¶ … decision making best exemplifies what happened on the Deepwater Horizon rig?
The basic model that was used in the Deepwater Horizon accident was the bounded rational decision making approach. This is when everyone inside the organization will be focused on selecting options that work well within their current circumstances. The problem is that these individuals are not selecting an approach, which is in the best interests of everyone. Instead, there is an obsession in meeting short-term objectives at all costs. In the case of the Deepwater Horizon, everyone was ignoring obvious signs that the well was about to explode. The biggest reason why is managers were focused on meeting the productivity goals of the company at all costs. ("What are Rational Models," 2012)
Which of the decision- making biases played a potential role in the disaster?
The kind of decision making biases that were occurring prior the Deepwater Horizon incident were: a lack of focus on safety issues and a mindset concerned about increasing profit margins. The...
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