Smart People, Dumb Decisions
Within any organization or process, there is a purposeful role of decision making that is the result of taking in stimuli, choosing from alternatives, and making a final choice of an action, in action, or choice of action. This is true in the small business world, multinational corporations, individual life, and even with governments.
One other way of looking at decision making is that it is ingrained within the human psychological perspective; one can get quite complex about this, but essentially, from a cognitive perspective, any decision making process needs to be continuous and evolving as the individual or organization reacts to the environment, and the stimuli received. Thus, from a normative perspective, there is a logic and rationality involved in the ongoing process, we may or may not agree with that logic, but for the individual or group making the decision, the process is there (Kahneman & Tversky, 2000).
Michael Mauboussin, in his article Smart People, Dumb Decisions, analyzes how really bright, in fact sometimes brilliant, people have two major obstacles that...
This latter approach, showing the financial benefits of attaining both sustainability initiatives, is far more valuable to the organization in the long run and also protects the company's most important asset, its people and the knowledge they have. Further study of the litany of pains and costs driven by a lack of human sustainability does little to bring valuable solutions to bear on this critical problem. Instead there needs to
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According to one recent study there is little for the employees to fear concerning outsourcing. The results show that although service outsourcing has been steadily increasing it is still very low, and that in the United States and many other industrial countries 'insourcing' of services is greater than outsourcing" (Amiti, 2005, p. 308). The core team concept helps to emphasize the fact that many companies are outsourcing by insourcing, and
Ayers (2000, p. 4) describes a supply chain as "Life cycle processes supporting physical, information, financial, and knowledge flows for moving products and services from suppliers to end-users." A supply chain can be short, as in the case of a cottage industry, or quite long and complex as in the manufacture, distribution, and sales of automobiles. In fact, the automobile supply chain has its origin in the mining of the
Leadership Styles Among Male and Female Principal It is the intention of this research to study the leadership and cognitive styles of teachers and instructors of both genders within the educational system and their preference for types of leadership in a principal of that institution. The research will include teachers and educators from all levels of the educational system from grade school to high school. The study will also include teachers and
The five-factor model is a classification system of personality traits organized in five broad dimensions i.e. openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism. The model was derived from factor analytic studies of a large number of existing measures on personality traits, and has been established as generalizable across cultures (McCrae & Costa, 1997; McCrae & Costa, 1999; McCrae & John, 1992). EXTRAVERSION The leadership should reflect extra-version; this dimension represents the
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