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
How would you respond to Coca-Cola’s change in sales policy? How would you ensure Pepsi’s board that this response will allow you to remain competitive and profitable?

J plc manufactures a range of cars. The company is structured on a divisional basis with each division having responsibility for a segment of the market. One of the divisions manuf

An electronics firm is presently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.00 per unit.  Fixed costs are$14,000 per month.  present

Discuss the ways in which the strategies of the functional areas of an organisation should support the other levels of strategy. In describing how the functional strategies sup

Have you ever been involved in an effort to introduce a new product, service or technology in an organization? If so, share your experiences with the class. Provide the class wi

Q. Explain Dimensional performance matrix? The 6-dimensional performance matrix Similar to the balanced scorecard, Fitzgerald (1991) created a 6 dimensional performance m

Undertake the following tasks : 1. Develop a position paper for enhancing the organisation's strategic capability by influencing the strategy in action. 2. Evaluate the organ

Commence the knowledge audit by identifying the knowledge gaps and blockages in the organisation, as follows: a)  Consider each of the ten checklist issues listed, and assess fr

Material Facts: The defendant's son held an "open invitation" party at  his  parent's home.  Guests, to include minors, were  encouraged  to  "bring their own  bottle." The p

Ask What advantages are there to employees as stakeholders are available in Germany that are not provided to employees in US companies? In the United States, how do employees let