Reference no: EM132990826

Appraise the roles of emotion and fairness in decision making.

Assess common biases in decision making.

Evaluate business situations using critical thinking skills

Interpret reflective and expedient decision making.

Propose effective communication techniques.

1. As a leader, it is important to not only understand what common biases are, but to also have the self-awareness to understand those that they possess. Only through this self-awareness can a leader minimize errors in the decision-making process. What could be the result if self-awareness is not attained?
2. Decision making must be balanced, taking into consideration both short-term and long-term business outcomes. Explain how common biases, bounded awareness, emotions and motivation affect the decision-making process.
3. What ethical factors should be taken into consideration when making a decision?
4. Ethics can be considered as doing the right thing. How do you believe ethical standards in multi-national corporations should be adjusted for the diverse cultures the organization works within?