Question: Label Each Question and Chapter: Chapter 5 1. Without looking at your textbook, what are your values? List ten values in order of importance. Could
Label Each Question and Chapter:
Chapter 5
1. Without looking at your textbook, what are your values? List ten values in order of importance. Could you do it? Was this difficult for you? People don't really think about the values that they hold, so when asked to write them down in order of importance, it is a difficult task for most. After you've done this, look at Exhibit 5-3 (pg. 145). Do you find it interesting that executives hold similar values?
Ch. 5 Ethical Dilemma
Ethical Dilemma - pg. 156 - Freedom or Lack of Commitment?
Ch. 5: Case 1
Case 1 (pg 157-8) Too Nice?
Is there a price for being too nice?
Chapter 6
Read about Attribution Theory. Look at internally and externally caused behaviors. If a colleague is one that's always out partying and he or she is consistently late, then you would naturally attribute their lateness to another drunken night. However, if someone, that is always on time and is never absent, is late then you would assume something bad had happended (flat tire, wreck, etc.) Can you think of times when you use have made an internal and external attribution about someone you know?
Think of attribution from a manager's perspective, as well. How might a manager use attribution theory?
CH. 6: Overconfidence Bias
Overconfidence Bias - pg. 177-8
In one of the older versions of this text, there used to be a statement that basically said, "Dummies don't realize that they are dummies." It wasn't worded quite like that, but that's what it meant. In the
Overconfidence Bias section, it states that individuals whose intellectual and interpersonal abilities are weakest are most likely to overestimate their performance and ability. So as managers and employees become more
knowledgeable about an issue, they become less likely to display overconfidence.
There is also a statement that says that entrepreneurs that are too confident about their ideas might keep them from planning how to avoid problems that arise. In other words, their overconfidence can kill them.
Discuss overconfidence bias.
Ch. 6: Bias
Biases pg 177-182
Discuss ways in which you may have some of these biases:
Anchoring bias
Confirmation bias
Availability bias (pg. 179) - how many of you fear flying? Read this section!
Escalation of commitment (Been dating this girl for 5 years. Hate her, but getting married because too much time invested!)
Randomness Error
Hindsight Bias
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