Major Decisions Based on Incorrect Assumptions
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Find an example of a recent major decision (whether in business, politics, etc.) that was made based on assumptions that turned out to be incorrect.
Explain why at least 2 assumptions for this decision were incorrect, and explain what led to their use as a basis for the decision.
What would you have done to test the validity of the assumptions? What specific kinds of research, testing, or surveying might you have performed if you were the decision maker in a similar situation in the future? What, if anything, would you do differently about the assumptions being made?
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Solution Summary
This solution discusses a major decision based on an incorrect assumption.
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Incorrect Assumptions
Example of a recent major decision (whether in business, politics, etc.) that was made based on assumptions that turned out to be incorrect.
The imposition Expanded Value Added Tax (EVAT) in one of the countries in Asia.
Assumptions for this decision that were incorrect, and what led to their use as a basis for the decision:
Assumptions That Are Incorrect:
1. That the EVAT would result to a balanced budget resulting from a fiscal reform and a corresponding increase in government income. http://www.bukisa.com/articles/274649_expanded-valued-added-tax
The result was the opposite. It is possible that the ...
Education
- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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