Managerial Decision Making « Premium Essays
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Managerial Decision Making
Posted on April 5, 2021
When it comes to reducing the tendency to recommit (e.g., escalate) to an unsuccessful prior decision, Bazerman and Moore (2013) state the following:
“as a manager, you should make a decision and implement it, but be open to dropping your commitment and shifting to another course of action if the first plan does not work out. This means constantly reassessing the rationality of future commitments and learning to identify failures early” (p. 131).
In a 3-5-page paper, describe a time that you or one of your organization’s leaders implemented a plan, system, or process that failed. Describe the reluctance to end the failed program. What finally caused the organization to move towards using a new approach? If the organization is still operating the failed program, what effect is this having on internal stakeholders?
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