Performance Reviews 1. List and describe 4-6 common problems that occur when managers complete performance reviews. One common problem that can occur when managers complete performance reviews is selective perceptions‚ where your perceptions are heavily influenced by what they expect to see (Plous‚ pg. 15). When a manger reviews and gives a performance evaluation‚ they may have certain expectations already in mind. If you do not follow to the letter then they feel you are not handling the job
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Fundamental Attribution Error (FAE) (Jones and Harris study 1967) The Fundamental Attribution Error (FAE) principle states that man tends to ignore outside pressure and factors when judging the behavior of others. This means that people believe that a certain action or behavior was a cause of an internal motive rather than some influence from external pressure. In simple words‚ the FAE describes the inability to step inside other people’s shoes. The name FAE was first coined by Ross in 1977
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1. The decision maker in the Jet Blue case was former CEO David Neeleman. He was the person who started Jet Blue and formed it to become a low cost airline provider‚ providing luxury and comfort and destinations to various cities at a low affordable cost. He understood how to cut cost and keep operating expenses low‚ and as a result Jet Blue had rapid expansion and flew to 53 destinations in 21 states‚ including Mexico‚ Puerto Rico‚ and the Caribbean. Up until 2007‚ when David Barger took over‚ Neeleman
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results were compared to the data of the first bead set to look for any systematic errors that may have occurred. During the experiment‚ the data was used to see whether the diameter‚ mass‚ and density were constant between the individual beads. However‚ the main goal of the experiment was to answer the question of whether or not individual density average agreed with the bulk density. Analysis Through error analysis‚ the data found was used to determine if the calculated densities were the
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with business-related decisions. However‚ the making of such decisions in the real world is often unstructured. The term ‘rational decision making’ epitomises the confusion and widely varying interpretations surrounding this phenomenon. A process-oriented approach may‚ therefore‚ seem different from traditional ways of arriving at a choice. Nevertheless‚ the benefits of adopting such an approach are significant‚ and its use seems certain to improve managerial decision making in organisations. The
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pay off existing debt. Moreover‚ once the company is public‚ it has access to a new and liquid source of capital for any future needs it may have. Increased Public Awareness As IPOs often generate publicity by making a company’s products known to a new group of potential customers‚ it created public awareness of the company. Achieve Optimal Capital Structure Adding equity lowers the leverage (debt/equity ratio) of the company and helps equip the company with the tools to achieve optimal capital
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Pitfalls and Limitations of Decision Making Heuristics and Biases: ‘People rely on a limited number of heuristic principles which reduce the complex tasks of assessing probabilities and predicting values to simpler judgmental operations.’ (Kahneman et. al‚ 1974) Heuristics are cognitive shortcuts or ‘rules of thumb’ used to simplify the decision making process. Heuristics result in good decisions and their main asset is that they save time. Most of the heuristics are used by people with specific
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The Consequences and Errors of American Foreign Policy Beliefs “If we have to use force‚ it is because we are America. We are the indispensable nation. We stand tall. We see farther into the future.” –Secretary of State Madeleine Albright. Adherence to the current foreign policy ideology has been and will continue to be detrimental to the American people and the world at large. Though political posturing positions Republicans and Democrats against each other on all issues‚ a consensus has been reached
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first ceremonial flight from New York City to Buffalo‚ NY‚ making John F. Kennedy International Airport its official hub. David Neeleman founded JetBlue after raising $130 million from investors and also contributing $5 million of his own money. Neeleman’s idea was to start a company that would combine the low fares of a discount airline carrier with the comforts of a small cozy den in people’s homes. By April‚ 2002‚ the airline company had flown over five million passengers‚ sold public stock
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Implicit Hidden Biases 11/15/2013 Unbiased: not having or showing an unfair tendency to believe that some people‚ ideas‚ etc.‚ are better than others : not biased 1: free from bias; especially : free from all prejudice and favoritism : eminently fair 2: having an expected value equal to a population parameter being estimated (Webster) Hidden Bias Tests measure unconscious‚ or automatic‚ biases. Willingness to examine your own possible biases is an important step
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