The representativeness heuristic

Assignment Help Business Management
Reference no: EM1378350

Your department was just given a new assignment to pilot and rollout to your company. The assignment involves assembling a cross-organizational team that will be given the responsibility for analyzing different payroll systems that Faraday Enterprises can use, and selecting the best payroll system to implement.

You've chosen Susan, a salaried employee and Project Manager, to lead this effort. Her responsibilities will be to assemble the team, identify potential software products, test them, and move forward with implementing the final decision.

While you know Susan is the perfect choice to lead this project, you also know that she'll be surprised you've picked her and that she might lack the confidence to manage this project successfully.

Knowing what you do about "the self-fulfilling prophecy" and the effect it may have from Susan's point of view, write a memo introducing her to the project and the role she will lead. Be sure to build into your memo information that will help Susan correctly understand her job, and convey your confidence in her that she will succeed in leading this project.

As part of your two to three page memo, address two of the following three mental strategies and shortcuts and how they may affect the group's decision in a negative way.

The availability heuristic
The representativeness heuristic
The anchoring and adjustment heuristic

Finally, identify for Susan two or more ways in which she could improve her thinking and her group's decisions so they arrive at the best possible outcome for their project. Be sure to use APA writing style and reference notation-including citations in your written text.


Reference no: EM1378350

Explain pros and cons of an airline implementing a policy

What are the pros and cons of an airline implementing a policy that heavier customers need to buy a second seat? Research an airline and provide their policy on heavier cust

Classify the most urgent issue necessary to penetrate

Marketing is really strategic idea of "connectedness" with consumers. From the perspective of Boeing, classify also discuss explain how Boeing connects with its consumers se

What does the case title beyond blue mean

What is IBM's corporate or multibusiness strategy for the twenty-first century, and how is it different from its long-standing strategy? What does the case title "Beyond Blue

Explain how you would establish credibility

Explain how you would establish credibility. Why do you believe this product is worthwhile? A profile of your audience/s. Why are these audience/s important? How different wou

What is the present worth of his remaining income

Ken will receive a $5,000 annual payment from a family trust. This will continue until Ken in 30; he is now 20. Inflation averages 4% and Ken's real MARR is 8%. If the fi

Briefly describe the balanced scorecard approach to control

Briefly describe the balanced scorecard approach to control. Elucidate how it differs from the traditional approach to control used in most companies.

Explain a bad reputation among the stakeholders

This can result in the contractor getting a bad reputation among the stakeholders and can result in a non-renewal of the contract and a poor past performance report for the

Possible response templates

Thank you for your post About Medicaid and Alabama. According to the United States Medicaid website  Alabama has adopted CMS guidelines for enrollment in Medicaid (Medicaid,


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd