Which of the following is a guideline for managers to avoid the negative effects of cognitive biases?
A) Concentrate on planning for the future instead of conducting a retrospective analysis.
B) Reward middle managers irrespective of whether they fail or succeed to implement a decision.
C) Rank various alternatives even when all relevant information is not available.
D) List the criteria that are being used to assess and evaluate alternatives.
E) Persist with economically superior alternatives despite the threat of cannibalization.

Question

Quizplus · Accepted Answer

Managers must become aware of biases and their effects, and they must identify their own personal style of making decisions. One recommended technique for examining decision-making style is for managers to list the criteria they typically use to assess and evaluate alternatives-the heuristics (rules of thumb) they typically employ, their personal biases, and so on-and then critically evaluate the appropriateness of these different factors.

Which of the Following Is a Guideline for Managers to Avoid