so good or so bad.
Answer to relevant QuestionsThink about an organization in your local community or your university, or an organization’s that you are familiar with, that is doing poorly. Now think of questions managers in the organization should ask stakeholders to ...In retrospect, do you think that your choice of alternative was shaped by any of the cognitive biases discussed in this chapter? 1. Which aspect of LaserMonks’ formula—quality products, competitive prices, or social entrepreneurship—would increase the chance that you would buy from this company? 2. Which entrepreneurial characteristics does ...What business-level strategy does the company seem to be pursuing in this industry? Why? Would a flexible or a more formal structure be appropriate for these organizations: (a) a large department store (b) a Big Five accountancy firm (c) a biotechnology company? Explain your reasoning.
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