Which one of the following best illustrates an error which you, as a manager, might make due to overconfidence?
A) Overestimating the best outcome expected from a project while underestimating the possibility of a less favorable outcome.
B) Assuming that a new project will be profitable since similar projects in the past were successful.
C) Assuming that your expectations of the future outcome from a project are more accurate than the expectations of others within your organization.
D) Listening to the advice of subordinates with whom you agree while ignoring the advice of subordinates with whom you tend to disagree.
E) Downplaying the cost of future failure of an existing project since the project has already paid for itself.

Question

Quizplus · Accepted Answer

Overconfidence can lead to a manager believing their own predictions or expectations about future outcomes are more accurate than those of others, disregarding potentially valuable insights and perspectives.

Which One of the Following Best Illustrates an Error Which