Human nature to make assumptions

Assignment Help Operation Management
Reference no: EM132092928

When making a decision it is human nature to make assumptions. Understanding the assumptions along with the consequences should those assumptions be incorrect is important. A best practice when making a decision is to make a list of any assumptions that exist. Discuss a decision you have made in the past in your professional life that was based on assumptions that proved to be incorrect. What were the consequences and how did you handle the resulting situation?

Reference no: EM132092928

Questions Cloud

Create extension of the option : Create an extension of the option calculator you built in part 1 of this problem set to reproduce the call diagram shown in slide 2 of lecture 5.
Pros and cons of managers using decision making models : What are the pros and cons of managers using decision making models?
The change affect small supplier in negative way : Assume you are working for a small firm that supplies a product or service to an MNE. How might the change affect a small supplier in a negative way?
Create a work breakdown structure for the project : Write the project objective for the project described below. Create a work breakdown structure (WBS) for the project below.
Human nature to make assumptions : When making a decision it is human nature to make assumptions.
Restaurant interface project : Restaurant interface project. To develop a high value, secure and reliable system, that meets the client needs such as:
Retail clothing outlet that serves the tween market : Scenario: You are the Communications Officer at Cool Cats, a retail clothing outlet that serves the tween market.
Connectivity does not guarantee connection : Connectivity doesn’t guarantee a connection. How do you ensure a connection with your recipient when using lower order communication modes?
What are the advantages of building up plant capacity : What are the advantages of building up plant capacity and what are disadvantages?

Reviews

Write a Review

Operation Management Questions & Answers

  Currently in the introduction stage of product life cycle

Identify a product that is currently in the Introduction stage of the Product Life Cycle.

  Calculate the slack or surplus for each constraint

Calculate the Slack or Surplus for each constraint (Make sure and indicate if the calculated amount is Slack or Surplus)

  What are the central goals of these laws and regulations

Identify the major laws and regulations affecting health care organizations. Why is the health care industry so heavily regulated? What are the central goals of these laws and regulations? Who benefits from them?

  Technological advancements and challenges

In a departure from its normal business operations Apple has recently teamed up with a bio-tech company to investigate the possibility

  Review the project introduction

Understanding the entire project formation as a whole will allow you the ability to understand what each portion of the project is asking on a much larger scale

  Prepare a introduction letter about the course

The first step in choosing a mentor is determining what you want to accomplish. A mentor who can challenge your thought process and beliefs is helpful.

  Web articles are considered standalone documents

Use creative font choices to get a reader's attention. Web articles are considered standalone documents.

  Employees to visualize their goals

Jamie Gibson, executive housekeeper at The Regency, usually starts his workday at 8:00 A.M. with a department meeting. These morning meetings help him and the employees to visualize their goals for the day. What should Jamie do to maintain standards ..

  Cost-insurance and freight and carriage paid

What are the similarities and differences between the following? Cost, Insurance and Freight (CIF) and Carriage Paid To (CIP). Cost and Freight (CFR) and Free On Board (FOB).

  How courage and morals affect leadership decisions

Your management team has been retained by a senior manager who is concerned about the effectiveness of his managers and their leadership abilities.

  Describe the concept of insider trading

Describe the means by which a corporation might raise capital. In your response define and describe the different types of financial securities which might be marketed in order to raise capital. Describe the concept of "insider trading". How is insid..

  Create spiritual experience for the viewer

Which artist's canvases of rectangles hover in fields of color to create a spiritual experience for the viewer?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd