Develop wind energy offshore, Strategic Management

We know from a great deal of research that when asked to assign probabilities to uncertain states of nature most people give answers that are over-confident when calibrated against reality and that are also subject to many other systematic and common biases.  You are managing a large and risky project to develop wind energy offshore in the Nantucket Sound of Massachusetts.  This is a controversial project that is opposed by significant political interests (e.g., the Kennedy family of Hyannisport).  You have assembled a group of political and legal experts to advise you on the probability that this opposition could cause more than a year of delay to your development schedule by virtue of litigation and protest.  What steps would you take in designing an interview protocol for these experts that would help ensure that the probabilities they assign to this event are well-calibrated in reality (i.e.,  as free from bias as possible).

Posted Date: 2/22/2013 1:16:01 AM | Location : United States







Related Discussions:- Develop wind energy offshore, Assignment Help, Ask Question on Develop wind energy offshore, Get Answer, Expert's Help, Develop wind energy offshore Discussions

Write discussion on Develop wind energy offshore
Your posts are moderated
Related Questions
Hamadi Corporation manufactures an electronic component 'AZ-101'. This component is significantly different from its peer companies and has gained a high repute. The company presen

Division Y has annual operating profit of £40 million after charging £6 million for the development cost of a new product which has been launched and is expected to last this year

Question: (a) To prepare a successful quality based strategy requires an effective leadership. Explain briefly the requirements of effective leadership in this context.

Strategic management is a systematic analysis of the internal and external factors to develop strategic actions for organizational goals (Dobson & Richards, 2004). Bread Talk is a

A transport company must collect and deliver loads from and to various locations along a straight road (call it the x -axis). The truck must start and end each day at the origin (t

Question 1: a. Define strategic management and how it can be applied in an organisation. b. When a company needs to adapt to change, what are the key strategic management qu

Q. Multidimensional performance measurement? Multidimensional performance  indicators recognise that the constant drive to increase profitability can ultimately be self-defeati

1.Middle managers are often at the center of efforts to develop tactical plans to implement established strategies. How are tactical plans typically established? What challenges co


Particularly complex for weakly positioned companies