What is the decoy effect in personal entrepreneurship

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Case Study: Suppose you are a new startup that is trying to rapidly innovate by developing useful apps and technology for the smartphone market. Since the firm is rather small, it encourages a high degree of personal entrepreneurship among its employees. What Big 5 personality trait do you think it would be most useful to select for in new hires? WHY?

Question: What are some things you can do as a leader to help prevent social loafing within your teams?

As decision makers we try to be rational but are still subjected to a variety of limitations and biases. How might one reduce or negate the effects of confirmation bias?

What is the decoy effect?

According to the boundedly rational decision making model, we try to make rational decisions but are subjected to a variety of constraints. What are two constraints and how might their effect be reduced?

According to the group development model, how might your leadership behavior change as you move through the stages of group development? (Reminder this is section 13.3 in your text and the slides located under files "Groups and teams")

Reference no: EM133297960

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