Question: How do cognitive biases and heuristics influence executive decision-making processes, and what strategies can leaders employ to mitigate their impact and foster rational decision-making?

How do cognitive biases and heuristics influence executive decision-making processes, and what strategies can leaders employ to mitigate their impact and foster rational decision-making? 

Step by Step Solution

3.38 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Executive decisionmaking while critical for organizational success is susceptible to the influence of both cognitive biases and heuristics Lets delve ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Management Leadership Questions!