Get your essays here, 10,000 to choose from!

Limited Time Offer at MyTermPapers!!!

Book Summary - Judgment in Managerial Decision Making

16 Pages 3917 Words January 2018

re that we become more thoughtful and take enough time on important decisions like setting up a new business venture or selecting an appropriate college. We can also avoid biasness while taking interview or selecting any candidate based on the perception driven thinking. In today’s modern era, our thinking is even more capsized by social media, new channels, print media and the politicians who make us believe an absolute lie as divine truth.

Chapter 3 Bounded Awareness
The term “bounded awareness” was coined by Bazerman & Chugh (2005) where the focus of a bidder is only on negotiation and thereby missing the attention and details. As also discussed in previous chapter, most of the important information is unavailable to the decision maker. The decision maker is always relies on his most recent information, ignoring the fact that he is missing some more relevant and important piece of information. On the other hand, bounded awareness is about the variables that are too much in focus or out of focus in the given circumstances of the decis...

< Prev Page 3 of 16 Next >

Essays related to Book Summary - Judgment in Managerial Decision Making

Loading...