Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

earlier in the book] can be magnied when a group of people are making a decision collectively. Look no further than the U.S. Congress in

image text in transcribed
image text in transcribed
earlier in the book] can be magnied when a group of people are making a decision collectively. Look no further than the U.S. Congress in recent years to see instances in which a group decision-making process might lead to a worse outcome than if one consistent course of action were pursued. So what can managers do to minimize these biases? The problems of coordination and collaboration suggest that we should invoke group decision making only when it appears that pooling information will lead to better decisions than individual decision making. Experts advise that decision makers receiving advice from teams should always ask whether the team's recommendations contain any selfinterested biases. It's also important to see whether the team has developed an emotional attachment to one course of action or has succumbed to groupthink. Finally, run down a checklist of the heuristics and biases we've described earlier in the book to see whether the group might be prone to making these decision errors. Questions 1. Think about a time when you've been in a group that had to make a collective decision that didn't turn out well. Can you identify any specific decisionmaking errors the team made? 2. In the situation you encountered, can you think of any strategies that would have helped make the group decisionmaking process more efficient and accurate? 3. Can you think of a type of decision that is probably better made by an individual than a group? What types of decisions need to be made bv groups

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Libby, Short

6th Edition

978-0073526881

Students also viewed these General Management questions