I. STATEMENT/RECOGNITION OF DECISION REQUIREMENT/PROBLEM Facts of the Case Pinnacle is a small‚ publicly held Indiana-based machine tool company which is currently losing market shares due to aggressive pricing which have an impact on its profit margin. Don Anglos‚ Pinnacle’s CEO‚ heard a credible rumor that a chief competitor of Pinnacle is planning a hostile takeover of Hoilman‚ Inc. Don Anglos has to decide whether Pinnacle should attempt to acquire Hoilman‚ Inc.‚ a company known for
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Have you ever been part of a team that made a terrible decision? You may have been part of a groupthink event. Groupthink is a term coined by Psychologist Irving Janis. He determined cohesive groups try to maintain unanimity rather than utilize all data to make a good decision (Whyte‚ 2000). Some historic examples of groupthink are the attack on Pearl Harbor‚ Iranian hostage rescue attempt‚ and the Holocaust. The attack on Pearl Harbor may have been thwarted‚ or damage minimized‚ if groupthink
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GROUPTHINK THEORY Groupthink is a concurrence-seeking tendency that can deter collective decision-making processes and lead to poor decisions that induce fiascos‚ (Janis‚ 1972‚ 1982). Janis (1972) defined groupthink as "a mode of thinking that people engage in when they are deeply involved in a cohesive in-group‚ when the members’ strivings for agreement override their motivation to realistically review alternative courses of action. Janis listed eight symptoms of group think: Illusions of invulnerability
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While decision making may require good leadership skills not good communication skills‚ communication in an organization is very important it affects how decisions are made and the quality of those decisions at every level of the organization. Decisions are based on information and information is gathered by management through all types of communication. Without effective communication how will the organizations vision be translated to the employees? And for the organization to be successful‚ management
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Conclusion Page 4 2. Section B 2.1. The Nature of Group Work Page 4 2.2. Organisational Behaviour Page 4 2.3. The Hawthorne Effect Page 5 2.4. Groupthink Page 5 2.5. Devil’s Advocacy Page 5 2.6. Philosophy and History Page 6 2.7. Decision Making Process Page 6 2.8. Rational Decision Making Page 6 2.9. Bounded Rationality Page 6 2
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Leadership and Decision Making Introduction Leadership is when one gives direction to a group or organization. Leaders consistently make executive decisions. It is important that leadership do not fall into psychological traps hindering them from succession planning‚ product development‚ and acquisition (Hammond‚ Keeney and Raiffa‚ 2006). According to “The Hidden Traps in Decision Making” article written by Hammond‚ Keeney and Raiffa (2006)
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Decision making is a cognitive process leading to the selection of a course of action among alternatives. Every decision making process produces a final choice called a decision. It can be an action or an opinion. It begins when we need to do something but we do not know what. Therefore‚ decision-making is a reasoning process which can be rational or irrational‚ and can be based on explicit assumptions or tacit assumptions. (McGlone‚ 2000) There are several steps in the decision-making process:
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Could Have In the poem “Could Have” by Wislawa Szymborska‚ she constructs the poem in such a way that she is speaking not to one singular person‚ but everyone affected by the Holocaust. Szymborska writes‚ “You were saved because you were the first. You were saved because you were the last.” I believe this is her way of broadening the horizon of who she is talking to. From what we know about Szymborska and her past careers as a poetry editor‚ a columnist‚ and a translator we can see that right off
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Janis’ concept of Groupthink Janis’ (1972) concept of Groupthink sets out symptoms and characteristics that can occur within cohesive groups. This behaviour can have significant negative influences on the decision making process within the group. Janis further classifies six main symptoms which can be found in groups suffering from Groupthink. The story of ‘The Bay of Pigs’‚ and the case study of the pharmaceutical industry‚ will help us to illustrate differences between the characteristics
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Will is a high school guy who finally got the courage to ask his crush‚ Christine‚ out on a date. The night went really well‚ and Will felt like he was on top of the world. But when Monday came‚ Christine did not sit by him at lunch. Will thought‚ "What did I do? Did she not like the restaurant we went to?" Will has just demonstrated: *c. Personalization 2. Common mistakes of interpretation‚ such as personalization and catastrophizing‚ are all linked to: *c. Fundamental Attribution Error
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