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Decision-Making with Poor Results

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Think of an important business decision you have made in the past in which the results of your decision turned out poorly.

Your manager is concerned and wants to make sure that you learned from this mistake and the likelihood of this happening in the future is minimal. Therefore she would like you to email her a reflective analysis about that decision. Be sure to address the following in your analysis:

1. Describe the decision, the negative consequences of the decision, and its relative importance to you as the decision maker.

2. Identify three of the theories associated with this unit's resources and readings to illustrate your decision making process.

3. Compare and contrast your understanding of judgment and/or decision making using the three theories you identified in part 2.

4. What does your analysis imply about our understanding of how we make judgments and decisions?

5. How will your analysis of this decision help you to make better decisions in the future?

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Solution Summary

This solution discusses a business decision made which had poor results in 613 words.

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The response addresses the queries posted in 613 words with references.

// This paper is a reflective analysis about a business decision that was made in the past in which the results of the decision turned out poorly. To start with this kind of paper, one should first give an overview regarding the decision, its negative consequences and its relative importance to the individual as a decision maker. //
Business decisions have to be formulated carefully and with consideration of all perspectives as there is a huge chance of failure associated with them. Success of a business decision depends not only on planning but also in the execution. A recent business decision which went wrong was the decision to introduce recreational activity for the employees. The purpose of the decision was to reduce the work related stress of the employee. However the decision went wrong somewhere as it met with negative reactions. Firstly most of the employees thought poorly of this activity and ...

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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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