Question: Read sections 11.3 Understanding Decision Making and 11.6 Developing Your Personal Decision-Making Skills, and answer the given questions below. Read section 11.2 Case in Point:
- Read sections 11.3 Understanding Decision Making and 11.6 Developing Your Personal Decision-Making Skills, and answer the given questions below.
- Read section 11.2 Case in Point: Bernard Ebbers Creates Biased Decision Making at WorldCom and the case study.
- Each student will submit a two- to three-page paper, in APA format, addressing the following questions:
- What do you see as the main difference between a successful and an unsuccessful decision? How much does luck versus skill have to do with it? How does your faith play into decision making? How much time needs to pass to answer the first question?
- Share an example of a decision where you used "satisficing." Were you happy with the outcome? Why or why not? When would you be most likely to engage in "satisficing"?
- Decision making is a key component of the leading facet of the P-O-L-C framework. What decision-making traps might WorldComs board have succumbed to? Why might the concept of groupthink be especially relevant to boards?
- How might you use the pre-mortem technique to be more effective within groups at school or work?
- Imagine that your good friend is starting a new job next week as a manager. What recommendations would you give your friend to be successful with decision making at work?
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