Management: Why Good Leaders Make Bad Decisions” by Andrew Campbell, Jo Whitehead, and Sydney Finkelstein in Making Smart Decisions

Management: Why Good Leaders Make Bad Decisions” by Andrew Campbell, Jo Whitehead, and Sydney Finkelstein in Making Smart Decisions

4.1) According to the authors, what two unconscious processes often cause decision-makers to make bad decisions? Give an example of each. The two unconscious processes are pattern recognition and the reaction to either act on the impulse or ignore it.

4.2) Poor decisions can result from associating past experiences to present problems. (true or false) True

4.3) What are three ‘red flag conditions’ identified by the authors that increase the likelihood that decision-makers will make bad judgments? The three red flag conditions that increase the decision makers’ likelihood to make bad decisions are inappropriate self-interest, the presence of distorting attachments and third is the presence of misleading memories.

4.4) According to the authors, what are two things organizations can do reduce the likelihood of bad decisions? The two things that organizations can do to reduce the likelihood of bad decisions are the introduction of fresh analysis methods as well as the placement of tougher governing measures. Fresh analysis methods will reduce the likelihood of misleading memories whereas tougher governing methods will increase the alertness of decision  makers thus reducing the likelihood of inappropriate self-interest. (Finkelstein et al, 1-6)

Works Cited

Finkelstein, Sydney, R. J. Whitehead, and Andrew Campbell. Think Again: Why Good Leaders Make Bad Decisions and How to Keep It from Happeining to You. Harvard Business Press, 2008.

 

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