Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Why Do Managers Make Bad Decisions? The CEO of Kwikee Shoppe, a chain of convenience stores, believes that some of his managers aren't making decisions

Why Do Managers Make Bad Decisions?
The CEO of Kwikee Shoppe, a chain of convenience stores, believes that some of his managers aren't making decisions as effectively as they could. He has hired you as a consultant to analyze the types of bias that could be causing poor decisions. If you can identify the biases that may cloud their judgment, then they can be made aware of these tendencies so they can improve their performance. You gather data about Kwikee Shoppe managers' most recent decisions.
Eloise has never stocked any organic products, and her sales have always been fine. She also doesn't see any reason to allow customers to pay with their smartphones, since cash and credit cards have always worked perfectly well. Other stores have started stocking bags of organic chips and have converted their cash registers to accept a smartphone payment system, and their profits have increased. However, Eloise thinks that making these changes would just be more trouble than they're worth.
Seeing what you want to see
Being influenced by initial impressions
Being influenced by emotions
Perpetuating the status quo
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Understanding Management

Authors: Richard L Daft, Dorothy Marcic

6th Edition

9780324581782, 324581785, 978-0324568387

More Books

Students also viewed these General Management questions

Question

1.Describe the events taking place during the interphase?

Answered: 1 week ago

Question

1.What are the significance of meiosis?

Answered: 1 week ago

Question

1.Explain why pure water has the maximum water potential?

Answered: 1 week ago