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The Hidden Traps of Decision-making

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Discuss systems thinking. Cite the following in your discussion:

January 2006 issue of Harvard Business Review -- Special Topic on Decision-making: The Hidden Traps of Decision-making

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Module Summary
Project Plan
Literature Review: Systems Thinking
? Introduction to the group scenario
The group scenario is one in which members of two opposing arguments accept supporting information and dismiss conflicting information. In a group persons go into a regression to defend themselves against the conflicts provoked or revealed by their participation in the group. There is a formation of a group mentality, which is a group's will. This is a system where there is denial, avoidance, and anonymous input for that the individual members deny. At one level the group gives importance to work that the group has taken up, in addition there is the need to undertake creative work, and the third is the work-group methods to remain in contact with reality (Books Llc 2010),.
? Introduction to Systems Thinking
Systems thinking is related to learning, development, and management that is based on the assumption that the component parts of the system will act differently when isolated from the system environment/other parts. This means the development of a holistic approach related to seeing the whole rather than disjointed parts. The value of systems thinking is that it is a way of understanding reality that stresses on the relationships among the system's parts rather than the parts themselves. The importance of systems thinking arises because it gives a more accurate picture of reality so that it can achieve results one wants. It also emphasizes that systems must be arranged in a particular way to carry out its purpose optimally (Books Llc 2010),.
? Problem recognition and definition
The problem definition is an important function. The reason is that it helps identify the question to be considered, or solved. It also focuses the attention of the group on the situation. It is a misgiving, or an objection. The problem recognition is the recognition of the gap between the present state and the desired state. The recognition of the problem begins from ascertaining the objectives of the ...

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Decision making - Discussion Board

Deliverable Length: 4- Paragraphs

From our learning this unit we discovered that there are 5 different types of behavioral traps:

the time delay trap
the investment trap
the deterioration trap
the ignorance trap
the collective trap

Remember that behavioral traps are almost always identified in hindsight but an awareness of them can help us, as decision makers, avoid becoming "trapped."
Post an answer to the following questions:

1-Based on your reading and research during Unit 4, in your opinion, which one of the 5 behavioral traps listed above do you believe is the easiest to fall into and which one is the easiest to avoid? Be sure to support your conclusions for each trap (avoid putting both findings and support in the same block paragraph).

2-Identify an example of how an individual may fall into one of the traps you identified. Be sure to clearly identify "which" trap the example relates toward as well as "why" it is applicable.

Reference in APA style, please

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