Evidence-based management helps to reduce the mental blinders and bounded rationality that prevent leaders from seeing, seeking, using, or sharing relevant and accessible information during the decision-making process.

Question

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Evidence-based management is based on the principles of using available evidence to make decisions in a rational, structured, and objective manner. It helps to overcome the biases and limitations of traditional management approaches that rely on intuition, personal experience, and anecdotal evidence. By using evidence-based practices, leaders can improve their decision-making abilities and make more informed choices based on the best available information. This can help to reduce the mental blinders and bounded rationality that prevent them from seeing, seeking, using, or sharing relevant and accessible information during the decision-making process.

Evidence-Based Management Helps to Reduce the Mental Blinders and Bounded