Week 4 : Decision Making Obstacles - Midterm Exam

Question 4. 4. (TCO B) In today's business environment, managers are expected to utilize intuitive and critical thinking skills on a daily basis in decision making. i. Why is past experience so important to managers today, and how applicable is it in decision making? ii. Develop three approaches to eliminate bias and stick to supporting data to improve one's decision making abilities. (Points : 20)