Purchase Solution

Decision-Making with Poor Results

Not what you're looking for?

Ask Custom Question

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?

Purchase this Solution
Solution Summary

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

Solution Preview

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 ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

View More Free Quizzes
Related BrainMass Solutions

  • Criteria used to assess the success implementation in workplace

    For example, a poor decision (a decision that was impacted by cognitive mistakes, for example) might be influenced by other variables, which might result in a good result. More often than not, poor results are based on poor decisions.

  • Analyzing a poor decision

    142926 Analyzing a poor decision You will be analyzing a poor decision that you have made in which the results of your decision making turned our poorly.

  • decision process

    invest a greater degree of time and resources in the process (Decision Making: 5 Steps to Better Results, 2006).

  • Ethical Practices in Statistics

    A discussion of how inaccurate or biased interpretation results could contribute to poor business decision making.

  • Successful and Unsuccessful Group Decision-Making

    Identify and discuss the reasons for the group's very good or very poor performance decision-making Focus on experiences with group decision-making and identify one very successful and one very unsuccessful experience.

  • Holistic view of a student in terms of standardized assessment

    "A high-stakes decision should not be based on a single test score alone, but that additional relevant information must be included in the decision-making process" (Deike, 2010).

  • The Bay of Pigs Invasion

    . // Reasons of poor decision making: The main cause of the poor decision made was the incomplete and irrelevant information furnished by CIA. In addition to this, the reasons of failure at CIA can said to be that.

  • Groupthink

    Consequences of Groupthink: The primary consequence of groupthink is obviously faulty decision making. In other words, groupthink often results in decision making which is not the best for the organization.

  • Differentiate good decision makers from poor ones

    is done of what is relevant in making the decision.

View More Related Solutions