Be aware of the symptoms of overconfidence underestimating how long it will take to complete a task; overestimating the likelihood of something that you hope will occur, or being overly optimistic about your decisions and answers to questions Organizations develop a unique culture and set of values that favor certain actions and behaviors. When working in a company with a strong set of cultural norms, it is easy to adopt popular opinions and follow the expectations of others. Anything that leads you to see the data as you most want it to appear... You might make decisions or pursue solutions that suit your personal preferences. When you start to work on a problem, ask yourself if a particular outcome, solution, or choice is especially appealing to you. If so, try to be aware of it as you proceed. Instead of gathering data, analyzing it, and exploring alternatives systematically, these involve a combination of intuition, logic, and common sense. They are less precise than traditional problem-solving methods When problem solving, take advantage of the of this with your colleagues, which is the shared knowledge and experience a group of people can apply to a problem.

Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter6: Managing Start-Ups And New Ventures
Section: Chapter Questions
Problem 3CFCA
icon
Related questions
Question
Be aware of the symptoms of overconfidence: underestimating how long it will take to complete a task;
overestimating the likelihood of something that you hope will occur, or being overly optimistic about your decisions and answers to questions
Organizations develop a unique culture and set of values that favor certain actions and behaviors. When
working in a company with a strong set of cultural norms, it is easy to adopt popular opinions and follow the expectations of others.
Anything that leads you to see the data as you most want it to appear... You might make decisions or pursue
solutions that suit your personal preferences. When you start to work on a problem, ask yourself if a particular outcome, solution, or choice is
especially appealing to you. If so, try to be aware of it as you proceed.
Instead of gathering data, analyzing it, and exploring alternatives systematically, these involve a combination of
intuition, logic, and common sense. They are less precise than traditional problem-solving methods
When problem solving, take advantage of the of this with your colleagues, which is the shared knowledge and
experience a group of people can apply to a problem
Adaptive techniques
Avoid self-serving bias The positive outcome bias
Collective wisdom
The bandwagon effect
Transcribed Image Text:Be aware of the symptoms of overconfidence: underestimating how long it will take to complete a task; overestimating the likelihood of something that you hope will occur, or being overly optimistic about your decisions and answers to questions Organizations develop a unique culture and set of values that favor certain actions and behaviors. When working in a company with a strong set of cultural norms, it is easy to adopt popular opinions and follow the expectations of others. Anything that leads you to see the data as you most want it to appear... You might make decisions or pursue solutions that suit your personal preferences. When you start to work on a problem, ask yourself if a particular outcome, solution, or choice is especially appealing to you. If so, try to be aware of it as you proceed. Instead of gathering data, analyzing it, and exploring alternatives systematically, these involve a combination of intuition, logic, and common sense. They are less precise than traditional problem-solving methods When problem solving, take advantage of the of this with your colleagues, which is the shared knowledge and experience a group of people can apply to a problem Adaptive techniques Avoid self-serving bias The positive outcome bias Collective wisdom The bandwagon effect
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Management, Loose-Leaf Version
Management, Loose-Leaf Version
Management
ISBN:
9781305969308
Author:
Richard L. Daft
Publisher:
South-Western College Pub
Principles of Management
Principles of Management
Management
ISBN:
9780998625768
Author:
OpenStax
Publisher:
OpenStax College
Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
Management
ISBN:
9781305502215
Author:
Richard L. Daft, Dorothy Marcic
Publisher:
Cengage Learning