Purchase Solution

Heuristics

Not what you're looking for?

Ask Custom Question

Details: Your employer, an electrical fixtures supply company has decided to purchase company cars for all of the sales staff. You have been asked to select the line of automobiles that should be purchased. You have decided that on grounds of economy and longevity that it is in the company's best interesting to purchase Volvo's. As a prudent and sensible buyer, you have done research on the web and have discovered that experts agree the Volvo is the most mechanically superior and safe automobile for your companies needs.

Prior to meeting with the Volvo sales people you talk the decision over with your Boss who reacts with disbelief and alarm: "A Volvo! You've got to be kidding. My brother-in-law had a Volvo. First, that fancy fuel injection computer thing went out. Had to replace it. Then the transmission and the clutch. Finally sold it in three years for junk."(Adapted from: Nisbett, R.E., et al., "Popular Induction: Information is Not Always Informative", in J.S. Carroll & J.W. Payne (Editors), Cognition and Social Behavior, Halsted, 1976)

For this assignment your research paper will need to:

Part 1: Identify and explain the type of heuristics in the reaction of your Boss that resulted in his/her biased reaction.

Part 2: Based on what your supervisor has stated you do some additional research and discover that your original research is confirmed. But you need to influence your Boss of the merits of purchasing a Volvo. Answer and address the following:

What type(s) of heuristic will you employ to help you influence the Boss's decision? How will that "heuristic" help you sway your supervisor to your viewpoint... and approve your recommendation to purchase Volvo's?
What specific information, about the Volvo, can you provide to your Boss that will directly "influence" his/her decision making? You will need to do research on the Volvo to answer this part of the project.

References are to be provided in APA style

Purchase this Solution

Solution Summary

Heuristics

Solution Preview

Part 1: Identify and explain the type of heuristics in the reaction of your Boss that resulted in his/her biased reaction.

The types of heuristics that can be applicable in this case will be:

Familiarity Heuristic: It is a type of heuristic where current behavior is judged to be correct based on how similar it is to past behavior and its outcomes. In this scenario, the judgment is based on the past experience of buying a volvo car by boss' brother in law.

Anchoring: Anchoring or focalism is a cognitive bias that describes the common human tendency to rely too heavily, ...

Solution provided by:
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
  • "Thanks"
  • "Thanks"
  • "Very good! "
  • "thanks"
  • "Thank you!"
Purchase this Solution


Free BrainMass Quizzes
Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Operations Management

This quiz tests a student's knowledge about Operations Management

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Motivation

This tests some key elements of major motivation theories.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.