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Decision-making scenario using your business experience

Assignment Help Operation Management
Reference no: EM13236020 , Length: 1300 Words

In this assignment, you will reflect on decisions you made using social influence, persuasion, and risk taking that went awry. Here are some key words to help you find an article for this assignment:

Decision making

Risk taking

Persuasion

Social heuristics

Describe a decision-making scenario using your business experience, personal decision making or cited journal article; include an example of the decision-making process, describe the risk, and whether persuasion was used. What were the social heuristics?

Explain the incentives in this scenario. Were they effective?

Identify the risks and the potential decision biases in your scenario. Propose the corrective steps that should have been taken to overcome these biases. If a risk assessment was conducted how did this affect the decision-making process?

Analyze your scenario for what happened in terms of social heuristics. Explain how decisions were made and the social factors that shaped the decision-making environment.

Discussthe greatest challenges to sound decision-making in your scenario.

Critiquethe decision-making process used by the sponsor(s) and leader(s) of the decision. Identify the mistakes made by the sponsor(s), leader(s), and team members or others impacted by the decision during the implementation of the decision.

Write a 3-5-page paper Apply APA standards to citation of sources.

Reference no: EM13236020

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