M5 A2 Decision Making Awry

In: Business and Management

Submitted By DaisyBlu22
Words 1527
Pages 7
Sherry West
B6025-P G01
Management Decision Models
Dr. Matthew Kuofie
Argosy University
Module 5 Assignment 2
June 11, 2014

Management Decision Models Assignment- Decision Making Awry

This assignment asks you to use decision making using social influence, persuasion and risk taking that went awry.
Examine a time when you were involved in decision making that went awry as a result of protocols, social norms or persuasive techniques. If you do not want to use an example from your business or personal experience you can base your assignment on a journal article of your selection. Here are some key words to help you find an article for this assignment: * Decision making * Risk taking * Persuasion * Social heuristics
Write a 5–6 page paper in Word format that addresses the following: * Describe a decision-making scenario using your business experience, personal decision making or cited journal article; include an example of the decision-making process, why it was a risk, how persuasion was used, and what the social heuristics were. * Explain the incentives that caused others to support the decision and identify why these incentives were selected. * 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. * Discuss the greatest challenges to sound decision-making in your scenario. * Critique the 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…...

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